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Roskill: rare earth magnet applications to account for ~40% of total RE demand by 2030, up from 29% in 2020

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Roskill expects that rare earth permanent magnet applications represented 29% of total demand in 2020—the largest single end use—consuming a mixture of neodymium (Nd), praseodymium (Pr), dysprosium (Dy), along with other elements used at fillers such as cerium (Ce) and gadolinium (Gd).

2020 418
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Xpeng delivered 27k EVs in 2020; 5,700 in December

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Xpeng Inc, a Chinese smart electric vehicle company, announced its vehicle delivery results for December 2020, the fourth quarter and year-ended December 31, 2020. In the fourth quarter 2020, 8,527 P7s were delivered. A total of 11,979 G3s were delivered in 2020.

2020 321
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Chinese researchers develop new alloy for on-board hydrogen production for fuel cells

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Researchers from the Chinese Academy of Sciences and Tsinghua University have used a gallium, indium, tin and bismuth alloy to generate hydrogen, when placed in contact with an aluminum plate immersed in water. The hydrogen is then used in a PEM fuel cell. —Xu et al.

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LME copper prices hit 7-year high

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On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper has charted an unlikely trajectory through 2020, notes Roskill. Copper prices since 1 Jan 2020. Underlying Chinese consumption is actually performing much better than most analysts believe, Roskill said.

Price 541
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Toyota, 5 Chinese companies establish R&D JV for commercial vehicle fuel cell systems in China

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Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., Plans call for FCRD to be established in Beijing during 2020. GAC Group); Beijing Automotive Group Co., BAIC Group); and Beijing SinoHytec Co., Each company will invest in the joint venture.

Chinese 405
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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

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This marks a 6% drop from $140/kWh in 2020. Since September, Chinese producers have raised LFP prices by between 10-20%. Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF).

Price 469
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Roskill: Yahua-Tesla deal indicative of increasing capability and numbers of Chinese lithium convertors

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On 29 December 2020, Sichuan Yahua Industrial Group announced thatits subsidiary, Yahua Lithium, had signed a five-year supply agreement with Tesla. Yahua Lithium commissioned the Ya’an plant in May 2020 with 20ktpy of capacity for battery-grade lithium hydroxide.

Chinese 305