European cobalt metal prices have increased since the start of the year, as the market anticipates higher demand and the electric vehicle (EV) market takes off in Europe.
News ID: 8286 Publish Date : 2020/01/10
The European Commission has approved €3.2bn ($3.54bn) in state aid for battery makers as part of a project to develop large-scale battery manufacturing in the EU.
News ID: 7898 Publish Date : 2019/12/10
Despite the continuous drop in sales of electrified vehicles after the subsidy cut in June, Beijing continued its push on the automakers towards building more electric vehicles. The message was conveyed in the draft “development” plan of the Ministry of Industry and Information Technology for the domestic electrified vehicle industry covering 2021-35.
News ID: 7795 Publish Date : 2019/12/06
Australian lithium developer Liontown Resources has confirmed the potential for its Kathleen Valley project in Western Australia (WA) to become a significant open-pit lithium mine from 2024 before transitioning to underground operations later in its mine life.
News ID: 7698 Publish Date : 2019/12/02
The strike at General Motors (GM) ended today as United Automobile Workers (UAW) union members ratified a new collective bargaining agreement that includes plans to transition two idled facilities to electric vehicle production.
News ID: 6992 Publish Date : 2019/10/25
Lithium prices plummeted in 2019, as the market tipped into oversupply and EV growth slowed. Production of the battery metal is set to almost triple by 2025 to more than 1.5 million metric tons, but there are concerns that a fall in upstream investment could flip the market into undersupply further out.
News ID: 6968 Publish Date : 2019/10/24
The trial conducted by 25-year-old Akshay Singhal on his electric car Mahindra e2o Plus to run on water and aluminium had done several round ups on the internet last year, and now its receipt of a $3.5 million funding is drawing attention. The news came on Monday, October 21, when the company Log 9 Materials announced that it received the funding in Series A round led by Exfinity Venture Partners and Sequoia Capital India’s accelerator programme Surge.
News ID: 6836 Publish Date : 2019/10/22
South Korean exports of electric vehicles (EVs) during January-September rose by 144pc from a year earlier to 49,160 units, supporting increased demand for cobalt and other key battery materials.
News ID: 6800 Publish Date : 2019/10/21
The first round of CO2 targets for light vehicles in the EU established fleet average limits of 130g CO2/km in 2015, and 95g CO2/km in 2021.
News ID: 6686 Publish Date : 2019/10/17
China's new-vehicle market has contracted for the 15th straight month, with sales declining 5.2 percent from a year earlier to 2.27 million in September, as the nation’s weakening economy continues to weigh on light vehicle demand.
News ID: 6657 Publish Date : 2019/10/15
Most of the world’s top companies mining for lithium, cobalt and other minerals used in the making of electric vehicles’ (EVs) batteries, solar panels and other green technologies have been linked to alleged human rights abuses since 2010, a new report claims.
News ID: 6338 Publish Date : 2019/09/05
Mining and commodities trader giant Glencore (LON:GLEN) is lending Canada’s First Cobalt Corp. (TSX-V:FCC) an initial $5 million to restart the company’s refinery in Ontario, which would become the only North American producer of refined cobalt for the electric vehicle (EV) market.
News ID: 6189 Publish Date : 2019/08/26
Canadian junior Los Andes Copper (TSX-V: LA) is moving forward with plans to build a 110,000 tonne per day operation, which it believes will be Chile’s next major copper mine.
News ID: 6074 Publish Date : 2019/08/21
Albemarle Corp (NYSE: ALB), the world’s No. 1 lithium producer, is delaying plans to add about 125,000 tonnes of processing capacity as an oversupply of the white metal used to make the batteries that power electric vehicles (EV) and high tech devices continues to push down prices.
News ID: 5864 Publish Date : 2019/08/08
BHP Group is expanding its nickel business and plans to ramp up sales for the fast-growing electric vehicle (EV) sector, Asset President Eddie Haegel said on Monday.
News ID: 5775 Publish Date : 2019/08/06
Renault and Toyota Motor have each signed a deal with a domestic Chinese electrified vehicle manufacturer to jointly produce EVs. China is encouraging foreign automakers to strike similar deals with domestic producers in order to expand EV output in the country.
News ID: 5542 Publish Date : 2019/07/28
Growing global demand for batteries that power electric vehicles (EVs) and high tech devices is set to cause a supply crunch of lithium, cobalt and nickel by mid-2020s, global consultancy Wood Mackenzie predicts.
News ID: 5455 Publish Date : 2019/07/24
Toyota Motor Corp. and its Chinese partner BYD Co. will develop battery-electric vehicles and batteries as the Japanese automaker is looking at building affordable EVs for the world's top vehicle market in collaboration with its Chinese partners. Toyota and the Chinese electric automaker announced in a statement that they would manufacture sedans and crossovers to be sold under the Toyota brand in China before 2025.
News ID: 5427 Publish Date : 2019/07/23
Continuous downturn in China’s new vehicle market for last four quarters has created cash crunch for a number of automakers, a report from Automotive News China says.
News ID: 5369 Publish Date : 2019/07/21
Nickel is adding shine to the otherwise lacklustre 2019 industrial metals complex, as expectations of booming demand from electric vehicles and renewed supply worries rev prices to a one-year high.
News ID: 5313 Publish Date : 2019/07/19
