The exponential demand growth for cobalt is placing pressure on producers to increase supplies to cover the growing supply gap as electric vehicle (EV) penetration rates in auto production rise above 50% by 2030, new analysis by Bank of America Global Research has found.
News ID: 10333 Publish Date : 2021/08/31
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.
News ID: 10267 Publish Date : 2021/11/22
Scientists at Oak Ridge National Laboratory created a composite that increases the electrical current capacity of copper wires and can be deployed in any component that uses copper, including more efficient bus bars and smaller connectors for electric vehicle traction inverters, as well as for applications such as wireless and wired charging systems.
News ID: 9925 Publish Date : 2020/09/28
Italpresse Gauss, the Italian leader in fully automated, digitally enabled die casting technology, is set to deliver the first toggle-free two-platen die casting machine with a closing force of 5700t.
News ID: 7930 Publish Date : 2019/12/12
China’s production of automobiles came in at 2.59 million units in November. This was up 13% month-on-month and 3.8% year-on-year, the China Association of Automobile Manufacturers (CAAM) said on Tuesday, 10 December 2019.
News ID: 7894 Publish Date : 2019/12/10
According to a recent report, the BMW group is investing 400 million euros in restructuring its Dingolfing vehicle plant for the production of electric vehicles, including the highly automated BMW iNEXT. The update of the plant should be done by 2021 and the BMW iNEXT will be the first pure electric vehicle produced in Dingolfing.
News ID: 7724 Publish Date : 2019/12/03
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
Gränges, a global leader in aluminium engineering, manufacturing and innovation, has reportedly agreed to buy Polish aluminium producer Aluminium Konin for 2.3 billion Swedish crowns ($239 million). The news came after the company announced on Thursday, November 28, while also saying that this deal will help them expand presence in Europe and boost position in growth areas such as materials for electric vehicles.
News ID: 7592 Publish Date : 2019/11/28
Seojin System in South Korea is the first global customer to confirm an order for the new larger format Carat 560 two-platen die-casting machine.
News ID: 7589 Publish Date : 2019/11/28
Auto sector representatives expect China’s new energy vehicle market to pick up in 2020 as automakers roll out new products. They reiterated the need for supportive government policies.
News ID: 7559 Publish Date : 2019/11/26
South Korean electric vehicle (EV) battery producer SK Innovation is nearing completion of two overseas plants that will more than quadruple its production capacity. But the company acknowledges that it will take as long as a year to bring them up to full output.
News ID: 7071 Publish Date : 2019/11/01
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
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