Iron Oxide Pigments Market
November 2023- Mineral processor Tivan and Larrakia Energy have announced an agreement for the supply of as much as 30 megawatts of renewable energy from 2026 to a planned vanadium electrolyte factory at Darwin's Middle Arm precinct. In an announcement on Wednesday, the Northern Territory government said the partnership on energy represented a major step towards its goal of becoming a leader in low-emissions energy and critical minerals processing. NT industry minister Nicole Manison said that This puts Darwin on the map when it comes to the critical minerals and renewable technologies needed for the energy transition. ASX-listed Tivan is progressing with the development of its Mount Peake vanadium-titanium-iron project in the NT and plans to produce three vanadium pentoxide electrolytes, titanium dioxide pigments, and iron oxide through its proprietary TIVAN Process. Larrakia Energy is majority-owned by Larrakia Development Corporation, an Aboriginal organization representing the Larrakia people. It is in a joint venture with partners on a 300-megawatt solar farm at Bladin Point, near Middle Arm. Larrakia and South Korean government-owned Korea Midland Power signed an MoU with the NT government in July on the solar farm's development.
May 2023- LANXESS to display thorough selection for battery production. The LANXESS variety to produce vehicle batteries comprises raw materials for cathode materials and non-flammable electrolytes, recycling ultra-pure metal compounds for cathode materials, ion-exchange resins for extracting, flame retardants and coolants, and polyurethane (PU) casting compounds for safeguarding electronic battery components.
Major Iron Oxide Pigments market players, including DIC Corporation (Japan), LANXESS (Germany), Huntsman Corporation (Belgium), Heubach GmbH (Germany), and others, are attempting to increase market demand by funding R&D initiatives.