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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Map of Western Australia showing the location of Global Lithium’s assets.

Supplies 259
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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

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SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs).

Supplies 293
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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% in the April report for the Institute for Supply Management’s Manufacturing Index. New Tungsten Production Will Open the Global Supply Chain.

Supplies 380
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S&P Global: looming shortfalls in copper supply will short-circuit net-zero goals absent significant new supply

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The challenge of meeting Net-Zero Emissions by 2050 “will be short-circuited and remain out of reach” unless significant new copper supply comes online in a timely way, according to a new study by S&P Global that examines the growing mismatch between available copper supply and future demand resulting from the energy transition.

Supplies 243
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Stellantis secures low-emission lithium supply for N American EV production from Controlled Thermal Resources

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and Controlled Thermal Resources Ltd. CTR) signed a binding offtake agreement for CTR to supply battery-grade lithium hydroxide for use in Stellantis’ North America electrified vehicle production. CTR will supply Stellantis with up to 25,000 metric tons per year of lithium hydroxide over the 10-year term of the agreement.

Supplies 186
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Battery Resourcers to open North America’s largest Li-ion battery recycling facility by August

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Battery Resourcers, a vertically integrated lithium-ion battery recycling and engineered materials company, plans to open a commercial-scale, lithium-ion battery recycling facility in Covington, Ga. —Michael O’Kronley, CEO and Director of Battery Resourcers. The opening of this facility will help meet that demand.

Li-ion 482
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S&P Global: US faces new challenges meeting increased demand for critical minerals spurred by IRA

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However, ensuring enough qualifying supply to meet that demand faces “considerable challenges,” according to a new analysis by S&P Global. The study then compares project demand post-IRA to available supply, given IRA rules around sourcing in terms of country of origin for production and processing.

Global 370