Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company
Mining News Pro - Indonesian miner Aneka Tambang has sold shares worth $467.18 million in two of its subsidiaries to a unit of the world’s biggest electric vehicle battery maker, China’s Contemporary Amperex Technology Co (CATL).
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Visit: 126
SQM sells green bond to feed EV battery demand
Mining News Pro - SQM, the world’s second-largest lithium supplier, tapped the US investment-grade bond market as it looks to feed growing demand for rechargeable batteries used in electric vehicles.
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Visit: 175
Tata to build $1.6 billion Indian EV battery plant, Gujarat says
Mining News Pro - India’s salt-to-software conglomerate Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around 130 billion rupees ($1.6 billion).
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GM secures financial support for an EV battery plant in Quebec
Mining News Pro - General Motors Co. and Posco Future M Co., Ltd. have secured half of the financing for a C$600 million ($442 million) electric-vehicle battery component plant in Quebec from the provincial and federal governments.
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Visit: 219
EV battery cathode costs spike as lithium price sets fresh record
Mining News Pro - For lithium that change happened in 2018, which, for one, shows just to what extent the EV industry is still in its infancy, and two, just what an impact the additional demand from EVs will have on raw material prices.
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Visit: 447
EV battery hopeful Britishvolt holds talks on UK site sale as outlook dims
Mining News Pro - The UK’s push to develop a homegrown electric-vehicle battery giant is under threat as three-year-old Britishvolt Ltd. discusses a sale of its main factory site, according to people familiar with the matter.
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Visit: 501
Tesla’s Denholm says Australia is key to avoid EV battery crunch
Mining News Pro - Lithium powerhouse Australia, which produces about half of all unprocessed supplies of the raw material, needs to add capacity in refining and manufacturing to help the world meet surging demand for batteries, according to Tesla Inc. Chair Robyn Denholm.
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Visit: 587
Syrah Resources gets $107m loan for Louisiana EV battery plant
Mining News Pro - The U.S. Department of Energy is lending $107 million to graphite miner Syrah Resources Ltd to build an electric vehicle battery parts facility in Louisiana, the first loan in more than 10 years from the department’s Advanced Technology Vehicles Manufacturing (ATVM) funding program.
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Visit: 471
Canada to invest $1.6 billion on mineral strategy for EV battery supply chain
Mining News Pro - Canada’s federal budget will include an investment of at least C$2 billion ($1.6 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said.
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Visit: 613
Britishvolt and Bakrie’s VKTR team up for sustainable EV battery nickel
Mining News Pro - Electric vehicle (EV) battery startup Britishvolt and VKTR, part of Bakrie & Brothers’ auto unit, said on Tuesday they would develop sustainable nickel refining capacity in Indonesia and look into building a battery plant there.
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Visit: 389
CATL, LG, Panasonic deployed record GWh of passenger EV battery capacity in 2021
Mining News Pro - A new report by Adamas Intelligence states that 2021 saw a record 286.2 GWh of passenger EV battery capacity deployed onto roads globally, a 113% increase over 2020 as EV sales, especially battery electric vehicle and plug-in hybrid electric vehicle sales, surged year-over-year.
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Visit: 449
EV battery costs set to rise in 2022
Mining News Pro - The cost of batteries for electric vehicles is set to rise in 2022 as supplies of raw materials fail to keep up with rising demand.
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Visit: 292
Rio Tinto invests in European EV battery producer InoBat Auto
Mining News Pro - Rio Tinto announced Tuesday it is investing in European battery technology and manufacturing company InoBat Auto.
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Visit: 518
First Cobalt aims to create specialist EV battery materials facility in North America
Mining News Pro - Canada’s First Cobalt aims to create North America’s first specialist facility for producing electric vehicle battery materials such as cathode chemicals, it said on Sunday, as it announced a name change to Electra Battery Materials.
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Visit: 731
Pallinghurst to beef up EV battery metal business with stake in Talon Metals
Mining News Pro - Mining investor Pallinghurst Group will acquire a 19.2% stake in electric-vehicle battery metal miner Talon Metals Corp for about $80.2 million, as it looks to tap the opportunity arising from growing demand for EVs to cut carbon emissions.
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Visit: 622
BHP joins EV battery alliance
Mining News Pro - iversified miner BHP on Monday announced that it had inked a memorandum of understanding (MoU) with hybrid battery producer Prime Planet Energy & Solutions (PPES) and Toyota Tsusho Corporation (TTC) for the creation of a green electric vehicle (EV) ecosystem that will enhance sustainability, recyclability and traceability.
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Visit: 449
New EV battery designs unlikely to dampen metals demand
Mining News Pro - Mining companies say they do not fear a plan by China’s CATL to make an electric vehicle (EV) battery without lithium or other key metals because the new design will have a limited range and more-powerful rival battery technologies will gobble up minerals supply in coming years.
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Visit: 539
Canada has “right ingredients” to be EV battery leader
Mining News Pro - Canada has a “once-in-generation” opportunity to establish itself as a major player in the global battery sector, but it needs to act fast to seize the opportunity, a new report reflecting the views of stakeholders across the electric vehicle (EV) supply chain shows.
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Visit: 503
Nornickel to boost output of nickel products in Finland for EV battery market
Mining News Pro - Russian metals producer Nornickel said on Tuesday it will boost output of nickel products at its Harjavalta plant in Finland as it bets on the expanding market for battery materials needed for electric vehicles (EV).
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Visit: 673
Canada could be top player in global EV battery market
Mining News Pro - Canada has a sizeable opportunity to become one of the world’s leaders in the lithium-ion battery market, but that potential needs to be recognized and nurtured by regulators and miners, Benchmark Mineral Intelligence director Simon Moores told the House of Commons on Monday.
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Visit: 555
Tesla deployed more EV battery materials than its four closest competitors combined in 2020
Mining News Pro - A report by market researcher Adamas Intelligence states that Tesla deployed more passenger EV battery capacity and battery materials, namely lithium, nickel and graphite, than its four closest competitors combined in 2020.
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Glencore in nickel supply talks with EV battery makers
Mining News Pro - Global miner and commodities trader Glencore (LON: GLEN) is close to securing nickel supply deals with automakers and battery producers amid a looming squeeze in the market and Tesla CEO Elon Musk’s recent call to miners to produce more of the metal.
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Visit: 519
China’s CATL is developing new EV battery with no nickel, cobalt, exec says
Mining News Pro - China’s Contemporary Amperex Technology Co Ltd (CATL), a Tesla supplier, is developing a new type of electric vehicle (EV) battery that contains no nickel or cobalt, a company executive said.
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Visit: 588
Tesla seeks sustainable nickel miners for EV battery production
Mining News Pro - Tesla chief executive Elon Musk is pushing miners to produce more nickel as an ingredient of lithium-ion batteries used in its electronic vehicles (EVs) with the incentive of a “giant” contract.
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Visit: 746
China’s EV battery sector frets over supply
Mining News Pro - Mines around the world are cutting output due to the coronavirus pandemic, leaving top metals consumer China fretting over supply, as it starts to recover from the initial demand shock that the outbreak inflicted on its economy.
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Visit: 427