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Tsinghua researchers conclude surging lithium price will not impede EV boom

Green Car Congress

Although the current 10-fold price spike of lithium is giving the electric vehicle market a sharp short-term shock, a study by a team from Tsinghua University indicates that it will not hinder transportation electrification in the long run. Contrary to anticipation, the global LIB supply chain is currently haunted by market fluctuations.

Price 199
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Compass Minerals signs non-binding agreement to supply LG Energy Solution with battery-grade lithium product starting in 2025

Green Car Congress

Under the terms of the MoU, Compass Minerals would supply LGES with with a battery-grade lithium product from its lithium brine development project at its Ogden, Utah, solar evaporation facility. As outlined in the MOU, purchase pricing would be based on market price and sales volume thresholds would be dependent upon product qualifications.

Supplies 199
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Aqua Metals and 6K Energy collaborate to establish sustainable US battery supply chain – Charged EVs

Baua Electric

Now Aqua has signed a strategic supply agreement with battery materials supplier 6K Energy to establish a more sustainable supply chain for battery critical minerals. At full scale, Aqua will provide 30% of the nickel and lithium carbonate needed at 6K’s PlusCAM facility.

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EV Guru: Sodium-Ion Batteries are Coming Sooner Than You think!

Plug In India

The aim is to build batteries at a large scale to reduce prices. In addition, about 90% of the world’s supply of lithium is controlled by Chinese companies. Video: EV Guru: Sodium-Ion Batteries are Coming Sooner Than You think! “Price of lithium has gone to insane levels!” They both are alkaline metals.

Sodium 59
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Rio Tinto declares maiden ore reserve at Jadar; major potential source of battery-grade lithium carbonate

Green Car Congress

Pre-feasibility studies have shown that the Jadar project has the potential to produce both battery-grade lithium carbonate and boric acid. The consumption of sulfuric acid is predictable with negligible chemical reaction of most gangue minerals—apart from a portion of the carbonates and soluble chlorides.

Carbon 170
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Nornickel presents market review of nickel and platinum group metals

Green Car Congress

This was caused not only by a 45% price increase in 2022 and a subsequent correction, but also by worsening market fundamentals. At the same time, robust demand for nickel in alloys and special steel sectors supports prices of the exchange-traded Class 1 nickel. The forecast for nickel supply in 2023 is almost unchanged at 3.45

Market 304
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First Cobalt announces positive feasibility results for Canadian cobalt refinery expansion; first NA producer of battery-grade cobalt sulfate

Green Car Congress

The feasibility study demonstrates that the First Cobalt Refinery project can become a viable, globally competitive player in the North American and European electric vehicle (EV) supply chain. The study reinforces the strength of First Cobalt’s business strategy for a rapidly evolving EV market that is heavily dependent on supply from China.

Sodium 221