Tag: batteries
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China’s EV Battery Industry Headed in Two Seemingly Opposite Directions
Chinese chemicals manufacturer Jiangsu Lopal Tech announced a new joint venture with a Chinese fertiliser company to build a new factory to manufacture materials for use in lithium iron phosphate (LFP) batteries that are used to power electric cars. When fully operational, the new plant ...
Analysts: Chinese Consolidation in the Cobalt Sector Not Likely to Impact Prices
The Chinese cobalt and copper mining giant China Molybdenum's recently announced plans to invest $2.5 billion in its already massive Tenke Fungurume Mining (photo) in the Democratic Republic of the Congo prompted new concerns that heightened Chinese control over the cobalt sector would push up prices of the ...
Automakers Keen to Reduce Reliance on Cobalt-Powered EV Batteries
Rumors are buzzing within the Chinese auto industry that Tesla is trying for the first time to produce a car without a cobalt-powered battery. Tesla is reportedly considering the use of Chinese EV giant BYD's LFP (Lithium iron phosphate) Blade battery. ...
Record EV Sales in China Pushes Up the Price of Cobalt and Other Battery Materials
Chinese car buyers are snapping up electric-powered vehicles in record numbers. In the first half of the year alone, automakers sold 1.2 million new energy vehicles and almost a quarter of a million in June alone.
China’s Role in the Complex, Brutal History of Cobalt Mining in the DR Congo
The New Yorker magazine published a sweeping long-form article in its latest edition that delves into the painful history of Congolese cobalt -- a metal that is now indispensable for any consumer who owns a mobile phone and a strategic resource that is in the ...
China Controls 90% of the World’s Manganese Market, Another Strategic Ingredient for Electric Vehicle Batteries
Governments and automakers in the U.S., Europe and Asia have become steadily concerned in recent years over China's dominance of the strategic minerals and metals supply chains that are used to manufacture batteries for electric vehicles. Their primary concern ...
Glencore’s CEO Warns Western Automakers About China’s Control of Congolese Cobalt
The CEO of the world's largest cobalt mining company issued a stern warning to U.S. and European automakers that they had better get their acts together to secure supplies of this precious metal or else risk becoming dependent on China for batteries to power their electric vehicles. ...
Demand for EV Battery Materials is Surging Putting Renewed Focus on Where These Strategic Resources Come From and China’s Role in Processing Them
With new electric-powered sports cars like Ford's Mach-E and Audi's e-tron Quattro selling well, demand is surging for the strategic minerals and metals that are used to make the batteries in those vehicles. Sales of lithium, cobalt, nickel, and graphite