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Battery storage rise to fuel metals demand, says World Bank

Thu, 07/27/2017 - 09:40 -- News Editor
Battery storage rise to fuel metals demand, says World Bank

The global trend towards using clean energy systems such as battery storage technology will see “heightened demand” for minerals and metals including lead and lithium, according to a new World Bank report.

A shift to a low-carbon future “could result in opportunities for mineral-rich countries”, the report said. But it warned these nations must have “long-term strategies in place that enable them to make smart investment decisions”.

 

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Glencore ‘in triangular lithium deal’ with China’s CATL and VW

Tue, 07/18/2017 - 10:50 -- News Editor
Glencore ‘in triangular lithium deal’ with China’s CATL and VW

Switzerland-based mining company Glencore has reportedly signed a deal to supply cobalt materials to a Chinese lithium battery manufacturer – who would in turn sell batteries for Volkswagen’s (VW) electric vehicles.

According to Reuters, the deal would see Glencore sell up to 20,000 tonnes of cobalt products to CATL (Contemporary Amperex Technology Co Ltd), a China-based battery giant who also supplies EV batteries to carmaker BMW.

 

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Cobalt price doubles in 15 months

Tue, 04/25/2017 - 09:40 -- Xuan Zhong
Cobalt price doubles in 15 months

Data from the London Metal Exchange, a global industrial metals trading website, showed cobalt, a main material used in lithium-ion batteries, has doubled in price since January 2016 (see the graph), the fact might put pressure on electric vehicle makers.

The international price of cobalt rose to $55,000 per tonne in early April this year, which is twice as much as the price recorded in the beginning of last year, around $24,000 per tonne.

 

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3M and LG Chem join forces to expand use of NCM

Thu, 08/20/2015 - 12:30 -- paul Crompton
3M and LG Chem join forces to expand use of NCM

US firm 3M and LG Chem have joined forces to expand the use of nickel, cobalt, manganese (NCM) in lithium-ion batteries. 

The new patent licence agreement aims to accelerate the adoption of NCM technology in electric vehicles, said 3M Electronics Materials Division business manager Christian Milker.

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