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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% As manufacturers set to ramp product back up to produce everything from automobiles, airplanes and construction tools, they will begin to return to normal production cycles.

Supplies 380
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Benchmark: China will increase share of global cathode production to 87% in 2030

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Data from Benchmark Mineral Intelligence’s Cathode Forecast shows that China is set to extend its dominance of cathode production by 2030, increasing its share of production from 78% in 2022 to 87% in 2030. China’s output of cathode active materials increased more than four times between 2018 and 2022. times in the same period.

China 243
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NextSource Materials to collaborate on battery anode plant in Madagascar with Japanese and Chinese partners

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executed a Letter of Intent (LOI) with its Japanese offtake partner and a leading Chinese processor of graphite anode material to collaborate on the construction of a value-add, battery anode plant in a jurisdiction that is proximal to the Company’s Molo graphite project in Madagascar. Canada-based NextSource Materials Inc.

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Volkswagen Group and Chinese manufacturer Ganfeng sign memorandum of understanding for long-term lithium supplies

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Consequently, there will be a rapid increase in our raw material demand for cell production in the coming years. The rapid increase in vehicle electrification in the automotive industry will have a major impact on global raw material markets. The global lithium demand is expected to more than double by 2023.

Chinese 268
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Schaeffler creating independent E-Mobility business division in 2018

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Global automotive and industrial supplier Schaeffler will create an independent E-Mobility business division as of January 1, 2018 to bring together all the products and system solutions for hybrid and pure battery electric vehicles. The sales potential of these contracts amounts to over one billion euros.

2018 186
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Since 2018, Bosch has won electromobility orders amounting to ~€13 billion

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Since the beginning of 2018, Bosch has won electromobility orders worth roughly €13 billion (US$14.4 billion), including production projects for electrical powertrains for passenger cars and light trucks. The Mobility Solutions business sector is again developing better than global automotive production in 2019.

2018 186
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Mercedes-Benz introduces #MoveSafety initiative with two-day hackathon; new app based on Chinese app

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The new app will be based on “Tuban Xiong”, an app which has already been successfully introduced to the Chinese market by Mercedes-Benz in 2018 and offers several functions especially aiming at increasing travel safety such as: Location Sharing, Trip Sharing, SOS-Call, Geo-Fencing, Bodyguard Service, Fake Call etc.

Mercedes 199