They just wanted an honorable exit from the sanctions they themselves put
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Metals & Mining Industry in Russia
Austin- Posts : 7617
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- Post n°76
Re: Metals & Mining Industry in Russia
US was forced to negotiate with Rusal when Aluminum price globally started rising iirc around 30 % after sanctions on Rusal.
They just wanted an honorable exit from the sanctions they themselves put
They just wanted an honorable exit from the sanctions they themselves put
verkhoturye51- Posts : 438
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- Post n°77
Re: Metals & Mining Industry in Russia
They need to pay the bribe in the corrupt USA to do business there.
I wouldn't be that cynical. The US has stated that they want Deripaska to decrease his share in the ownership, and after that happened, they lifted the sanctions.
He made them many offers until they finally agreed on the terms:
https://www.ft.com/content/0aedfd06-9cb9-11e8-ab77-f854c65a4465
kvs- Posts : 15617
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- Post n°78
Re: Metals & Mining Industry in Russia
Austin wrote:US was forced to negotiate with Rusal when Aluminum price globally started rising iirc around 30 % after sanctions on Rusal.
They just wanted an honorable exit from the sanctions they themselves put
Semantics. And BS. They forced Rusal to invest tens of millions of dollars in a plant they don't need. They have also
forced Rusal to pay American workers high wages instead of being free to pay far lower wages in some country that
would benefit more from this plant.
I could give a flying f*ck about how America thinks it saved its face. They have extorted massive amounts of money
from Rusal.
Austin- Posts : 7617
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- Post n°79
Re: Metals & Mining Industry in Russia
In a world where the West makes the rules and bend it and you have to play by that rulebook then you have to pay some price.
Rusal will recover the invested and bribe money in a short period of time.
Rusal will recover the invested and bribe money in a short period of time.
George1- Posts : 18456
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Join date : 2011-12-22
Location : Greece
- Post n°80
Re: Metals & Mining Industry in Russia
Russian diamond miner Alrosa sells 75% of auctioned lots in Dubai
The overall sales revenue exceeded $7 million
MOSCOW, November 1. /TASS/. Russian diamond miner Alrosa sold 112 large rough diamonds with a total weight of 1,740 carats at an auction in Dubai, the company said in a press release.
The overall sales revenue exceeded $7 million.
There were 84 participants from major diamond trading centers, such as UAE, India, Belgium, Russia, Israel and Hong Kong, according to the press release.
"In Dubai, we sold 75% of auctioned rough diamonds. This is a good result at the time when tough market is still having an impact on the demand and sales. Despite the difficult situation, our Dubai trading site remains attractive for clients from all over the world. Thus, more than 80 companies participated in our latest auction," Evgeny Agureev, Deputy CEO of Alrosa said as quoted by the company’s press release.
This was the fourth Alrosa’s auction for special size rough diamonds in Dubai this year. The next one will take place in December.
Alrosa, a leading diamond mining company, has operations in Republic of Sakha (Yakutia) and Arkhangelsk region, as well as in Angola. The company accounts for 27% of the global diamond mining. In 2018, the enterprises of Alrosa Group produced 36.7 mln carats of diamonds, while revenues from sales of rough diamonds and polished diamonds amounted to $4.5 bln.
https://tass.com/economy/1086602
The overall sales revenue exceeded $7 million
MOSCOW, November 1. /TASS/. Russian diamond miner Alrosa sold 112 large rough diamonds with a total weight of 1,740 carats at an auction in Dubai, the company said in a press release.
The overall sales revenue exceeded $7 million.
There were 84 participants from major diamond trading centers, such as UAE, India, Belgium, Russia, Israel and Hong Kong, according to the press release.
"In Dubai, we sold 75% of auctioned rough diamonds. This is a good result at the time when tough market is still having an impact on the demand and sales. Despite the difficult situation, our Dubai trading site remains attractive for clients from all over the world. Thus, more than 80 companies participated in our latest auction," Evgeny Agureev, Deputy CEO of Alrosa said as quoted by the company’s press release.
This was the fourth Alrosa’s auction for special size rough diamonds in Dubai this year. The next one will take place in December.
Alrosa, a leading diamond mining company, has operations in Republic of Sakha (Yakutia) and Arkhangelsk region, as well as in Angola. The company accounts for 27% of the global diamond mining. In 2018, the enterprises of Alrosa Group produced 36.7 mln carats of diamonds, while revenues from sales of rough diamonds and polished diamonds amounted to $4.5 bln.
https://tass.com/economy/1086602
GarryB- Posts : 40006
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- Post n°81
Re: Metals & Mining Industry in Russia
They have also
forced Rusal to pay American workers high wages instead of being free to pay far lower wages in some country that
would benefit more from this plant.
And when things turn bad they have some American workers they can fire first.
George1- Posts : 18456
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Join date : 2011-12-22
Location : Greece
- Post n°82
Re: Metals & Mining Industry in Russia
Nornickel to boost nickel output to 225,000-235,000 tonnes in 2020
Production of palladium and platinum may drop to 103,000-106,000 ounces in 2020 compared with 106,000-108,000 ounces expected to be produced in 2019
MOSCOW, November 18. /TASS/. Russia’s mining and metals company Norilsk Nickel plans to boost nickel output to 225,000-235,000 tonnes in 2020 from 220,000-225,000 tonnes in the previous year, according to the company’s presentation for Investor Day.
Production of palladium and platinum may drop to 103,000-106,000 ounces in 2020 compared with 106,000-108,000 ounces expected to be produced in 2019. Copper output may stay at the level of 2019 (430,000-450,000 tonnes) and equal 420,000-440,000 tonnes, the presentation said. Nickel and PGM volumes are expected to decline due to and subject to planned furnaces maintenance at Nadezhda smelter, the company noted.
In 2021-2022, nickel production may shrink to 215,000-225,000 tonnes, while palladium and platinum output may rise to 105,000-115,000 ounces.
Copper output may decline to 390,000-420,000 tonnes in 2021-2022 due to secondary feedstock depletion. However, the company expects production to recover in 2024-2025 driven by growth of mined ore volumes, the presentation said.
The company’s management expects supplies of platinum-group metals to the global market by 2030 to be sufficient for production of 25-40 mln autocatalysts, which in its turn will reduce air pollutants by 170-270 mln tonnes. Moreover, the announced growth of nickel output will allow production of 3.5-5.5 mln nickel-rich EV battery packs, which will reduce carbon dioxide (CO2) emissions by 50-100 mln tonnes, Nornickel stated.
https://tass.com/economy/1089953
Production of palladium and platinum may drop to 103,000-106,000 ounces in 2020 compared with 106,000-108,000 ounces expected to be produced in 2019
MOSCOW, November 18. /TASS/. Russia’s mining and metals company Norilsk Nickel plans to boost nickel output to 225,000-235,000 tonnes in 2020 from 220,000-225,000 tonnes in the previous year, according to the company’s presentation for Investor Day.
Production of palladium and platinum may drop to 103,000-106,000 ounces in 2020 compared with 106,000-108,000 ounces expected to be produced in 2019. Copper output may stay at the level of 2019 (430,000-450,000 tonnes) and equal 420,000-440,000 tonnes, the presentation said. Nickel and PGM volumes are expected to decline due to and subject to planned furnaces maintenance at Nadezhda smelter, the company noted.
In 2021-2022, nickel production may shrink to 215,000-225,000 tonnes, while palladium and platinum output may rise to 105,000-115,000 ounces.
Copper output may decline to 390,000-420,000 tonnes in 2021-2022 due to secondary feedstock depletion. However, the company expects production to recover in 2024-2025 driven by growth of mined ore volumes, the presentation said.
The company’s management expects supplies of platinum-group metals to the global market by 2030 to be sufficient for production of 25-40 mln autocatalysts, which in its turn will reduce air pollutants by 170-270 mln tonnes. Moreover, the announced growth of nickel output will allow production of 3.5-5.5 mln nickel-rich EV battery packs, which will reduce carbon dioxide (CO2) emissions by 50-100 mln tonnes, Nornickel stated.
https://tass.com/economy/1089953
Austin- Posts : 7617
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- Post n°83
Re: Metals & Mining Industry in Russia
Nornickel and Russian Platinum invest $ 15 billion in platinum production
Their joint venture in Taimyr will become one of the largest manufacturers in the world.
https://www.vedomosti.ru/business/articles/2019/11/18/816504-nornikel-i-russkaya-platina
Their joint venture in Taimyr will become one of the largest manufacturers in the world.
https://www.vedomosti.ru/business/articles/2019/11/18/816504-nornikel-i-russkaya-platina
Austin- Posts : 7617
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- Post n°84
Re: Metals & Mining Industry in Russia
CBR should also buy Platinum also called White Gold from Russian producer who are second largest in the word.
https://www.rt.com/business/447815-russia-natural-resources-sanctions/
https://www.rt.com/business/447815-russia-natural-resources-sanctions/
owais.usmani- Posts : 1798
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- Post n°85
Re: Metals & Mining Industry in Russia
https://oilprice.com/Energy/Coal/Russia-Looks-To-Double-Coal-Exports-To-China.html
Russia Looks To Double Coal Exports To China
Russia has been historically associated with oil and gas exports, yet the news somewhat underreports its coal market presence. Although neither the world’s largest coal producer nor exporter, Russia seems to continue with its strategic aim to ramp up coal exports, all the while domestic carbon demand is about to plummet. Step by step, first by getting its spare production capacity ready, now by ensuring appropriate infrastructure solutions are there to transport all the goods, Moscow is laying the groundwork for a large-scale expansion that is about to take place in the mid-2020s. Another story that juggles on the border of the political and economical, East Asian markets and nations take central stage in Russia’s export policy, once again.
At first glance, 2019 was not the ideal year for the Russian coal industry. Bumping down from last year’s all-time high, coal production decreased 0.2 percent year-on-year to 439 million tons. Prices both in Europe and Asia have reached multi-year lows this summer, especially the former has seen quotations plummeting amid robust coal-to-gas switch dynamics and market oversupply – both have recovered somewhat in the autumn months, yet Europe witnessed another steep drop this Januarys. Domestic Russian demand for coal was stagnating, too, as coal usage in thermal stations, especially in Southern Siberia where it is predominantly mined, decreased by 3 percent year-on-year all the while coking coal demand remained stagnant. This might seem as a harbinger of future stagnation, yet the industry remains upbeat on Asian demand. In fact, the deeper one digs into Russia’s export plans vis-à-vis East Asia the more interesting it gets.
Exports of Russian coal in 2019 have risen 1 percent year-on-year – ramping up deliveries to the Asia Pacific region was the most powerful driver of growth, whilst the above stated weak European demand counteracted the Asian drive. The Asian surge has not been all rosy in terms of profitability – the Platts’ FOB Russia Pacific (6300kcal/kg) GAR price averaged 78.10 USD per metric ton in 2019, down 29 percent year-on-year from the 2018 level of 108.70 per metric ton – and consequently, coal exporters’ revenues dropped 10-15 percent from 2018. Yet despite the price weakness which given the equally warm winter of 2019/2020 will persist even further, big producers like SUEK or KRU continue to dream big. Testament to their ambition, both companies have used the 2019 demand languor to modernize their producing assets.
Russia’s coal strategy, as ascertained in the nation’s 2035 Energy Strategy, is a long-haul ambition which would not necessarily yield immediate results. In case of coal exports towards the Asia Pacific region, this cannot be done that easily as infrastructure constraints limit producers. As most of oil and gas is now exported via pipelines and coal has become the most important exported commodity in terms of railway throughput (30% of Russian Railways throughput is coal), transportation authorities have been looking into possibilities to expand export capacities. Although mired in delays, the expansion of the Trans-Siberian Railways first to 125mtpa by 2021 and then to 180mtpa by 2024 is Russia’s primordial bid to offer and sell more.
The thing is that Russia’s main production hub in the Kuzbass is roughly equidistant to Western Europe and to East Asia – hence heretofore the export policy maintained a sort of balance between the two directions. Europe, however, was the main reason why global coal demand eventually decreased year-on-year, hence it makes very little sense to place one’s bets on EU markets. The above notwithstanding, the infrastructure squeeze has led the state rail operator, Russian Railways, to offer substantially reduced tariffs on deliveries to Russia’s European ports. One of the least utilized for coal deliveries (some 15 million tons were railed there in 2019), Russia’s Black Sea ports have been witnessing a renaissance of exports as shippers avail themselves of cheap rail tariffs and an increasing takeaway capacity that is bound to reach 50mtpa this year.
Cognizant of the difficulties inherent in relying on European markets amidst a general German-led trend towards ridding EU countries of coal utilization, Russian authorities and companies make no secrets about wanting to garner as big a share of the Asian market as possible. The prime suspect is evident – China accounts for more than half of global coal consumption, in terms of its geographic location very conveniently located in the vicinity of Siberian coal production hubs. Russia is already exporting substantial amounts of coal to China – some 30 million tons per year – yet there remains great potential for an export boost to take place in the upcoming years. The thing is that China has introduced a coal import duty in 2014 – it exempted countries it has a FTA with but Russia was left out.
Dissatisfied with the fact that Australia and Indonesia, the main competitors on the Chinese coal market, enjoy duty-free trade with China, Russian authorities have started to push for a cancellation of the coking and thermal coal duties. Whilst still in its preparatory stage, this move might fully unlock the Chinese market for Russian producers – a boon not only for the Kuznetsk Basin (home to 80 percent of the nation’s output) but also to new East-Siberian projects. The Far East has been demonstrating spectacular growth numbers – a more than 50 percent year-on-year surge in 2019 alone to more than 70 million tons – specifically engineered to grab a bigger share of the Chinese market.
All in all, the Russian Energy Ministry expects Russian coal exports to China almost double within the next 10 years, to 55 million tons from their current level of some 30 million tons per year. Yet Russia’s export surge to Asian markets need not end with China – for instance, late November Indian Minister of Steel Industry Dharmendra Pradhan indicated that Indian steelmakers would be “significantly increasing” their coking coal imports from Russia’s Far Eastern ports. Vietnam, too, is a hot market outlet, having tripled its intake of Russian coal on the back of the commissioning of several new coal-fired plants. Even long-term trends propel the nation’s coal industry to turn east – Indonesia (the largest supplier of thermal coal now) will inevitably see its 350mtpa production decline by more than 100mtpa in the upcoming two decades, with the EIA expecting Russia to overtake it as the leading thermal coal exporter within this decade.
Austin- Posts : 7617
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Siberian Gold Find Brightens Ruble’s Future
Sukhoi Log, widely seen as one of the world’s largest untapped gold deposits, could give Moscow a bulletproof currency backstop
https://www.wsj.com/articles/russias-new-shield-from-u-s-sanctions-a-siberian-gold-mine-11549535400
http://www.polyus.com/en/media/press-releases/ore--reserves--and-mineral--resources-update/
Sukhoi Log, widely seen as one of the world’s largest untapped gold deposits, could give Moscow a bulletproof currency backstop
SUKHOI LOG, Russia—Beneath this plot of land in southeastern Siberia lie vast stores of gold, according to Russia’s biggest gold producer, Polyus PJSC, and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency.
Tests commissioned by the company last year and undertaken by Australia-based AMC Consultants, along with a scoping study conducted in 2018, determined that there are 63 million ounces of gold at Sukhoi Log, Polyus has told investors. While independent mining...
https://www.wsj.com/articles/russias-new-shield-from-u-s-sanctions-a-siberian-gold-mine-11549535400
http://www.polyus.com/en/media/press-releases/ore--reserves--and-mineral--resources-update/
Austin- Posts : 7617
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- Post n°87
Re: Metals & Mining Industry in Russia
How much is 63 million ouces of gold in Tons ?
franco- Posts : 6889
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- Post n°88
Re: Metals & Mining Industry in Russia
Austin wrote:How much is 63 million ouces of gold in Tons ?
1. Assume troy oz
2. 2160 Imperial or 1964 metric
Austin- Posts : 7617
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- Post n°89
Re: Metals & Mining Industry in Russia
Siberian Gold Find Brightens Ruble’s Future
https://www.wsj.com/articles/russias-new-shield-from-u-s-sanctions-a-siberian-gold-mine-11549535400
How much is 63 million ounces of gold in tons ?
https://www.wsj.com/articles/russias-new-shield-from-u-s-sanctions-a-siberian-gold-mine-11549535400
SUKHOI LOG, Russia—Beneath this plot of land in southeastern Siberia lie vast stores of gold, according to Russia’s biggest gold producer, Polyus PJSC, and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency.
Tests commissioned by the company last year and undertaken by Australia-based AMC Consultants, along with a scoping study conducted in 2018, determined that there are 63 million ounces of gold at Sukhoi Log, Polyus has told investors.
How much is 63 million ounces of gold in tons ?
magnumcromagnon- Posts : 8138
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- Post n°90
Re: Metals & Mining Industry in Russia
35,274 oz. in a metric ton, so 63 million oz. translates to 1,786 metric tons of gold.Austin wrote:Siberian Gold Find Brightens Ruble’s Future
https://www.wsj.com/articles/russias-new-shield-from-u-s-sanctions-a-siberian-gold-mine-11549535400
SUKHOI LOG, Russia—Beneath this plot of land in southeastern Siberia lie vast stores of gold, according to Russia’s biggest gold producer, Polyus PJSC, and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency.
Tests commissioned by the company last year and undertaken by Australia-based AMC Consultants, along with a scoping study conducted in 2018, determined that there are 63 million ounces of gold at Sukhoi Log, Polyus has told investors.
How much is 63 million ounces of gold in tons ?
Austin- Posts : 7617
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- Post n°91
mining in russia
magnumcromagnon wrote:35,274 oz. in a metric ton, so 63 million oz. translates to 1,786 metric tons of gold.Austin wrote:Siberian Gold Find Brightens Ruble’s Future
https://www.wsj.com/articles/russias-new-shield-from-u-s-sanctions-a-siberian-gold-mine-11549535400
SUKHOI LOG, Russia—Beneath this plot of land in southeastern Siberia lie vast stores of gold, according to Russia’s biggest gold producer, Polyus PJSC, and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency.
Tests commissioned by the company last year and undertaken by Australia-based AMC Consultants, along with a scoping study conducted in 2018, determined that there are 63 million ounces of gold at Sukhoi Log, Polyus has told investors.
How much is 63 million ounces of gold in tons ?
Thanks
Hope the CBR buys all the gold from Polyus. Russia neeeds to have 5000 T of gold before Putin tenure ends in 2024.
George1- Posts : 18456
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Join date : 2011-12-22
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- Post n°92
Re: Metals & Mining Industry in Russia
VSMPO-Avisma will reduce titanium production by one third
https://bmpd.livejournal.com/3997509.html
https://bmpd.livejournal.com/3997509.html
Arkanghelsk- Posts : 3865
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- Post n°93
Re: Metals & Mining Industry in Russia
https://www.steelorbis.com/steel-news/latest-news/severstal-supplies-large-diameter-pipes-to-canada-for-first-time-1229927.htm
Russian steelmaker Severstal has announced that it has shipped 1500 MT of large diameter pipe (LDP) to Canada for the first time.
The pipes were produced at Severstals Izhora pipe mill and will be delivered to one of the leading pipe manufacturers in North America to be used by the energy industry in Canada
Russian steelmaker Severstal has announced that it has shipped 1500 MT of large diameter pipe (LDP) to Canada for the first time.
The pipes were produced at Severstals Izhora pipe mill and will be delivered to one of the leading pipe manufacturers in North America to be used by the energy industry in Canada
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kvs- Posts : 15617
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- Post n°94
Re: Metals & Mining Industry in Russia
Gazprom is going to start mining of Lithium in the Irkutsk Oblast from the Kovytka deposit. Russia has substantial reserves of
rare earth elements and there is a plan to develop and expand extraction of key ones like Lithium for both domestic consumption
and export by 2030. After 2030 it is expected that Lithium demand will explode because of regulatory moved to electric transport
in the EU and elsewhere.
Russia's known reserves of Lithium are third after Bolivia and Chile. But Russia has not had any commercial mining operations
until now. So it was importing 8,000 tons per year. The Kovytka deposit which is going to be mined will replace these imports.
Also, Rosatom has signed a deal with Chile for Lithium for its battery production and plans to have 10% of the world market in the coming
years.
GarryB, dino00, magnumcromagnon, zardof, LMFS, Hole and lyle6 like this post
magnumcromagnon- Posts : 8138
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- Post n°95
Re: Metals & Mining Industry in Russia
kvs wrote:
Gazprom is going to start mining of Lithium in the Irkutsk Oblast from the Kovytka deposit. Russia has substantial reserves of
rare earth elements and there is a plan to develop and expand extraction of key ones like Lithium for both domestic consumption
and export by 2030. After 2030 it is expected that Lithium demand will explode because of regulatory moved to electric transport
in the EU and elsewhere.
Russia's known reserves of Lithium are third after Bolivia and Chile. But Russia has not had any commercial mining operations
until now. So it was importing 8,000 tons per year. The Kovytka deposit which is going to be mined will replace these imports.
Also, Rosatom has signed a deal with Chile for Lithium for its battery production and plans to have 10% of the world market in the coming
years.
And you can expect Russia could probably strike and even better deal with Bolivia, after all the bullshit that the Americuntski's committed in Latin America in the last few years!
![thumbsup](/users/4211/56/72/02/smiles/75692.gif)
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lancelot- Posts : 2983
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- Post n°96
Re: Metals & Mining Industry in Russia
Russia should invest in making batteries which work in their low temperature conditions and force imported products like vehicles to use batteries which meet those specs.
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Hole- Posts : 11011
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- Post n°97
Re: Metals & Mining Industry in Russia
There is already a large factory in Siberia. A joint russian-chinese project.
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GarryB- Posts : 40006
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- Post n°98
Re: Metals & Mining Industry in Russia
Yes, I think it uses graphine to allow it to function at minus 50 degrees C...
Would be interesting because solar panels lose efficiency when they are heated up so sunlight in siberia could be gathered rather efficiently... the problem was that storage batteries were useless in such temperatures... with these low temperature batteries you can have solar powered remote stations with batteries charging when the sun shines... quite interesting potential... add a wind generator and it could be very interesting.
Would be interesting because solar panels lose efficiency when they are heated up so sunlight in siberia could be gathered rather efficiently... the problem was that storage batteries were useless in such temperatures... with these low temperature batteries you can have solar powered remote stations with batteries charging when the sun shines... quite interesting potential... add a wind generator and it could be very interesting.
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