Companies have invested more than $100 billion in U.S. electric vehicle and battery manufacturing since the Inflation Reduction Act was passed two years ago. A long list of components go into those EVs and batteries — and the more of them that can be produced in the U.S., the better. On Tuesday, the Biden administration […]
Battery Metals
Copper’s unicorns
Tech venture capitalists invest in startups and get to call them unicorns. Startups like Juicero, famous for $700 a pop “smart” chopped fruit squeezers and being one of Silicon Valley’s dumbest moments, Wag! (oh? you have a dog walking app that sends updates on the frequency and consistency of pet number 2s? – here’s $300 million) and In-Real-Life […]
Copper price surpasses $10,000, expected to rise further, says Citigroup
Copper prices surpassed $10,000/tonne on Friday after Citigroup analysts predicted the industrial metal may retest that level on investor optimism over policy support in China. The world’s biggest consumer is widely anticipated to introduce further stimulus to upgrade its renewable energy infrastructure at the Third Plenum meeting in mid-July. These additional measures, specifically targeting domestic […]
Beyond 2024, nickel prices to increase steadily to 2028: Fitch
BMI – a unit of Fitch Solutions – is maintaining its nickel price forecast for 2024 at $18,000/tonne as excess supply continues to drag prices down from 2022 levels, the analyst said in its latest market report Nickel prices plummeted last year, with the 2023 average annual price dropping by 15.3% to $21,688/tonne from the $25,618/tonne seen in 2022, […]
Copper price surpasses $10,000, expected to rise further, says Citigroup
Copper prices surpassed $10,000/tonne on Friday after Citigroup analysts predicted the industrial metal may retest that level on investor optimism over policy support in China. The world’s biggest consumer is widely anticipated to introduce further stimulus to upgrade its renewable energy infrastructure at the Third Plenum meeting in mid-July. These additional measures, specifically targeting domestic […]
World’s largest sodium-ion battery goes into operation
China’s state-owned power generation enterprise Datang Group said on June 30 that it had connected to the grid a 50 MW/100 MWh project in Qianjiang, Hubei Province, making it the world’s largest operating sodium-ion battery energy storage system. The project represents the first phase of the Datang Hubei Sodium Ion New Energy Storage Power Station, […]
Vale picks mining veteran Usmar to lead base metals turnaround
Vale SA has selected veteran mining executive Shaun Usmar to take the helm of its base metals division as the Brazilian metals producer seeks to boost copper and nickel production, according to people familiar with the matter. The board of the Rio de Janeiro-based company chose Usmar to head Vale Base Metals, said the people, […]
Hydrogen trucks retreat from Australia as battery electric sales surge
Hydrogen fuel cell specialists Hyzon have announced plans to quit Australia even as sales of battery electric commercial trucks climb. For a while, it seemed like Hyzon had found something of a home in Australia. Recently, the American startup had announced pilot programs that would see its hydrogen fuel cells put to work in transit […]
Shares in China rare earth producers rise after new regulations
Shares in China’s largest rare earth producers rose on Monday after Beijing announced regulations aimed at protecting supplies of the strategic minerals in the interest of national security, a move some in the market said could potentially tighten supply. The regulations, issued on Saturday by China’s State Council, or cabinet, take effect from Oct. 1 […]
Apple May Use Electrical Debonding For Battery Replacement
As a result of the European Union’s push for greater repairability of consumer devices like smartphones, Apple sees itself forced to make the batteries in the iPhone user-replaceable by 2027. Reportedly, this has led Apple to look at using electroadhesion rather than conventional adhesives which require either heat, isopropyl alcohol, violence, or all of the […]