Blackstone is strategically pushing into the data center industry by expanding its operations in the Asia-Pacific region.
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The demand for uranium is surging, with prices soaring to triple digits for the first time since 2007, as countries transition from fossil fuels to alternative energy such as nuclear power. The imbalance is creating a supply deficit for uranium.
The market is driven by green energy policies from governments and also a need for more secure and secure energy sources than wind and solar energy. Geopolitical factors such as the war in Ukraine are further spurring this shift.
“Our goal is to have as large a vehicle as possible, as liquid as possible so that more and more investors can participate in the sector,” said John Ciampaglia, CEO of Sprott Asset Management. “Most of the world is pivoting back to nuclear energy after largely ignoring it for 10 years.”
The future looks set for a sustained bull market in uranium. With rising demand and constrained supply, the sector is poised for growth and in uranium miners and developers as well as investments in new and existing nuclear power plants.
Canada's Athabasca Basin, spanning roughly 100,000 square kilometers in Northern Saskatchewan and Alberta, hosts the world's richest uranium deposits, with grades 20 times higher than the global average. This region propelled Canada to become the world’s largest uranium producer, until Kazakhstan surpassed it in 2009. Currently, Kazakhstan produces 43% of the world's uranium.
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Redwood Materials will supply Toyota with recycled cathode material and anode copper foil for battery cells. They will be produced in Toyota’s future $13.9 billion EV Battery factory in North Carolina scheduled for production in 2025.
This strategic partnership is important because now Toyota will have a US source for critical components for their EV batteries. This is also an extension of Redwood Materials agreement with the automaker in June 2022. Redwood, founded by former Tesla CTO JB Straubel, committed to the refurbishment or recycling of batteries from Toyota's hybrid and electric vehicles. In cases where batteries cannot undergo refurbishment, Redwood extracts essential materials like copper, lithium, cobalt, and nickel. These materials are then reprocessed into components, which are subsequently supplied back to Toyota for cell manufacturing.
“Accelerating our recycling efforts and domestic component procurement gets us closer to our ultimate goal of creating a closed-loop battery ecosystem that will become increasingly important as we add more vehicles with batteries to roads across North America,” said Christopher Yang, Group Vice President, Business Development, Toyota Motor North America.
Toyota’s ramped-up investment and Redwood partnership could inspire more battery recycling startups to partner with EV makers, encouraging a sustainable and cyclical life for used batteries.
Redwood's expansion in Nevada and South Carolina signifies an increased capacity for upcycling battery material production, aiming to meet the demands of a million EVs annually by 2025.
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Hong Kong's Insilico Medicine teams up with New Zealand's SRW Laboratories to develop AI-driven longevity nutraceuticals, leveraging Insilico's Pharma.AI platform to expedite the discovery of natural compounds that extend healthspan.
Aging populations are on the rise, set to reach 2.1 billion by 2050, with a threefold increase in those aged 80 or older. Insilico and SRW's collaboration uses AI tech to address age-related health issues with a focus on natural wellness to sustain a longer, better quality of life.
“We’ve been utilising our technology to increase output in the pharmaceutical space for years, but this is the first time we’re turning our attention to the natural supplement sector. We’re excited to help SRW make huge strides in analysing which compounds are the most effective and bring them to market. Extending the number of healthy years in a person’s life is a very motivating mission,” said Alex Zhavoronkov, PhD, co-CEO and founder of Insilico.
The partnership anticipates unveiling its first AI-assisted product suite in 2024.
By merging biotech, AI and natural sciences together, this method aims to target cellular aging rather than treating symptoms. The integration of AI into nutraceuticals reflects a holistic health approach.
While the promise of AI in drug discovery is immense, there remains a cautious outlook due to previous setbacks in AI-generated drugs, highlighting the need for successful clinical outcomes to fully validate this approach.
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