Does Tesla’s Lithium Announcement Mean All Battery Makers Are Set To Become Miners?

The world is electrifying at a rapid pace and the mining industry seems to be becoming a quiet but key player in the electrification process. Tesla’s
TSLA
recent ‘Battery Day’ announcements only highlight the incredible challenges facing the electricity storage market, and raise significant questions about how the market will evolve.

We know that demand for energy storage is surging to meet increasing demand for renewable energy and electrified transport. According to Maria Xylia at Sweco Sweden, only 3% of global capacity can be currently stored and energy demand itself is expected to increase over 50% to 2050. Storage is a fundamental necessity for the integration of renewables into a smoothly running and efficient energy system, and it needs to be cost-effective, high performance and safe.

As Dr. Young-hye Na, Manager, Materials Innovations for Next-Gen Batteries, IBM Research says, “Enabling better battery energy

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Gold miners discover 100 million-year-old meteorite crater Down Under

Gold miners in the Australian Outback recently discovered a gigantic meteorite crater dating to about 100 million years ago, back when dinosaurs roamed the Earth.

Found near the Western Australian town of Ora Banda, the newly dubbed Ora Banda Impact Crater is about 3 miles (5 kilometers) across. This huge hole was likely created by a meteorite up to 660 feet (200 meters) wide, or longer than the length of two American football fields, according to Resourc.ly, a Western Australia news outlet.

When geologists at Evolution Mining, an Australian gold mining company, came across some unusual rock cores at Ora Banda, they called Jayson Meyers, the principal geophysicist, director and founder of Resource Potentials, a geophysics consulting and contracting company in Perth. Meyers examined the geologists’ drill core samples, as well as rock samples from the site, and he immediately noticed the shatter cones — telltale signs of a

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