Johnson Controls is set to escape forthcoming European Union antitrust fines after owning up to price rigging with smaller rivals on the price of lead purchased from scrap dealer, according to Bloomberg newswire.
Eco-Bat Technologies Ltd, Recylex SA, and Campine SA still expected to be fined in the coming weeks for their role in a cartel among companies buying lead recycled from car batteries.
A 250MW battery storage installation in Italy is included in a list of 250 projects the European Commission is investing €5.85 billion in. The battery storage systems will be connected to the critical 150 kV transmission networks in Central South Italy.
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China has published a white paper confirming its position on rare earth elements following a complaint filed to the World Trade Organisation. The US, EU and Japan protested China are limiting their export of rare earth elements to protect domestic industries. China has rebuked this claim and cites mounting environmental damage by over-mining as the reason for slowing its mining programme.
The country is now being criticised for manipulating its estimation of reserves held. Previously they claimed to have 30% of the global reserves but now state it is closer to 20%. The Chinese government is fearful of the environmental impact of over mining. The country has already come under much scrutiny for its poor environmental track record so vigilance should be welcomed. However some critics fear the re-estimation and slower mining of reserves could have more to do with keeping prices up than concerns for the land they come from.
Industries rely heavily upon rare earth elements and will have to look elsewhere for resources if China is to stand by its conviction. Greenland could hold the answer, there is an estimated quarter of the elements required globally hidden beneath its ice. Alternatively countries could follow suit with South-East Asia and by ‘urban mining’ – reclaiming used materials from landfill sites.