*Fyi, I see where,
Rio Tinto starts producing spodumene at Quebec plant
Rio Tinto has started making spodumene concentrate, a mineral mined for its lithium content, at a plant in Quebec as the mining giant doubles down on production of the electric-vehicle battery metal.
“We are seeing strong interest in the market for a North American supply of spodumene concentrate to support production of lithium batteries,” Stéphane Leblanc, managing director of Rio Tinto Iron and Titanium, said.
The Quebec plant was commissioned in June and produced its first ton of spodumene concentrate in July, according to the company.
Rio Tinto’s lithium ventures have been in focus since its $2.4 billion Jadar project in Serbia was blocked earlier this year following protests sparked by environmental concerns about a planned mine.
In December last year, the company acquired Rincon Mining for $825 million to develop a large lithium brine project in the heart of Argentina’s “lithium triangle”.
New York state to adopt California 2035 EV rules
New York state plans to adopt California's rules approved in August that would require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids, Governor Kathy Hochul said on Thursday.
Hochul said in a statement that she has directed a state environmental agency to propose and finalize rules adopting California's plan setting yearly rising zero-emission vehicle rules starting in 2026 that phases out gasoline-only new car sales by 2035.
The California Air Resources Board (CARB) adopted its rules after Governor Gavin Newsom issued a 2020 executive order directing the move. CARB said the rules will reduce smog-causing pollution from light-duty vehicles by 25% by 2037 and result in 9.5 million fewer conventional vehicles sold by 2035.
Automakers must sell 68% of sales by 2030 as EVs or plug-ins and by 2035 can sell no more than 20% of models as plug-in hybrids.
"With sustained state and federal investments, our actions are incentivizing New Yorkers, local governments, and businesses to make the transition to electric vehicles," Hochul said.
California needs a waiver from the U.S. Environmental Protection Agency to adopt the 2035 rules.
President Joe Biden has called for 50% of all new vehicle sales by 2030 to be EVs or plug-in hybrids but not endorsed a phase-out date.
India's Hero MotoCorp to invest $60 mln in Zero Motorcycles
Zero Motorcycles, the global leader in electric motorcycles and powertrains today announced the completion of a new $107 million round of financing. The financing saw participation from strategic partners Polaris, Exor and Hero MotoCorp and financial investors including long-time backer Invus and other undisclosed investors.
“Since its launch in a Santa Cruz garage, Zero has defined the category of premium electric motorcycles and powertrains. Zero has sold over 20,000 vehicles that have accumulated over 165,000,000 miles of on-road and off-road experience.
Zero has refined the most advanced powertrain technology between e-bicycles and cars driven by its Cypher III operating system.
The company has also built an innovative, global brand that is highly respected in the industry,” said Sam Paschel, Chief Executive Officer of Zero Motorcycles.
“This financing will fund the global scaling of our operations and sales and the development of additional new models to continue driving our rapid growth. We welcome our strategic partners and new investors to our syndicate and are grateful to Invus for their steadfast support and commitment to Zero’s vision and mission.”
Zero’s business strategy relies on three key pillars: consumer motorcycles where Zero carries a broad line of on-road, adventure sport and dual sports motorcycles, fleet sales where Zero is present in over 200 police departments and authority fleets, and powertrains where Zero technology contributes to the electrification of industry-leading applications by its partners.
With this round of financing, Zero Motorcycles has raised in excess of $450M of capital and will bring the cumulative capital raise to above $500M with an anticipated additional closing by year end. Zero Motorcycles has all the necessary resources to continue pushing the boundaries of two-wheeled EV’s and electric powertrains and leading the transformation of the motorcycle and powersports industry through electrification.
About Zero Motorcycles
Zero Motorcycles is the global leader in electric motorcycles and powertrains.
Designed and crafted in California, Zero Motorcycles combines Silicon Valley technology with traditional motorcycle soul to elevate the motorcycling experience for forward-thinking riders around the world.
Food for thought on the Road to Mining Manono Bro
Cheers
Frank