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Umicore starts industrialization of HLM manganese-rich battery materials technology for EVs

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Umicore is starting the industrialization of its manganese-rich HLM (high lithium, manganese) cathode active materials (CAM) technology and is targeting commercial production and use in electric vehicles (EVs) in 2026.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

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Roskill sees recovery in lithium industry, buoyed by demand from rechargeable battery applications

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Despite the trend toward transportation electrification, the lithium industry has had a rough few years. In 2019, rechargeable batteries accounted for 54% of total lithium demand, almost entirely from Li-ion battery technologies. In 2019, monthly average lithium carbonate prices fell 36% between January and December.

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Hyundai signs MOU with South Korean government and industry partners to demo EV battery leasing business

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Hyundai Motor Company recently signed a memorandum of understanding (MOU) to work with the South Korean government as well as logistics, battery and mobility companies to demonstrate the electric vehicle (EV) battery leasing business. KST Mobility then pays a monthly fee for battery usage.

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DOE: cobalt is the most expensive material used in lithium-ion battery cathodes

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With the accelerating transition to electric vehicles (EVs), demand for the materials used to produce batteries will increase significantly and rapidly. Aside from the lithium needed to produce modern lithium-ion batteries, much attention is focused on the cost of the materials used for EV battery cathode production.

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Lithium-ion battery recycler ABTC expands operations and capacity with newly purchased facility

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The demand for domestically produced and sustainably sourced battery metals has grown at a near insatiable rate over recent years, as the domestic manufacturing capacity of lithium-ion batteries has grown exponentially from less than 50 GWh/year to now more than 700 GWh/year of operational and announced capacity.

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Rivian R1EVS to join fleets in the mining industry

Teslarati

Rivian’s R1 vehicles will join fleets in the mining industry. Rivian recently entered an exclusive global partnership with MEVCO (Mining Electric Vehicle Company), which provides sustainable and efficient electric vehicles (EVs) in the mining industry.

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