Battery Metals

Toyota Motor Corporation of Japan is one of the world’s largest carmakers. The company has faced criticism for being slow to develop electric vehicles (EVs). This week, Toyota announced that it had reached a “technological breakthrough” in the development of solid-state batteries. The company said it has overcome an issue with the durability of solid-state batteries. It said it […]

Lithium ion battery prices rose for the first time this year, according to Benchmark Minerals. The agency said the global weighted average lithium ion battery price rose 3.8% in May 2023 to $110.7/kWh, compared to the previous month. Battery prices are particularly being impacted by lithium carbonate prices in China, which increased by 55% in […]

Toyota Motor will receive a roughly $853 million (120 billion yen) subsidy from the Japanese government to expand the production of electric vehicle batteries, in a bid to boost domestic output and become less dependent on Chinese-related supply chains, according to Nikkei. The monetary aid comes as Japanese companies – led by Tesla supplier Panasonic […]

The U.S. Department of Energy is making $192 million available for battery recycling advancements and the launch of a battery research and development consortium. The investment brings the grand total the Biden administration has dedicated to EV and battery technologies close to $3 billion. “With the demand for electric vehicles (EVs) and stationary energy storage […]

The nominee to be the next US ambassador to Malaysia said on Tuesday he saw the potential for the United States to expand cooperation with the Southeast Asian country in diversifying supply chains for rare earths and other critical minerals. Edgard Kagan, a career diplomat who is currently the senior official for East Asia at […]

Australia’s rare earth developer Hastings Technology Metals said on Tuesday it signed a non-binding agreement with Canada’s Neo Performance Materials to supply rare earth concentrate from its Yangibana project in Western Australia. Hastings said it would supply up to 25,000 tonnes per annum of concentrate for Neo’s downstream processing facilities across Europe and Asia from […]

Aerospace and Defense company BAE Systems will provide its Gen3 electric drive system to Nova Bus as part of North America’s largest battery electric bus order to date, which consists of 1,229 vehicles. The electric people-carriers built by Nova Bus with BAE Systems’ drive units will be used by the 10 transit authorities members of […]

The company behind an advanced battery factory slated for Buckeye has received a conditional commitment for a federal loan of $850 million to build the facility. The U.S. Department of Energy loan would finance KORE Power’s construction of a 1.33 million-square-foot facility to make batteries for electric cars and trucks and energy storage systems for […]

General Motors will join Ford in adopting Tesla’s North American charging plug standard and give GM electric-vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM’s move, which follows a similar decision by Ford to embrace Tesla’s charging plug standard, means three of the top EV sellers in the North American […]

Australia’s Nickel Industries said on Friday it planned to raise A$943 million ($633.32 million) and had executed an agreement to reduce its investment in the Excelsior Nickel Cobalt (ENC) project in Indonesia. Under the latest placement, the company will issue about 20% of its shares to PT Danusa Tambang Nusantara, a subsidiary of Indonesia’s PT […]