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S&P Global: US faces new challenges meeting increased demand for critical minerals spurred by IRA

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However, ensuring enough qualifying supply to meet that demand faces “considerable challenges,” according to a new analysis by S&P Global. Copper is not currently listed as a critical mineral in the United States and does not qualify for IRA tax credits.

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SK On signs 5-year lithium hydroxide supply deal with SQM

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The deal with SQM is expected to boost SK On’s efforts to meet the IRA requirements as Chile is a free trade agreement (FTA) partner with the US. The IRA offers a tax credit to consumers when they buy an EV with batteries equipped with a certain percentage of critical minerals extracted or processed in the US. Earlier post.).

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The Global Outlook of Electric Vehicles

Blink Charging

Needless to say, EV sales are increasing globally. Coming in second is Norway, followed by Sweden, Germany and the United Kingdom rounding out the top five countries for EV adoption, according to the most recent version of the Electric Vehicle Country Readiness Index from ​​ Ernst & Young Global Ltd.

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Yellen visits US lithium site in Chile, eyes progress on green transition – ET Auto

Baua Electric

Chile also aims to reach 100% in EV sales by 2035 and could well lead the way in green hydrogen, with more than 40 green hydrogen projects underway. lithium producer Albemarle in northern Chile , saying that expanded U.S.-Chilean Yellen’s visit to Chile is part of a broader push by the Biden administration to diversify U.S.

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Arkansas might be sitting on 19 million tons of lithium

Baua Electric

Lithium in a Smackover Formation could provide nine times the global demand for EV batteries The lithium deposits could be the key to U.S. Even the low-end estimate is equivalent to more than nine times the global demand for lithium use in EV batteries in 2030, as currently estimated by the International Energy Agency (IEA), the USGS notes.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 Additional highlights of the 9 th annual Global Trends in Renewable Energy Investment 2015 report include: China saw by far the biggest renewable energy investments in 2014—a record $83.3 billion, up 39% from 2013.

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US EV policy to boost free trade agreement nations in battery metal trade – ET Auto

Baua Electric

As the United States intensifies its focus on transitioning to electric vehicles (EVs), nations holding free trade agreements (FTAs) with the US are positioned for a trade boost in the battery metal sector, according to insights from analysts and industry observers at S&P Global Commodity Insights.

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