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Ultra Lithium, Power Metals respond to Government of Canada’s order for Chinese divestment in critical minerals

Green Car Congress

The Government of Canada has ordered three Chinese companies to divest from three Canadian critical mineral companies: Power Metals, Lithium Chile, and Ultra Lithium. The company is assessing its legal and other options to preserve value for its shareholders. Earlier post.)

Chinese 321
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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

Green Car Congress

and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% in the April report for the Institute for Supply Management’s Manufacturing Index. and this has caused a great deal of concern about the overall supply chain of tungsten.

Supplies 380
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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

Green Car Congress

Mercedes-Benz has entered a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., The contract will provide a secure source of supply of battery cells for Mercedes-Benz’s electrification strategy, while Farasis gains security for its planned construction of production capacity.

Mercedes 396
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Investigation Faults Ford Battery Supply Over National Security Issues

The Truth About Cars

Following fears that Ford’s electric vehicle supply chain may represent a national security issue , concerned legislators are doubling down by outlining the path battery components are required to take in order to get here. But it’s requiring additional integration with a company boasting ties to both the Chinese government and its military.

Ford 109
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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America. The Chinese Ministry of Commerce claimed the Inflation Reduction Act is “discriminatory” and said it has “seriously distorted” supply chains.

China 95
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NIO planning on releasing affordable electric car for European market: report

Teslarati

Chinese electric vehicle manufacturer NIO appears to be preparing to capture some market share from mainstream automakers like Volkswagen. According to recent reports, NIO plans to launch a competitively priced model for the European market at a price tag below 30,000 euros (about $33,060).

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Euro Manganese enters offtake term sheet with battery-maker Verkor

Green Car Congress

The parties intend to enter an offtake agreement, whereupon the pricing mechanism and minimum tonnages outlined in the term sheet would become binding upon the signing by the parties of a legally binding offtake agreement, together with any other agreements necessary to give effect to the project.