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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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Ideanomics’ MEG Group announces delivery of first EV taxi order to Chengdu; Geely to supply 15,000 taxis

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The remaining 11,000 taxis, with an additional sales value of approximately US$130 million (RMB 926 million), are part of an ongoing delivery schedule beginning 1 October 2019 and running through 31 December 2019—up to 12 months ahead of the contracted delivery deadline of December 31, 2020 for this initial order.

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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. The US Department of Energy (DOE) closed on a $504.4-million Rendering of Advanced Clean Energy Storage salt cavern.

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Roskill: Rising prices could be new norm for lithium industry

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In its second quarterly update to its Lithium: Outlook to 2030, 17 th Edition report, Roskill maintains the view that future refined lithium supply will remain tight, with a period of sustained supply deficit in the mid-2020s. The lithium-ion battery supply chain does not only depend on lithium.

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EIA: As of 2021, China imports more LNG than any other country

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Source: Graph by the US Energy Information Administration, based on data from Japan’s Ministry of Finance, China’s General Administration of Customs, South Korea’s Customs Institute, India’s Directorate General of Commercial Intelligence and Statistics, and Taiwan’s Ministry of Finance via Global Trade Tracker. Bcf/d in 2021.

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BNEF: E-buses to surge even faster than EVs; supply of cobalt potential risk to the pace of growth

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The electrification of road transport will move into top gear in the second half of the 2020s, due to tumbling battery costs and larger-scale manufacturing, with sales of electric cars surging to 28%, and those of electric buses to 84%, of their respective global markets by 2030. Source: Bloomberg New Energy Finance. and 17% in Japan.

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Harley-Davidson to spin-out LiveWire electric motorcycle division as public company via SPAC; $545M in proceeds

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This transaction will give LiveWire the freedom to fund new product development and accelerate its go-to-market model. A decade in the making, LiveWire was established as a separate Harley-Davidson division in 2019. This approach means we get to market faster, with less bespoke engineering required for each incremental model.