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raw materials

BMW to sign 10-year cobalt and lithium supply contracts

Mon, 02/19/2018 - 11:41 -- Xuan Zhong
BMW to sign 10-year cobalt and lithium supply contracts

Germany’s BMW Group is set to sign 10-year contracts to secure supplies of cobalt and lithium for production of electric vehicle batteries, the auto giant has told BBB.

A BMW spokesperson confirmed contracts would be signed with more than one supplier “in the near future”— but declined to name the firms involved.

 

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Chinese firms ink Li-battery materials pipeline deal

Mon, 02/19/2018 - 11:33 -- Xuan Zhong
Chinese firms ink Li-battery materials pipeline deal

Two Chinese companies have signed an international raw materials supply chain deal aimed at creating “one of the most technologically-advanced lithium battery cathode material manufacturers” in the country.

BCL, a wholly-owned subsidiary of Hong Kong-based investments firm Burwill, agreed the deal with Chinese lithium battery materials provider Hunan Changyuan Lico on 9 February.

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New fund ‘to target EV battery investments’

Mon, 01/22/2018 - 12:06 -- John Shepherd
New fund ‘to target EV battery investments’

A new equities fund targeting investments in batteries and raw materials to support the development of electric vehicles is reportedly set for launch next month.

The ‘Westbeck Electric Metals Fund’, backed by oil-focused hedge fund company Westbeck Capital Management, aims to raise $100 million in 2018, according to Reuters.

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Magnis wins fresh gigafactory deals

Tue, 09/05/2017 - 10:47 -- News Editor
Magnis wins fresh gigafactory deals

Australian graphite producer Magnis Resources is to supply raw materials to the German start-up behind plans to build two gigafactories in Europe.

Magnis said it has signed a deal with TerraE Holding GmbH, which recently formed a consortium of 17 (now 18) major companies and research institutions – and plans a total of 34GWh of production capacity across two lithium-ion battery cell production plants in Germany.

 

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