Battery prices are falling again as raw material costs drop

Mining News Pro - As the auto industry grapples with how to make affordable EVs, the task may get easier by one key metric. Battery prices are resuming a long-term trend of decline, following an unprecedented increase last year.

Lithium price rout deepens with battery metal now down 75% this year

Mining News Pro - Lithium extended an almost monthlong run of declines, taking its drop this year to 75%, with expectations the rout in the electric-vehicle battery metal is far from over.

Glencore to build pilot battery recycling plant outside of Italy

Mining News Pro - Glencore has decided to build a pilot project for an electric vehicle (EV) battery recycling plant outside of Italy, but still has its eye on the island of Sardinia for a larger facility, the Swiss mining group said on Thursday.

Lithium price rout deepens with battery metal now down 75% this year

Mining News Pro - Lithium extended an almost monthlong run of declines, taking its drop this year to 75%, with expectations the rout in the electric-vehicle battery metal is far from over.

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.

Namibia’s battery metal ambitions rest on infrastructure, miners say

Mining News Pro - Namibia’s ambitions to become a manufacturing hub for battery metals key to the global transition to clean energy will require huge investments in infrastructure to support processing facilities, mining executives said on Wednesday.

China to tighten exports of key battery material graphite

Mining News Pro - China said on Friday it will require export permits for some graphite products to protect national security, springing a surprise with another bid to control critical mineral supply in response to challenges over its global manufacturing dominance.

Canada to give Umicore up to C$1bn for new battery components plant

Mining News Pro - Canada and the province of Ontario will give up to C$1 billion to a unit of Belgium’s Umicore to help it build a plant that will produce components for electric vehicle batteries, Ottawa said on Monday.

Sumitomo Metal bets on Canadian battery materials firm Nano One

Mining News Pro - Sumitomo Metal Mining (TYO: 5713) is investing $16.9 million ($12.5m) in Canada’s battery materials firm Nano One (TSX: NANO) as part of the Japanese giant’s efforts to find sustainable methods for producing lithium-ion batteries.

Canada, Japan agree to work more closely on battery supply chains

Mining News Pro - Canada and Japan on Thursday agreed to work more closely together to establishing sustainable and reliable global battery supply chains, the Canadian government said in a statement.

Tesla supplier weighs Indonesia battery metal unit IPO

Mining News Pro - Chinese battery metals producer CNGR Advanced Material Co. is weighing an initial public offering of Indonesian assets as soon as the end of 2024, according to people familiar with the matter.

Zijin in talks with Argentina to turn lithium into battery cathode

Mining News Pro - China’s Zijin Mining Group Co. is in advanced talks to build a plant in Argentina that will turn some of the nation’s huge lithium reserves into cathodes used to make electric-vehicle batteries.

Patriot Battery Metals hits back at short-seller report

Mining News Pro - Canadian lithium explorer Patriot Battery Metals refuted on Monday claims published in a short-seller report, stating the assertions made by Night Market Research were “factually inaccurate and misleading.”

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).

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.

South32 aims for downstream production of battery chemicals

Mining News Pro - Australian diversified miner South32 Ltd will consider moving into the production of manganese sulphate in the United States to take advantage of growing demand from the battery sector its chief executive said on Thursday.

Vale taps ex-Anglo CEO Cutifani to chair battery metals board

Mining News Pro - Vale SA recruited former Anglo American Plc boss Mark Cutifani to lead an independent board that will oversee its new base metals subsidiary, the Brazilian mining giant said on an earnings call Thursday.

IGO secure land for first integrated battery material facility in Western Australia

Mining News Pro - IGO Limited (ASX: IGO) and Wyloo Metals announced Friday that land has been secured at Kwinana for their proposed integrated battery material facility in Australia.

US-based researchers push for more realistic battery science

Mining News Pro - Battery researchers at the Pacific Northwest National Laboratory are proposing the idea of fundamental science taking into account the way industry works when it comes to developing EV components.

BMW bets on design and recycling, not mining, to lower battery costs

Mining News Pro - BMW is betting on efficient design and recycling to bring down battery costs and is steering clear of investing in mines, its finance chief said on Friday, setting it apart from some competitors digging deep into the supply chain.

Bolivia taps Chinese battery giant CATL to help develop lithium riches

Mining News Pro - Bolivia has chosen a consortium including Chinese battery giant CATL to help develop the South American country’s huge, but largely untapped, reserves of lithium after a lengthy bidding process involving firms from the United States and Russia.

US ‘battery belt’ widens with $3.5 billion Redwood Materials plant

Mining News Pro - With demand for electric cars soaring, America desperately needs a new battery supply chain. It appears to be coming.

EU inks deal with Chile for easier access to battery metals

Chile, the world’s top copper producer and the second largest lithium miner, will drop tariffs on all imports from the EU, except sugar, and make it easier for European companies to invest in the country, the European Commission said.

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.

Volkswagen searches for battery cell plant sites in Canada

Canadian Industry Minister François-Philippe Champagne signed the document — described as an addendum to a memorandum of understanding inked with VW in August this year — during his visit to Germany.

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