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Ammonia market to triple by 2050 with nearly all growth coming from low-carbon supply; shift to energy markets

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The global market for ammonia is poised to triple in the coming decades with nearly all of the growth coming from low-carbon ammonia, according to a new analysis by S&P Global Commodity Insights. The rapid growth in ammonia driven by low-carbon supplies will change the current market beyond recognition.

Market 195
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Cobalt Institute: cobalt market weakened since 2022 peak, but in longer term, demand will outpace supply

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The Cobalt Institute’s Cobalt Market Report, prepared by Benchmark Mineral Intelligence, finds that cobalt market conditions have weakened substantially since the price peak in 2022. This dynamic will likely remain through to 2024, the report says, as a plentiful and growing supply surplus maintains pressure on prices.

Supplies 259
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Volkswagen Group and Canada aim to advance sustainable battery supply chain in North America

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Volkswagen Group (Volkswagen AG) and the Government of Canada signed a Memorandum of Understanding (MoU) to promote e-mobility in the country and to explore opportunities across Canada’s automotive and battery supply chain. In addition, there are plans to establish a dedicated Gigafactory in North America.

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LG Energy Solution partners with 3 Canadian suppliers to augment cobalt, lithium supply chain in N America

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are in line with LG Energy Solution’s strategic vision to reinforce its key battery materials supply chain in North America. Under the terms, Electra will supply 7,000 tons of cobalt sulfate for three years starting in 2023. Electra is known to be the only supplier capable of refining cobalt sulfate in North America.

America 210
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Volkswagen Group of America and Redwood Materials to create US supply chain for EV battery recycling

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Volkswagen Group of America, Inc. Redwood) will collaborate to create a supply chain to recycle Volkswagen and Audi electric vehicle batteries in the United States, with the goal of providing accessible and more sustainable electric mobility for American drivers. VWGoA) and Redwood Materials, Inc.

America 243
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LG Energy Solution secures lithium supply for the North American market

Teslarati

LG Energy Solution (LGES) signed an offtake agreement with WesCEF to expand its lithium supply chain for the North American market. According to the agreement , WesCEF will supply the South Korean battery supplier with up to 85,000 tons of lithium concentrate. The South Korean company is a longtime Tesla supplier.

Supplies 134
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Snow Lake Lithium calls for the creation of a complete electric vehicle ecosystem across North America

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Seamless electrified ecosystem required from rock to road to secure the North American automotive industry Battery development and production is strategically important for the transition to clean-energy economy and to remain globally competitive Sustainable lithium mining and processing is an essential component of this ecosystem.