Natron Energy said on Thursday it planned to invest $1.4 billion in a sodium-ion battery manufacturing plant in North Carolina, potentially raising the company’s production capacity by 40 times. The facility, located in Edgecombe County of the state, will produce 24 gigawatts (GW) of battery storage at full capacity on an annual basis. This compares […]
Battery Metals
Iron ore price hits over 14-mth low as weak China property data clouds demand outlook
Iron ore futures prices extended their declines to a fourth straight session on Thursday, hitting their lowest level in more than 14 months, as persistently weak property data in top consumer China exacerbated pessimism over the demand outlook. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 2.09% lower […]
Gold price falls 1% as chances of larger Fed rate cut dwindle
Gold prices fell over 1% on Wednesday after data showed US consumer prices rebounded as expected in July, pouring cold water on expectations of a sizeable Federal Reserve rate cut next month. Spot gold fell about 1% to $2,443.41 per ounce by 12:50 p.m. ET, while US gold futures slipped 1.1% to $2,481.60 an ounce. […]
Gold price nears month high ahead of US inflation data
Gold prices broke out of a slump on Monday as traders await key US economic data that may boost the chances of a Federal Reserve pivot to monetary easing next month. Spot gold gained 1.5% as of 1:35 p.m. ET to $2,466.28 per ounce, near its highest in a month. US gold futures surpassed the $2,500 […]
Australia’s fledgling batteries downstream sector at a crossroads
Australia’s efforts to establish a downstream lithium sector were dealt another blow last week when Albemarle (NYSE: ALB) suspended parts of its Kemerton hydroxide plant, south of Perth. The Kemerton facility was planned to have four 25,000 tonne-per-annum production trains, with the first two being completed in 2022, later than expected and over budget. Following a review […]
Koehler-Chung battery recycling bill becomes Illinois law
Gov. JB Pritzker on Friday signed a battery recycling law sponsored by State Rep. Sharon Chung of Bloomington and State Sen. Dave Koehler of Peoria. Under the law, battery sellers or distributors will have to develop a recycling stewardship program for small- to medium-sized batteries by 2026. Medium-sized batteries include those made for electric bikes […]
Gold price on pace for worst week since early June
Gold steadied on Friday after a sharp upturn in the previous session, as new US economic data assuaged concerns of a recession and made the safe haven metal less attractive to investors. Spot gold was little moved at $2,428.66 per ounce, having posted its biggest one-day surge in three weeks at 1.9% the day before. […]
Meet the new U.S. battery lobby
Domestic companies in the battery supply chain are launching a new industry coalition that seeks stronger support for U.S. projects. Why it matters: Battery Advocacy for Technology Transformation aims to occupy a unique lobbying role in the crowded space. Former high-level Energy Department officials steeped in battery and materials policy are running the effort. It aims to […]
BHP seeking buyer for gold, copper mines in Brazil
BHP Group Ltd., the world’s No. 1 miner, is planning to sell Brazilian copper and gold assets it acquired with the takeover of Oz Minerals Ltd., according to people familiar with the matter. The company’s acquisition of Oz Minerals in May 2023 was its biggest deal in more than a decade and included buying an untapped gold […]
NIO eclipses 50 million battery swaps, providing evidence that drivers prefer the charge method
NIO’s industry-leading battery swap technology is continuing to gain prowess as the Chinese EV company hits another milestone. Yesterday evening, NIO hit 50 million cumulative battery swaps, providing evidence that the EV charging method is not only viable but also preferred by many drivers. NIO ($NIO) continues to show the world EV why it is […]
