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Benchmark: China dominates Li-ion battery supply chain

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China dominates the global Li-ion battery supply chain to the extent that removing the country in favor of European or North American alternatives will be difficult, according to analysis by Benchmark Minerals Intelligence. Much of this is also sourced from Chinese-owned mines in the DRC.

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AVZ signs binding SC6 offtake agreement with major Chinese lithium converter Yibin Tianyi, supplier to CATL

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for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC). We are very pleased to conclude our discussions with Yibin Tianyi and to sign another binding offtake agreement for SC6 to a Chinese converter.

Convert 448
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Benchhmark report: cobalt’s price rises highlight shift to battery-driven pricing dynamics

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Cobalt metal prices (cobalt battery metal, min 99.8%, EXW Europe, USD/lb) have risen 15% from the July 2020 issue of Benchmark’s Cobalt Price Assessment to the most recent data published at the end of October 2020. The transition to an hydroxide-dominated prevailing price becomes more evident when you look at the global supply outlook.

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Cobalt Market Report: EVs become the major driving force for cobalt demand growth in 2021

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The Cobalt Institute’s Cobalt Market Report 2021 , prepared by CRU, confirms the role of cobalt as one the key commodities of the green future, due to the rapid growth of the lithium-ion battery market and a strong global uptake of electric vehicles. below Chinese metal in 2021, with the discount persisting since mid-2020.

Market 293
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Benchmark: Falling lithium prices weigh on black mass prices in China

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Black mass production is the first step in the battery recycling process and is based on mechanical treatment of the batteries. However, process scrap makes up the majority of the global scrap pool in China, due to the large number of battery gigafactories in production. Earlier post.) Lower lithium prices.

Price 195
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DRC bans export of cobalt, copper concentrates

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Fastmarkets reported that the Democratic Republic of Congo (DRC) has banned the export of copper and cobalt concentrate. These have declined significantly over the recent years (with most Chinese importers now favoring intermediate feedstocks), but the quantities are still considerable.

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BMW Group adopts new approaches for a more sustainable battery cell supply chain; focus on cobalt

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Cobalt is one of the key components in production of electrified vehicles and is used in significant quantities in high-voltage batteries for electric vehicles and plug-in hybrids. Although cobalt is not termed a conflict mineral, around 50% of global cobalt reserves are locatedin the DRC.

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