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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). Founded in 1991, GEM (Global Emerging Markets) is a $3.4-billion billion alternative investment firm with offices in Paris, New York, and the Bahamas.

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Rough road for EV industry

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Tesla isn’t the only EV manufacturer facing these hurdles. They are forming joint ventures with battery material manufacturers to build factories that will ensure future battery deliveries will be reliable and affordable. Building a domestic supply chain isn’t just a priority for manufacturers.

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GlobalData: Global lithium production to triple over the next four years

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per annum, global output is expected to triple between 2018 and 2022 to reach 154kt (metal content), as 86kt of new metal capacity comes on stream to meet the increasing demand for the metal for use in batteries in electric vehicles and smartphones. million tons; Bolivia, 9 million tons; Chile, 8.4 million tons.

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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

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China continues to dominate BloombergNEF’s (BNEF) global lithium-ion battery supply chain ranking, for the third time in a row, for both 2022 and its projection for 2027, due to continued support for the electric vehicle demand and raw materials investments. —Ellie Gomes-Callus, metals and mining analyst at BNEF.

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GM leads $50M funding round in EnergyX; advanced lithium extraction and refining technology

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The EnergyX team of scientists and engineers have worked relentlessly for five years developing cutting-edge DLE technology to solve the immense bottlenecks that have limited global lithium production and supply chain. his single bottleneck (a massive lithium shortage) is the biggest challenge to scaling EV production.

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Ford building new $1.6B plant in Mexico for small cars

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billion in a new small car plant in Mexico, building a new manufacturing site in San Luis Potosi State. This investment comes during Ford’s 91 st year in Mexico, including manufacturing vehicles since 1925. Mexico is Ford’s fourth-largest vehicle manufacturing site for global customers—behind the US, China and Germany.

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BMW Group to source lithium from Livent

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Livent will supply the lithium directly to the BMW Group’s battery cell manufacturers from 2022 on. The salt lakes in the border region between Argentina, Bolivia and Chile are home to roughly half the world’s lithium reserves. The value of the multi-year contract will total around €285 million.

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