Green Car Congress

OCTOBER 24, 2021

A cross-industry group of European metals-producing and -using industries and their workers have issued a warning about the potentially catastrophic impact of the Chinese magnesium supply shortage. Magnesium is a key alloying material and widely used in the metals-producing industry.

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Chinese Supplies Industrial Industry 170

Green Car Congress

FEBRUARY 26, 2022

Russia’s invasion of Ukraine threatens to increase costs for Europe’s vehicle industry, which is already struggling with record high lithium prices and a shortage of semiconductor chips, according to Benchmark Mineral Intelligence.

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Ukraine Auto Industry Industrial Industry 334

Green Car Congress

JUNE 26, 2023

Saudi Arabia has cut a number of deals recently that coud make the country’s lithiu-ion supply chain the most developed in the Middle East, according to an analysis by Benchmark Mineral Intelligence. Spodumene prices are currently around $3,650 a tonne, according to Benchmark’s Lithium Price Assessment. Earlier post.)

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Saudi Arabia Supplies Building Chevron 170

Green Car Congress

DECEMBER 7, 2022

Rising raw material and battery component prices and soaring inflation have led to the first increase in lithium-ion battery pack prices since BloombergNEF (BNEF) began tracking the market in 2010. BloombergNEF expects prices to stay at similar levels next year, further defying historical trends.

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Li-ion 2010 Price Battery 414

Green Car Congress

APRIL 16, 2022

Benchmark Mineral Intelligence has launched a Lithium-ion Battery Raw Material Price Index. Benchmark assembles the index using its market-leading price assessments including the IOSCO-accredited lithium, nickel, and cobalt prices. NCM Mid-Nickel (5, 6, and 7 series blends, e.g., NCM 523, NCM 622). LFP (lithium iron phosphate).

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Li-ion Price Lithium Ion Nickel Lithium 335

Green Car Congress

DECEMBER 13, 2020

On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper prices plunged 27% to a low of US$4,617/t in late March as the global impact of COVID-19 became apparent, but copper stabilized and then began to rise, completing a full recovery to its January starting point by the end of July.

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Price Chinese 2020 2000 541

Green Car Congress

FEBRUARY 23, 2020

Researchers at the US Geological Survey (USGS) and its partners have developed a new methodology to identify which mineral commodities important to US manufacturing are at greatest risk to supply disruption. The methodology evaluated the global supply of and US demand for 52 mineral commodities for the years 2007 to 2016.

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Supplies Manufacturer 2007 2016 529

Green Car Congress

NOVEMBER 25, 2020

Despite the trend toward transportation electrification, the lithium industry has had a rough few years. In its new Lithium Outlook to 2030 report, Roskill notes that the prolonged downward trend for lithium compound and mineral concentrate prices has caused a difficult environment for many lithium producers since 2018.

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Recharge Li-ion Industrial Industry 334

Green Car Congress

APRIL 2, 2022

Benchmark Mineral Intelligence held its inaugural Battery Megafactories Europe 2022 event in Berlin; the event zeroed in on a number of pertinent points for the continent’s EV and battery supply chain. Lack of supply is not due to any geological constraints but to a simple lack of capital investment to build future mines.

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Supplies Europe Lithium Ion Auto 284

Green Car Congress

OCTOBER 9, 2021

Prices of lithium carbonate assessed by Benchmark Mineral Intelligence have reached new highs on the back of limited supply and sustained lithium-ion battery demand in China. Benchmark’s EXW China (Battery) grade of lithium carbonate rose by 26.5% to RMB 160,000/tonne ($24,800) in the final two weeks of September 2021.

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Carbon Price Lithium Ion China 243

Green Car Congress

MAY 11, 2022

The US price of ammonia, the primary source of nitrogen fertilizer, has risen by a factor of six in the past two years, and most of these increases have occurred since March 2021, according to the US Energy Information Administration (EIA). Although US natural gas prices also rose, they ended the 2021–22 heating season at close to $5.00/MMBtu,

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Price International Gas United States 259

Green Car Congress

FEBRUARY 20, 2021

On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. However, wire rod demand from the wire and cable industry as a whole is said to be tepid. The true direction of prices in 2021 will only be revealed once Chinese traders return and assess their appetite for the metal in March, Roskill said.

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Price Peru Chinese Chile 399

Green Car Congress

MAY 3, 2023

SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. SKIET plans to supply separators produced at its Changzhou factory in China to Sunwoda.

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Supplies Battery Batteries South Korea 199

Green Car Congress

MAY 11, 2023

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.

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Supplies Market North America Philippines 259

Green Car Congress

JULY 27, 2022

Although the current 10-fold price spike of lithium is giving the electric vehicle market a sharp short-term shock, a study by a team from Tsinghua University indicates that it will not hinder transportation electrification in the long run. Contrary to anticipation, the global LIB supply chain is currently haunted by market fluctuations.

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Price Supplies Nickel Lithium Sodium 199

Green Car Congress

FEBRUARY 20, 2020

The element is often recovered as a byproduct from mining copper and nickel, meaning that demand and pricing for those other metals affects the availability of cobalt. They estimated supply from scheduled and unscheduled production as well as secondary production to range from 320 to 460 ktonnes. Xinkai Fu, Danielle N.

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Supplies Battery Batteries Congo 349

Green Car Congress

DECEMBER 13, 2022

According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. November prices rose 0.9% ($422) month over month from October 2022 and were up 4.4% ($2,250) from year-earlier levels. in October.

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Price Dealers Vehicles Land Rover 210

Green Car Congress

AUGUST 5, 2023

The lithium industry needs to invest $116 billion by 2030 if the world is to meet the ambitions targets set by governments and the largest automakers, according to a Benchmark analysis. This is more than double the $54-billion investment needed to meet Benchmark’s base case lithium demand scenario. TWh in the base case to 6.1

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Industrial Industry Lithium Ion General Motors 369

Green Car Congress

DECEMBER 12, 2021

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit.

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Price Oil Asia Gas 416

Green Car Congress

FEBRUARY 14, 2023

The average transaction price (ATP) of a new vehicle in the US declined slightly in January 2023 to $49,388, a decrease of 0.6% ($310) from December’s record high and up 5.9% ($2,768) from levels one year earlier. The average price paid for a new EV decreased in January by $3,363 (down 5.4%) compared to December. year over year.

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Price Lexus Tesla Sale 199

Green Car Congress

JANUARY 18, 2023

Raven SR signed memoranda of understanding (MOU) to supply sustainable aviation fuel (SAF) to All Nippon Airways (ANA) and to Japan Airlines (JAL) for major global routes. Each MOU provides for an initial 50,000 tons of SAF supply in the first year, 2025, with annual incremental increases to 200,000 tons for year 10.

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Supplies Fuel Waste Hydrogen 210

Green Car Congress

JULY 15, 2022

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.

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Supplies Global Energy Emissions 243

Teslarati

MAY 7, 2024

Chinese automaker Nio and BYD are considering a battery supply collaboration. According to Reuters ‘ sources, Nio aims to compete directly with Tesla with its new EV brand, which will be in a lower price range. The post Nio & BYD consider battery supply collaboration appeared first on TESLARATI.

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BYD Supplies Battery Batteries 79

Green Car Congress

AUGUST 25, 2017

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

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Oil Prices Oil Industrial Industry 170

Green Car Congress

NOVEMBER 13, 2022

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. —Allan Ray Restauro, metals and mining analyst at BNEF and lead author.

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Supplies Canada South Korea Battery 195

Green Car Congress

APRIL 30, 2022

Chinese lithium and cobalt sulfate prices fell this month as strict COVID-19 lockdowns in Shanghai and elsewhere limit demand in the world’s largest electric vehicle market. Prices for cobalt sulfate fell by 6%, according to Benchmark’s Cobalt Price Assessment. There has been a little bit of softness in pricing.

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Price Chinese Sale Battery 279

The Truth About Cars

FEBRUARY 26, 2024

This is according to a report from Cox Automotive , which stated that the month of February opened with the industry seeing an average new vehicle supply of 80 days. However, the figure still doesn’t match the supply averages seen at the start of 2020. Toyota had the lowest by far with a supply of just 38 days.

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Supplies Vehicles Land Rover Buy 110

Green Car Congress

FEBRUARY 17, 2020

Niobium is a metal primarily used by the steel industry as a ferroalloy strengthening element. Adding niobium reduces the amount and weight of steel required, an important feature for the automotive industry but also for infrastructure. Another key characteristic of the niobium market is its highly concentrated supply.

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Li-ion Industrial Industry Lithium Ion 378

Green Car Congress

MAY 23, 2021

Around 80% of the approximately 7,500 GWh produced by the wind park will be supplied as green electricity for innovative technologies for CO 2 reduction and thus power the transformation of BASF sites in Germany, especially the Verbund site in Ludwigshafen. RWE will develop, build and operate the wind park. BASF will own a stake.

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Wind Hydrogen Green Industrial 416

Green Car Congress

APRIL 13, 2023

The average price paid for a new EV increased by $313 (up 0.5%) in March 2023 compared to February 2023. The average new EV sold for $58,940 in March, according to Kelley Blue Book (KBB) estimates—well above the industry average. New EV pricing peaked in 2022, coming down steadily since Q3 of last year. in January 2023.

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Price Land Rover Kia Ferrari 210

Green Car Congress

JULY 13, 2021

Electric Last Mile Solutions (ELMS), a designer of intelligent, e-mobility workstations for the last mile, signed a binding, long-term supply agreement with Liuzhou Wuling Automobile Industry Co., Urban Delivery is expected to enter the US market at a starting price of approximately $25,000, after incentives.

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Miles Supplies Motors Motoring 259

Green Car Congress

OCTOBER 2, 2020

US President Donald Trump issued an Executive Order declaring a “national emergency” to deal with the threat to US security, foreign policy and economy from its “undue reliance” on supplies of critical minerals from “foreign adversaries”—specifically China. American producers depend on foreign countries to supply and process them.

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Supplies United States China Economy 332

Teslarati

JANUARY 8, 2024

Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. The data shows that the average sticker price of a Tesla dropped throughout the year to reach $50,051 in December.

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Price Market Tesla Tax Credit 122

Green Car Congress

DECEMBER 24, 2021

The zero-emission electric commercial vehicle market has a challenge at its core: battery sourcing and supply conditions. It’s critically important to understand the issues and complexities of the commercial vehicle industry’s battery needs and challenges.

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Commercial Supplies Battery Batteries 186

Teslarati

MARCH 23, 2023

Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. But how could this affect Tesla pricing?

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Price Tesla Chinese China 144

Green Car Congress

JANUARY 12, 2023

The average transaction price (ATP) of a new vehicle in the US hit a record high in December at $49,507—an increase of 1.9% ($927) from November and up 4.9% ($2,297) from year-earlier levels. However, the average price paid for a new EV decreased in December by $3,594 (down 5.5%) compared to November and ended the year lower by 0.6%.

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Price Vehicles Land Rover Tesla 210

Teslarati

FEBRUARY 15, 2024

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.

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Supplies Market Arizona Energy 121