Battery-material giant Ganfeng Lithium Group Co. said it would set up a derivatives-trading desk, in a sign the industry is seeking to hedge against risks after a period of extreme volatility and geopolitical tensions. Derivatives will be used to lower the risks of cross-border investments and to enhance financial stability, the Chinese producer said in […]
Lithium News
Portugal’s mining strategy may favour copper over lithium
Portugal’s government is finalising a strategic plan to explore for raw materials critical to the green transition, where copper could take on a more important role than lithium, the environment and energy minister said on Monday. Maria da Graca Carvalho said Portugal “fortunately has many critical raw materials for the green transition, such as copper, […]
Decades-Old Biology Technique Reveals Key to Prolonging Electric Aircraft Battery Life
A recent study has shown that a groundbreaking electrolyte solution, identified through a bioscience technique, has quadrupled the cycle life of batteries used in electric aircraft. When it comes to figuring out why electric aircraft batteries lose power over time, one typically wouldn’t think to turn to a decades-old approach biologists use to study the […]
Lithium Markets in Limbo: Next Leg Up or Down?
In the quest for electrification and cleaner energy sources, all eyes are on lithium, a.k.a. white gold, and how the market strives with battery prices continuing to fall. According to BloombergNEF, the dramatic lithium price dropping trend will persist for several years, making battery technology economically viable for global decarbonization efforts. Benchmark Mineral Intelligence echoes this sentiment, […]
Big Oil is Quietly Investing in the Lithium Revolution
Big Oil is quietly investing in the renewable revolution – not through solar and wind power, but through lithium. The ‘white gold’ is an essential ingredient in a laundry list of clean energy technology components, most notably the lithium-ion batteries used in electrical vehicles and for short-term energy storage – an essential stop-gap for variable […]
Chilean lithium to be eligible for US tax break
Products made with Chilean-mined lithium – used for electric-vehicle batteries – will be eligible for U.S. tax benefits, the Andean country’s government said on Thursday. Chile, the world’s largest copper producer and second-largest lithium producer, will be eligible for tax breaks laid out in the U.S. Inflation Reduction Act (IRA), which includes subsidies for electric […]
Global lithium sector eyes Argentina’s salt flats on tech test run
In a dusty plain in northern Argentina’s mountains, black tubes stretching two stories high fill a massive tank with salty brine sucked from deep below ground. The brine contains lithium, a silvery white metal essential for making electric vehicle batteries and in high demand as the world shifts to green energy. French miner Eramet (ERMT.PA), […]
The US just financed a $1.2B EV lithium-ion battery separator factory in Indiana
ENTEK just got a conditional $1.2 billion loan from the US Department of Energy’s (DOE) Loan Programs Office to build a lithium-ion battery separator factory in Terre Haute, Indiana. A battery separator plays an essential role in the performance and safety of a lithium-ion battery. A battery separator is a membrane sandwiched between a battery’s […]
SK On and Sakuu will jointly develop 3D-printed EV batteries
Global EV battery maker SK On now has a joint development agreement with Sakuu, the “world’s first manufacturing platform for printing battery electrodes.” Sakuu 3D prints fully functional batteries in custom shapes and sizes with patterned openings for thermal management in a fully dry process that doesn’t use solvents. The San Jose-based company says its […]
Battery maker SK On declares ‘emergency’ as EV sales disappoint, FT reports
South Korean electric vehicle (EV) battery producer SK On has declared itself in crisis as its customers struggle with disappointing EV sales in Europe and the U.S., the Financial Times reported on Sunday. Chief Executive Lee Seok-hee announced a series of cost-cutting and working-practice measures on Monday, describing them as a state of “emergency management”, […]