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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.)

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

Green Car Congress

in the April report for the Institute for Supply Management’s Manufacturing Index. This primarily includes dealing with a strained supply chain on critical raw materials, like tungsten, to produce all of those EV-powered automobiles, cranes, trucks and more. New Tungsten Production Will Open the Global Supply Chain.

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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.

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Tesla inks supply agreement with Australia’s Core Lithium

Teslarati

Tesla entered into a legally binding Term Sheet agreement with Australian lithium producer Core Lithium Ltd (ASX: CXO). As per the agreement, Core Lithium will supply up to 110,000 tonnes of Li 2 O spodumene concentrate to Tesla over a term of 4 years. . Tesla and Ganfeng’s deal started in 2022 and lasts up to three years.

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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.

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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.

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

battery-supply deal with China’s CATL, Car News China reports. In September, GM CEO Mary Barra told The Wall Street Journal that Ford’s partnership with CATL “could be the harbinger of Chinese domination of U.S. General Motors is negotiating a U.S. car manufacturing.” LFP battery tech originated in the U.S.,

GM 52