Urging the Indian automobile industry to focus on manufacturing electric vehicles, Nitin Gadkari, the Union Minister for Road Transport and Highways, said on Wednesday: “We have to make India the global hub of electric automobile manufacturing. This is difficult but not impossible.” The automotive industry should focus on the indigenous development of technology as well, opined the union minister at the launch of Bajaj Auto’s first electric scooter.
News ID: 6742 Publish Date : 2019/10/18
General Motors launched its two-seat full electric vehicle for customers across China last month under SAIC-GM-Wuling Automobile, General Motors’ light-vehicle partnership with SAIC Motor Corp. The micro EV, the Baojun-badged E200, offers two variants at prices of RMB 54,800 ($7,697) and RMB 64,800 after government subsidies.
News ID: 6543 Publish Date : 2019/10/04
China’s largest lithium battery maker has bought an 8.5% stake in Australian miner Pilbara Minerals (ASX:PLS), both companies said on Thursday, after falling prices caused mainly by oversupply drove the lithium producer to raise equity to fund working capital.
News ID: 6296 Publish Date : 2019/09/04
Having raced to ramp up lithium production over the past five years to exploit surging prices, Australian producers are now scrambling to cut supplies as prices plummet on falling demand in the world’s top electric vehicle market.
News ID: 6288 Publish Date : 2019/09/03
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
Chilean copper miner Antofagasta Plc (LON:ANTO) reported an almost 22% increase in copper output in the three months to June 30, thanks mostly to an expansion at its flagship Los Pelambres mine and better ore grades at Centinela, both in Chile.
News ID: 5453 Publish Date : 2019/07/24
While the prices for key battery minerals such as lithium, cobalt, nickel, rare earth elements, graphite and copper have so far been subdued in 2019, the general excitement about the future wide adoption of electric vehicles continues to fuel activity amongst Canada’s battery mineral juniors. Here is a look at eight such companies:
News ID: 5153 Publish Date : 2019/07/14
Australia’s Lynas Corp (ASX: LYC) has signed a 10-year loan extension on easier terms with its powerful Japanese backers, which means the Asian nation now has a larger and lengthier hold on the company’s rare earths output amid China’s threats to use its market supply dominance as a weapon in the trade war with the United States.
News ID: 4916 Publish Date : 2019/06/27
Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal.
News ID: 3384 Publish Date : 2019/01/24
Global growth in electric vehicle (EV) production driven by China is poised to accelerate rapidly by 2030, delegates heard at the 73rd World Foundry Congress in Krakow, Poland.
News ID: 2270 Publish Date : 2018/09/25
Rising demand for battery materials cobalt and lithium infused some optimism into an otherwise cautious London Metal Exchange (LME) Asia Week, amid a backdrop of slowing growth in China and escalating trade tensions between it and the United States.
News ID: 2122 Publish Date : 2018/05/20
