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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

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SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs).

Supplies 293
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ArcelorMittal publishes concept for global low-carbon emissions physical steel standard

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ArcelorMittal published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel.

Standards 431
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Stellantis secures low-emission lithium supply for N American EV production from Controlled Thermal Resources

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and Controlled Thermal Resources Ltd. CTR) signed a binding offtake agreement for CTR to supply battery-grade lithium hydroxide for use in Stellantis’ North America electrified vehicle production. CTR will supply Stellantis with up to 25,000 metric tons per year of lithium hydroxide over the 10-year term of the agreement.

Supplies 186
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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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The Global Carbon Project (GCP) published its annual analysis of trends in the global carbon cycle in the journal Earth System Science Data , including an updated full-year projection for 2022. Global fossil CO 2 emissions are expected to grow 1.0% (with an uncertainty range of 0.1% The decline in 2020 of -5.2%

Global 221
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First carbon-neutral lithium extraction project to start in Germany

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EIT InnoEnergy, the European innovation engine for sustainable energy, announced a partnership with Vulcan Energy Resources Limited (Vulcan), a start-up lithium exploration company, to produce the world’s first completely carbon-neutral lithium in Germany. Earlier post.). Batteries are a key technology of our time.

Germany 491
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Study finds carbon emissions benefits of reduction in oil demand depend on size of drop and global oil market structure

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New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.

Oil 305
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The Metals Company and Low Carbon Royalties form strategic partnership

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Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. to finance the development and production of low-carbon fuels and energy transition metals. NORI and Low Carbon Royalties are a great fit.

Carbon 352