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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).

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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.

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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.

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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., SinoHytec’s YHTG80 80 kW fuel cell system.

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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. This reflects the relative immaturity of these markets, the diverse range of applications and, for the higher end of the range, low volume and bespoke orders. Since September, Chinese producers have raised LFP prices by between 10-20%.

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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.

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GlobalData: Coronavirus threatens China’s battery sector dominance; 26 GWh hit in 2020

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China’s attempt to fight the coronavirus outbreak has led to delayed production across a number of battery production facilities located in key coronavirus hit provinces and is expected to lower the output of Chinese battery manufacturers by around 26 GWh in 2020. —Sneha Susan Elias, Senior Power Analyst at GlobalData.

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