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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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BMW Group extends joint venture contract in China until 2040

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The agreement on the contract extension was signed by the two joint venture partners back in October 2018, on BBA’s 15 th anniversary. The corresponding amendment to the contract comes into force with the new “business licence”, which BBA received today from the relevant Chinese authorities. CBA), indirectly holds the remaining 25%.

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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. Northern believes there are opportunities to expand production and extend the mine life.

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

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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. This also means they will face their usual litany of production challenges. for production and manufacturing, and tungsten is among them. government.

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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.

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Nissan unveils LEAF-based Sylphy BEV at Auto China 2018

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Nissan unveiled the Nissan Sylphy Zero Emission, Nissan’s first electric car made in China for Chinese consumers, at Auto China 2018 in Beijing. The Sylphy offers a drive range of 338 kilometers (210 miles), according to official Chinese standards, based on SMVIC results referencing NEDC standards and depending on driving conditions.

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Tesla reports net profit, positive cash flow and better margins for Q3 2018 on Model 3 successes

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For the third quarter of 2018, Tesla reported GAAP net income of $312 million; free cash flow of $881 million, supported by operating cash flow of $1.4 Q3 2018 was a truly historic quarter for Tesla. Production in China will be designated only for local customers. billion; and a Model 3 GAAP gross margin of more than 20%.

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