Nickel Energizing Batteries
Rise of Copper Theft
New EV battery designs unlikely to dampen metals demand, miners say
Aug 6 (Reuters) – Mining companies say they do not fear a plan by China’s CATL (300750.SZ) 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. The industry’s confidence is born […]
New EV battery designs unlikely to dampen metals demand, miners say
Aug 6 (Reuters) – Mining companies say they do not fear a plan by China’s CATL (300750.SZ) 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. The industry’s confidence is born […]
Biden’s Electric-Vehicle Target Is All About the Drive
A certain school of thought holds long-term targets as meaningless, as the people making them will no longer be in their job by the time they are proved right or wrong. That’s especially the case for a two-term limited U.S. president. But when it comes to Joe Biden and electric vehicles, it hardly matters whether […]
EV Batteries: The Next Victim of High Commodity Prices?
Ever-cheaper batteries over the past decade have made electric vehicles more price-competitive. But rising demand for EVs could now disrupt that trend. The race to secure key materials will become more crucial. Prices of battery materials have skyrocketed this year as EV demand jumps. Prices of lithium carbonate, used in cathodes, have doubled year-to-date, according […]
Tesla, BHP ink supply deal for nickel ahead of demand surge
Tesla will secure nickel from the commodity production giant BHP, the automaker’s latest move to secure direct sources of raw materials that are projected to surge in demand before the decade is out. BHP’s Nickel West division will supply an undisclosed amount of the mineral from its mines in Western Australia. The two companies also […]
China’s Ganfeng Lithium to invest $1.3 bln in battery production
Aug 5 (Reuters) – Ganfeng Lithium, the world’s biggest lithium company by market capitalisation, said on Thursday its subsidiary would invest a total 8.4 billion yuan ($1.3 billion) in two projects that will make “new-type” lithium batteries. China’s Ganfeng is best known as a supplier of battery-grade lithium to clients including electric vehicle (EV) maker […]
Copper’s run to record highs may not be over yet
Copper has had an impressive run so far this year and after a recent pullback from its record highs, tight supplies and rising demand for the industrial metal suggest prices may climb even higher. For the month, prices for most-active copper futures HGU21, -1.39% HG00, -1.39% look to score a nearly 3% gain, their third in four months — erasing […]
Copper price gains as world’s biggest mine preps for strike
Copper prices rose on Friday as a union at the world’s biggest copper mine, Chile’s Escondida, told workers to prepare for a strike, but gains were limited by a strengthening of the dollar after solid U.S. payrolls data. A stronger dollar makes metals costlier for buyers with other currencies. Benchmark copper was up 0.2% at […]
