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Prediction 2023: Recycling Battery Metals

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Prediction 2023: Recycling Battery Metals

Prediction 2023: Recycling has the potential to reduce the primary demand for metals considerably over the next ten years. While some critical metals were affected by supply chain issues caused by geographical or political factors, the focal point is recycling within future planned developments. Local recycling of battery metals has and will continue to boom. Critical metals and minerals present us with a problem, the perceived risk that demand will exceed supply.

Virgin Critical metals(raw unprocessed) are harvested from very few places, making them rarer as time passes. Canadian, Russian, Latin American, and African sources are limited due to the strategic and political situation within each region. Russia is at war, as are African and Latin nations experiencing civil and guerrilla warfare within areas that often find these metals. Regions that are located in Northern Ontario (Canada), isolated regions within jungles and mountain ranges in nations without the finances to harvest them, relying upon foreign investment, technology, and control. This creates political problems regarding real and perceived colonial finances and management.

The demand for several transition metals is forecasted to skyrocket in the next 20 years by more than 40% for copper and rare elements, 60-71% for nickel and cobalt, and more than 89% for lithium. The World Bank has projected a rise in production of 965% for lithium, 585% for Cobalt, 383\5 for graphite, 247% for Indium, and 179% for Vanadium by 2050. The World Bank has stressed the need for recycling many of these metals, found to be very durable, but also futuristically limited in supply.

Recycling and repurposing have been stalled by past and present barriers, such as the lack of profitability tied to the practice. EVs (Electric Vehicles) have made the practice of processing and reclaiming cobalt, lithium, manganese, and nickel, along with other valued materials like copper, aluminum, and graphite spent on batteries profitable. Recycling these and other materials are becoming a critical part of the supply chain as we transition toward a low-carbon economy. The Report “reducing new mining for electric vehicles battery metals” has gone so far as to predict the demand for virgin materials will drop in total demand, less 25% for lithium, cobalt, and nickel by 35% and copper by 55% by 2040.

A typical EV’s battery can provide power for a distance between 200.000Km to 250,000Km. After a battery loses 20% of its initial capacity it becomes unfit for use within a vehicle. Rather than disposing of these batteries, their parts are recycled and repurposed for stationary energy storage to be used in utility-scale grids, building, and telecommunication tower storage which demands far less current density from the battery. Recycling These components will reduce the pressure upon mining firms to produce manageable levels of metal and minerals.

The hoped success of the EV Industry will make recycling a more profit-driven Industry. The batteries that presently exist will create a needed source for recycled parts. By 2030 over a million EV batteries will have reached the end of their life cycle, with their injection into recycling processes. By 2025 about 75% of spent EV batteries will be reused in secondary life solutions. This recycling and repurposing of lithium, for example, will be a boom to the financial markets, where the global lithium-ion battery recycling market will grow from $4.6 billion in 2022 to $22,8 billion in 2030.

India and China will dominate the recycling market due to their mature and large reuse and refurbishing sectors for portable electronics. Concern for the storage of unusable, unrecyclable materials, often toxic to the environment will create and demand regulatory management on a global scale. Today, in many parts of the undeveloped world, large-scale dumping of toxic, contaminating materials occur within hidden natural places, illegally managed by corruption and organized criminality. The World Court and the United Nations have made the eradication of these practices the primary policy.

Prediction 2023 An entirely new supply chain within the greater global supply chain is developing, one of the recycled and repurposed materials. The development of batteries has pointed to a time in the near future when lithium batteries can be maintained for over 7-8 years at a time. While the lack of recyclable feeder stock (material parts) is limited, the purposed development of the EV sector will accelerate global recycling into a mega industry benefiting most of the global population over time.

Prediction 2023

Steven Kaszab
Bradford, Ontario
skaszab@yahoo.ca

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Bad traffic, changed plans: Toronto braces for uncertainty of its Taylor Swift Era

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TORONTO – Will Taylor Swift bring chaos or do we all need to calm down?

It’s a question many Torontonians are asking this week as the city braces for the arrival of Swifties, the massive fan base of one of the world’s biggest pop stars.

Hundreds of thousands are expected to descend on the downtown core for the singer’s six concerts which kick off Thursday at the Rogers Centre and run until Nov. 23.

And while their arrival will be a boon to tourism dollars — the city estimates more than $282 million in economic impact — some worry it could worsen Toronto’s gridlock by clogging streets that already come to a standstill during rush hour.

Swift’s shows are set to collide with sports events at the nearby Scotiabank Arena, including a Raptors game on Friday and a Leafs game on Saturday.

Some residents and local businesses have already adjusted their plans to avoid the area and its planned road closures.

Aahil Dayani says he and some friends intended to throw a birthday bash for one of their pals until they realized it would overlap with the concerts.

“Something as simple as getting together and having dinner is now thrown out the window,” he said.

Dayani says the group rescheduled the gathering for after Swift leaves town. In the meantime, he plans to hunker down at his Toronto residence.

“Her coming into town has kind of changed up my social life,” he added.

“We’re pretty much just not doing anything.”

Max Sinclair, chief executive and founder of A.I. technology firm Ecomtent, suggested his employees avoid the company’s downtown offices on concert days, saying he doesn’t see the point in forcing people to endure potential traffic jams.

“It’s going to be less productive for us, and it’s going to be just a pain for everyone, so it’s easier to avoid it,” Sinclair said.

“We’re a hybrid company, so we can be flexible. It just makes sense.”

Swift’s concerts are the latest pop culture moment to draw attention to Toronto’s notoriously disastrous daily commute.

In June, One Direction singer Niall Horan uploaded a social media video of himself walking through traffic to reach the venue for his concert.

“Traffic’s too bad in Toronto, so we’re walking to the venue,” he wrote in the post.

Toronto Transit Commission spokesperson Stuart Green says the public agency has been working for more than a year on plans to ease the pressure of so many Swifties in one confined area.

“We are preparing for something that would be akin to maybe the Beatles coming in the ‘60s,” he said.

Dozens of buses and streetcars have been added to transit routes around the stadium, and the TTC has consulted the city on potential emergency scenarios.

Green will be part of a command centre operated by the City of Toronto and staffed by Toronto police leaders, emergency services and others who have handled massive gatherings including the Raptors’ NBA championship parade in 2019.

“There may be some who will say we’re over-preparing, and that’s fair,” Green said.

“But we know based on what’s happened in other places, better to be over-prepared than under-prepared.”

Metrolinx, the agency for Ontario’s GO Transit system, has also added extra trips and extended hours in some regions to accommodate fans looking to travel home.

A day before Swift’s first performance, the city began clearing out tents belonging to homeless people near the venue. The city said two people were offered space in a shelter.

“As the area around Rogers Centre is expected to receive a high volume of foot traffic in the coming days, this area has been prioritized for outreach work to ensure the safety of individuals in encampments, other residents, businesses and visitors — as is standard for large-scale events,” city spokesperson Russell Baker said in a statement.

Homeless advocate Diana Chan McNally questioned whether money and optics were behind the measure.

“People (in the area) are already in close proximity to concerts, sports games, and other events that generate massive amounts of traffic — that’s nothing new,” she said in a statement.

“If people were offered and willingly accepted a shelter space, free of coercion, I support that fully — that’s how it should happen.”

This report by The Canadian Press was first published Nov. 13, 2024.



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‘It’s literally incredible’: Swifties line up for merch ahead of Toronto concerts

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TORONTO – Hundreds of Taylor Swift fans lined up outside the gates of Toronto’s Rogers Centre Wednesday, with hopes of snagging some of the pop star’s merchandise on the eve of the first of her six sold-out shows in the city.

Swift is slated to perform at the venue from Thursday to Saturday, and the following week from Nov. 21 to Nov. 23, with concert merchandise available for sale on some non-show days.

Swifties were all smiles as they left the merch shop, their arms full of sweaters and posters bearing pictures of the star and her Eras Tour logo.

Among them was Zoe Haronitis, 22, who said she waited in line for about two hours to get $300 worth of merchandise, including some apparel for her friends.

Haronitis endured the autumn cold and the hefty price tag even though she hasn’t secured a concert ticket. She said she’s hunting down a resale ticket and plans to spend up to $600.

“I haven’t really budgeted anything,” Haronitis said. “I don’t care how much money I spent. That was kind of my mindset.”

The megastar’s merchandise costs up to $115 for a sweater, and $30 for tote bags and other accessories.

Rachel Renwick, 28, also waited a couple of hours in line for merchandise, but only spent about $70 after learning that a coveted blue sweater and a crewneck had been snatched up by other eager fans before she got to the shop. She had been prepared to spend much more, she said.

“The two prized items sold out. I think a lot more damage would have been done,” Renwick said, adding she’s still determined to buy a sweater at a later date.

Renwick estimated she’s spent about $500 in total on “all-things Eras Tour,” including her concert outfit and merchandise.

The long queue for Swift merch is just a snapshot of what the city will see in the coming days. It’s estimated that up to 500,000 visitors from outside Toronto will be in town during the concert period.

Tens of thousands more are also expected to attend Taylgate’24, an unofficial Swiftie fan event scheduled to be held at the nearby Metro Toronto Convention Centre.

Meanwhile, Destination Toronto has said it anticipates the economic impact of the Eras Tour could grow to $282 million as the money continues to circulate.

But for fans like Haronitis, the experience in Toronto comes down to the Swiftie community. Knowing that Swift is going to be in the city for six shows and seeing hundreds gather just for merchandise is “awesome,” she said.

Even though Haronitis hasn’t officially bought her ticket yet, she said she’s excited to see the megastar.

“It’s literally incredible.”

This report by The Canadian Press was first published Nov. 13, 2024.

The Canadian Press. All rights reserved.



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Via Rail seeks judicial review on CN’s speed restrictions

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OTTAWA – Via Rail is asking for a judicial review on the reasons why Canadian National Railway Co. has imposed speed restrictions on its new passenger trains.

The Crown corporation says it is seeking the review from the Federal Court after many attempts at dialogue with the company did not yield valid reasoning for the change.

It says the restrictions imposed last month are causing daily delays on Via Rail’s Québec City-Windsor corridor, affecting thousands of passengers and damaging Via Rail’s reputation with travellers.

CN says in a statement that it imposed the restrictions at rail crossings given the industry’s experience and known risks associated with similar trains.

The company says Via has asked the courts to weigh in even though Via has agreed to buy the equipment needed to permanently fix the issues.

Via said in October that no incidents at level crossings have been reported in the two years since it put 16 Siemens Venture trains into operation.

This report by The Canadian Press was first published Nov. 13, 2024.

Companies in this story: (TSX:CN)

The Canadian Press. All rights reserved.



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