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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

Green Car Congress

South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

Supplies 259
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RareX executes MoU with global rare earths producer Shenghe Resources

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Australian rare earths exploration and development company RareX Limited entered into a non-binding Memorandum of Understanding (MoU) with the leading global rare earths producer, China-based Shenghe Resources Holdings. Shenghe, listed on the Shanghai Stock Exchange, has a market capitalization of approximately US$4.6

Global 186
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Battery Resourcers to open North America’s largest Li-ion battery recycling facility by August

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Battery Resourcers, a vertically integrated lithium-ion battery recycling and engineered materials company, plans to open a commercial-scale, lithium-ion battery recycling facility in Covington, Ga. —Michael O’Kronley, CEO and Director of Battery Resourcers. The opening of this facility will help meet that demand.

Li-ion 482
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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

Green Car Congress

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). Earlier post.).

Supplies 293
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Lake Resources and Ford Motor Company sign non-binding MoU to negotiate for lithium offtake from the Kachi Project

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Australia-based Lithium developer Lake Resources has signed a non-binding Memorandum of Understanding (MoU) with Ford Motor Company for the offtake of approximately 25,000 tonnes per annum (tpa) of lithium from the Kachi Project. —Steve Promnitz, Lake’s Managing Director.

Ford 243
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Liontown Resources rejects US$3.7B acquisition proposal from Albemarle

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Liontown Resources, an emerging battery minerals producer based in Australia, has rejected an unsolicited, conditional and non-binding indicative proposal from Albemarle Corporation, in which Albemarle would acquire all of the shares in Liontown at a price of A$2.50 per share—valuing the company at approximately US$3.7

Australia 259
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Orocobre and Galaxy to merge, creating 5th largest global lithium chemicals company

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Orocobre Limited and Galaxy Resources have entered into a binding Merger Implementation Deed (MID) under which Orocobre will acquire 100% of the shares in Galaxy. The resulting company will have a A$4-billion (US$3.1-billion) Company management anticipates robust demand for lithium in the mid-long term.

Companies 243