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BNEF: China dominates the Li-ion battery supply chain, but Europe is on the rise

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China dominates BloombergNEF’s (BNEF) lithium-ion battery supply chain ranking in 2020, having quickly surpassed Japan and Korea that were leaders for the majority of the previous decade. While Europe is launching initiatives to capture more of the raw material value chain, the US is slower to react on this.

Li-ion 459
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Cobalt Institute: cobalt market weakened since 2022 peak, but in longer term, demand will outpace supply

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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.

Supplies 259
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SK IE Technology to supply separators for EV batteries to Sunwoda

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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.

Supplies 199
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Iveco Group acquires full control of Nikola Iveco Europe

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has acquired the full and sole ownership of the German company resulting from the former joint venture Nikola Iveco Europe, now to be renamed as EVCO (Electric Vehicles COmpany). Iveco Group N.V.

Europe 395
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Cabot Corporation to open new battery application technology center in Europe

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The new technology center will focus on technical collaboration with customers in order to accelerate application innovation for Cabot’s battery materials product lines within Europe. The EMEA Technology Center is expected to commence operations by April 2023, with a planned expansion to be completed in 2024.

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DuPont Teijin Films & Mitsubishi Electric Europe partner with Meta Materials on battery materials

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Meta Materials , a developer of high-performance smart materials and nanocomposites, entered into a Memorandum of Understanding (MOU) in partnership with DuPont Teijin Films and Mitsubishi Electric Europe. Even under an optimistic scenario, supply would not meet the copper demand required for net-zero emissions by 2050.

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Umicore inaugurates CAM plant in Poland; complete battery materials value chain in Europe

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This makes Umicore the first company in Europe with a complete circular and sustainable battery materials value chain. With this gigafactory, Umicore is leading the way in battery materials in Europe offering key ingredients for a responsible and sustainable value chain for electric transport.

Poland 273