Blue Gold Mineral For Batteries

Canada s pancontinental gold corporation tsxv.

Blue gold mineral for batteries.

It is no surprise that investors have called the metal blue gold. And at last count the u s. Coltan is venezuela s oro azul or blue gold. In 2009 president hugo chávezannounced the discovery of reserves worth 100 billion of the blue gold of the 21st century in the amazon region of the country.

Pyrite s metallic luster and pale brass yellow hue give it a superficial resemblance to gold hence the well known nickname of fool s gold the color has also led to the nicknames brass brazzle and brazil primarily used to refer to pyrite found in coal. The tease goes on to emphasize how important this blue gold is to new high tech machinery like the boeing dreamliner and how critical it is to rechargeable batteries of all kinds i think i ve actually read that in the current popular formulations there s actually more cobalt in a lithium battery than in nickel or lead acid. Cadmium cobalt lead lithium and nickel along with other rare earth elements. Minerals and materials used in the construction of batteries are numerous but the core mineral required to have a battery is the batteries chemical which can either be.

The price of refined cobalt has fluctuated in the past year from 20 000 to 26 000 a ton. Venezuela sits on mineral reserves of gold iron ore diamonds coal uranium and the precious mineral coltan. Image copyright google image caption batteries for mobile phones led the first cobalt boom in 2008. But the mineral best known as a blue pigment has a unique ability to boost battery performance.

With a target of 500 000 lithium batteries for 500 000 electric cars annually the gigafactory will need 78 000 tons of blue gold per year. The name pyrite is derived from the greek πυρίτης λίθος pyritēs lithos stone or mineral which strikes fire in turn from. Only has 21 000 metric tons in proved reserves. Puc a company whose focus is on the jefferson gold project in south carolina wants to expand its presence in the market for key battery metals.