article thumbnail

Cornell study examines trade-off between critical metals requirement and transportation decarbonization

Green Car Congress

—Fengqi You, senior author Currently, critical metals and minerals are centralized in politically unstable Chile, Congo, Indonesia, Brazil, Argentina and South Africa, according to the World Bank. “Recycling w/o 2nd” indicates retired batteries that are directly recycled without a second life as energy storage systems (ESSs).

article thumbnail

The EV Transition Explained: How to Meet Sales Targets?

Cars That Think

For instance, the Rocky Mountain Institute (RMI) estimates that 1-in-4 light-duty vehicles, or about 70 million EVs, must be on US roads by 2030 to meet the GHG reduction target. You cannot change the sources from Congo, China and other places within two to three years.” Pablo Di Si There are also income caps.

Sale 85
article thumbnail

Eni reports important new discovery offshore Congo

Green Car Congress

miles) offshore Congo. The exploration well, Nene Marine 3, was drilled in a water depth of 28 meters (92 feet) and encountered a significant wet gas and light oil accumulation in the pre-salt clastic sequence, outlining a significant extension to the west of the reservoir and its hydraulic continuity.

Congo 230
article thumbnail

Tesla a frontrunner in race to develop renewable batteries

Teslarati

Cobalt is primarily produced in the Democratic Republic of Congo, where there is a notable risk of supply chain disruption and exploitation of workers is quite commonplace. This was a notable move from Tesla as cobalt, while common in batteries, is a problematic material.

Renewable 134
article thumbnail

BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

Green Car Congress

The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials, according to a new study on a unified African supply chain by BloombergNEF (BNEF). Adesina.

Africa 221
article thumbnail

Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit

Green Car Congress

Roughly 62 percent global cobalt output is found in the Democratic Republic of Congo. EVs are shifting demand away from gasoline, IMO causes switching into diesel, and strong petchems demand growth is shifting demand toward the light part of the barrel, including NGLs in particular,” BofAML wrote. “We

Oil 306
article thumbnail

Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

Lithium — the ultra-light metal used in electric-vehicle batteries — has plunged more than 80% from a late-2022 record, as the market whiplashed from shortage fears to a mountain of surplus inventories. Chemaf Resources Ltd.

Price 52