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New EU forum to support Batteries Alliance

Thu, 06/27/2019 - 12:18 -- John Shepherd
New EU forum to support Batteries Alliance

A new batteries research and innovation forum— the Batteries Europe Platform— has been launched by European Union energy chief Maroš Šefčovič.

Šefčovič (pictured) said the initiative would be a forum setting out Europe’s strategic research and innovation needs and linking existing EU-backed funding programmes to support the European Batteries Alliance.

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Experts warn on ‘raw material cost’ of powering EVs

Fri, 06/07/2019 - 13:07 -- John Shepherd
Experts warn on ‘raw material cost’ of powering EVs

Experts have warned that producing a new generation of electric vehicles— and supplying the electricity to keep their batteries charged— will add up to costly and “huge implications” for the world’s natural resources.

The UK alone would need just under twice the current annual world cobalt production to meet its EV targets for 2050, according to a letter to government climate change advisers co-authored by the head of earth sciences at the UK’s Natural History Museum, Prof Richard Herrington.

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Umicore tightens cobalt supply grip with Glencore deal

Wed, 05/29/2019 - 10:28 -- John Shepherd
Umicore tightens cobalt supply grip with Glencore deal

Swiss mining company Glencore has signed a deal to supply cobalt hydroxide for Umicore’s battery materials operations.

The long-term revolving agreement comes just days after Umicore announced it was expanding with its planned acquisition of Freeport Cobalt’s cobalt refining and cathode precursor activities in Finland.

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Lawmakers push for US battery materials security

Wed, 05/08/2019 - 15:12 -- John Shepherd
Lawmakers push for US battery materials security

US lawmakers are backing draft legislation aimed at cutting the country’s “damaging” dependence on imports of materials, including those “critical”  to expanding battery storage and electric vehicle (EV) technology.

A bipartisan group of senators say the American Mineral Security Act is needed to help reduce reliance on countries such as China. 

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EU to launch battery raw materials investment fund

Fri, 05/03/2019 - 13:38 -- John Shepherd
Maros Sefcovic

Two of Europe’s leading institutional banks are set to back the launch of a raw materials investment facility to support future batteries production in the EU.

The European Investment Bank and the European Bank for Reconstruction and Development (EBRD) will underpin the facility which could be launched by the end of this year, EU energy chief and European Commission vice-president Maros Sefcovic has revealed.

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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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