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A study published in the journal Prehistory Works, indicates that two objects sampled from the Villena Treasure were smithed using meteoric iron...The Villena Treasure is one of the most important Bronze Age hoard finds in the Iberian Peninsula, discovered by José María Soler in 1963 in Villena, Spain. Archaeologists uncovered a collection of bowls, bottles, and bracelets, which were ornately crafted from gold, silver, iron and amber.Iron was considered a precious metal before the advent of iron smelting, where meteoric iron was the only source of iron metal used to make jewellery, tools, and weapons during the Bronze Age.Iron sourced...

(CNN) - A furnace explosion at a Chinese-owned nickel factory in Indonesia on Sunday has killed at least 13 workers and injured 38 others, officials say. The incident took place at a factory in the Morowali Industrial Park on the island of Sulawesi. The factory is operated by Chinese steel and nickel giant Tsingshan, which has stakes in Indonesia’s lucrative nickel mining industry and runs operations under its local arm, Indonesia Tsingshan Stainless Steel (ITSS). Morowali police spokesperson Ipda Hamid told CNN affiliate CNN Indonesia that 13 people had died at the scene, with multiple victims being rushed to nearby...

A new nickel-rich, single-crystal battery technology is on track for rapid deployment A seemingly simple shift in lithium-ion battery manufacturing could pay big dividends, improving electric vehicles’ (EV) ability to store more energy per charge and to withstand more charging cycles, according to new research led by the Department of Energy’s Pacific Northwest National Laboratory. An EV’s mileage depends on the deliverable energy from each of the constituent cells of its battery pack. For lithium-ion cells—which dominate the EV battery market—both the cell-level energy capacity and the cell cost are bottlenecked by the positive electrode, or cathode. Now that bottleneck...

The flight of money from Egypt has become a growing concern as many wealthy individuals seek to move money out of Egypt and keep their fortunes out of the eyes of the authorities. The Zambian Drug Enforcement Commission (DEC) intercepted an aircraft carrying five million dollars in cash and over 100kg of suspected gold at Kenneth Kaunda International Airport near the capital Lusaka on August 14, according to several sources. Found on the plane were $5,697,700 in cash, five pistols, seven magazines, 126 rounds of ammunition, 602 pieces of suspected gold weighing 127.7 kg, and equipment for measuring gold. Later,...

Global cobalt demand soared with the advent of cell phones and laptop computers. It exploded with the arrival of electric vehicles and now is skyrocketing in tandem with government EV mandates and subsidies. Cobalt improves battery performance, extends driving range and reduces fire risks. Demand will reach stratospheric heights if governments remain obsessed with climate change and Net Zero. States and nations would have to switch to electric cars, trucks, buses and tractors; end coal and gas electricity generation; convert gas furnaces, water heaters and stoves to electricity; and provide alternative power for windless, sunless periods. Electricity generation would triple...

Whether it was the Big Bang, Midas or God himself, we don’t really need to unlock the mystery of the origins of gold when we’ve already identified an asteroid worth $700 quintillion in precious heavy metals. If anything launches this metals mining space race, it will be this asteroid--Psyche 16, taking up residence between Mars and Jupiter and carrying around enough heavy metals to net every single person on the planet close to a trillion dollars. The massive quantities of gold, iron and nickel contained in this asteroid are mind-blowing. The discovery has been made. Now, it’s a question of...

The Psyche spacecraft was supposed to launch toward its namesake, a bizarre metallic space rock in the main asteroid belt, between August and October of this year. But issues with Psyche's flight software made it impossible to hit that window... Psyche will still launch atop a SpaceX Falcon Heavy rocket from NASA's Kennedy Space Center in Florida, as previously planned. 2022 liftoff would have delivered Psyche to its asteroid target in early 2026. But a 2023 launch requires a different trajectory, pushing the arrival back to August 2029... NASA's Janus smallsat mission, which is designed to study two separate binary...

... “For me, playing to win also means doing things differently. Doing things that others may question, but that we believe will put us in the winner’s circle the longest,” he said Wednesday during Toyota’s annual dealer meeting in Las Vegas, which, by the way, was called “Playing to Win.” Toyoda, who described Toyota as a large department store, said the company’s goal “remains the same, pleasing the widest possible range of customers with the widest possible range of powertrains.” Those powertrains will include hybrids and plug-in hybrids like the Prius, hydrogen fuel cell vehicles like the Mirai and 15...

EU and U.S. imports of Russia's main base metal products aluminium and nickel during March-June increased by as much as 70%, official trade data compiled by Reuters from the United Nations Comtrade database show. The total value of EU and U.S. imports of the two metals from March to June were $1.98 billion... Analysts said the United States and Europe have learned lessons after huge disruption on construction, auto and power sectors caused by sanctions imposed by former U.S. President Donald Trump on Russian aluminium 2018. Russia's Rusal is the world's largest aluminium producer outside China and accounts for about...

An illustration of the Psyche asteroid. (NASA/JPL-Caltech/ASU) If you wanted to do a forensic study of the Solar System, you might head for the main asteroid belt between Mars and Jupiter. That's where you can find ancient rocks from the Solar System's early days. Out there in the cold vacuum of space, far from the Sun, asteroids are largely untouched by space weathering. Space scientists sometimes refer to asteroids – and their meteorite fragments that fall to Earth – as time capsules because of the evidence they hold. The asteroid Psyche is especially interesting, and NASA is sending a mission...

Ford Motor Co.’s hot-selling Mustang Mach-E electric SUV and other plug-in models are being rendered unprofitable by rising raw material costs. “We actually had a positive bottom line profit when we launched the Mach-E, commodity costs have wiped that out,” Chief Financial Officer John Lawler said Wednesday at the Deutsche Bank Global Automotive Conference, referring to 2020, when the vehicle went on sale. “You’re going to see pressure on the bottom line when we launch our EVs, they’re not going to be positive.”

President Biden has tucked another $500 million to fund production of the minerals used to make batteries for electric cars into the Ukraine aid bill passed by Congress. Both Biden and Ukrainian leaders had said that the $40 billion emergency aid package was essential for Ukraine's war against Russia. But tucked into that package was not only military aid but half a billion dollars to be allocated under the Defense Production Act to companies obtaining critical battery minerals like nickel, cobalt, lithium and graphite, Bloomberg first noted. That's in addition to the $750 million the Defense Department (DOD) was authorized...

resident Joe Biden and Transportation Secretary Pete Buttigieg were roundly mocked by conservatives last week for suggesting that working-class Americans struggling to pay the ever-climbing prices at the pump should consider simply buying an electric vehicle instead. It was the Biden-era equivalent of Marie Antoinette’s (admittedly apocryphal) adage, “Let them eat cake.” Yet this simple solution floated by Democrat elites might just be even more fantastical than expecting average Americans to be in the financial position to switch to an EV as they struggle to afford groceries. Turns out, the U.S. doesn’t only rely on Russia for oil imports —...

Today’s hawky-dove announcement by The Fed (raises rates by only 25 basis points, but hints that many rate hikes are around the corner. The US Treasury 10Y-5Y curve has slumped to zero as inflation climbs and the number of rate hikes hits 7. Do I detect a trend? And then there is the USD OIS curve. Steep much? And electric battery metal, nickel, is surging … again. Up 66.25%. When they made Narcos, Pablo Escobar should have said “Nickel or Lead” instead of “Silver or Lead.”

KEY POINTS The LME said in a statement that it had been monitoring the evolving situation in Russia and Ukraine and it was evident this had affected the nickel market. Three-month nickel on the London Metal Exchange briefly jumped to a record high above $100,000 a metric ton, before paring gains. “It is a very dangerous market right now because this is a market that is not driven by supply and demand, it is driven by fear,” Saxo Bank’s Ole Hansen said Tuesday. The London Metal Exchange on Tuesday suspended the trading of nickel after prices more than doubled to...

America is suffering a “nickel pickle.” As the US Federal government pushes their green energy agenda, Mayor Pete Buttigieg (aka, Transportation Secretary) on Monday said “the American people stand to benefit from having more electric vehicles on the road.” Unfortunately, electric vehicles use nickle in their production and guess who produces the most nickel? Russia. Nickel futures were up +66.25%. Unfortunately, Russia is the largest miner of nickel. But Brazil is second. We are also seeing rising volatility of US stocks (VIX) and bonds (MOVE) as Russia’s invasion of Ukraine continues and crude oil prices soar. While NYM WTI Crude...

Soaring battery metal costs are leading to a renewed interest in ithium iron phosphate (LFP) batteries. Manufacturers are looking to cut cobalt use as they are looking to cut costs and improve their ESG profile. Tesla is making the switch to LFP mandatory in all its markets after a positive reception in the U.S. In the vast majority of cases, technological innovation leads to newer, cheaper, and more efficient designs than their predecessors. But every once in a while, technological progress goes into reverse gear when progress turns out to be turbocharged regress. ... During an investor presentation last year,...

UCLA researchers have designed a device that can use solar energy to inexpensively and efficiently create and store energy, which could be used to power electronic devices, and to create hydrogen fuel for eco-friendly cars. The device could make hydrogen cars affordable for many more consumers because it produces hydrogen using nickel, iron and cobalt — elements that are much more abundant and less expensive than the platinum and other precious metals that are currently used to produce hydrogen fuel. “Hydrogen is a great fuel for vehicles: It is the cleanest fuel known, it’s cheap and it puts no pollutants...

The current work involves the creation of unusual excitons in the material nickel phosphorus trisulfide (NiPS3). These excitons are "dressed" or affected by the environment that surrounds them. In this case that environment is the magnetism. The physicists found that a pulse of light causes each of the little electron "needles" in NiPS3 to start rotating around in a circle. The rotating spins are synchronized and form a wave throughout the material, known as a spin wave. Spin waves can be used in spin electronics, or spintronics... Spintronics essentially uses electrons' spin to go beyond electronics, which is based on...

<p>A major nickel mine in a Philippines rainforest has continued to expand, mowing down acres of trees as global demand for minerals essential for electric vehicle manufacturing surges.</p><p>The Rio Tuba mine in the region of Palawan supplies an important mineral for electric vehicle batteries in Tesla and Toyota cars, but the mine is nearing an expansion that would cause it to grow from four square miles to 14 square miles, according to an NBC News investigation. The growth of the mine would cause massive deforestation of the land which environmentalists warn could destroy the area’s ecosystem.</p>