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EIA forecasts crude oil prices will decline through 2023

Green Car Congress

Global oil consumption outpaced oil production for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which has led to persistent withdrawals from global oil inventories and significant increases in crude oil prices.

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Albemarle ups lithium demand forecast to 3.7 MMt in 2030, calls for higher prices to support new projects to meet demand gap

Green Car Congress

In its 2023 Strategic Update , Albemarle Corporation raised its forecast for 2030 global lithium demand (LCE, lithium carbonate equivalent) to 3.7MMt—an increase of 15% from its previous forecast due to the impact of the US “Inflation Reduction Act” and strong EV demand. Albemarle also estimates the 2030 mined supply to come in at 2.9

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Benchmark: Chinese lithium carbonate premium narrows as hydroxide price increase accelerate

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Lithium carbonate’s premium over lithium hydroxide in the Chinese domestic market, seen in the first quarter of 2021, is beginning to narrow, as shifting cathode chemistry demand continues to support hydroxide prices in China while carbonate gains soften amid limited spot transactions, according to Benchmark Mineral Intelligence.

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Ford awards TomTom global traffic service deal for next-gen SYNC tech

Green Car Congress

Ford has awarded TomTom a global multi-year deal to provide Ford’s next-generation SYNC with its real-time traffic service. Ford also equipped SYNC 4 with optional navigation with the ability to share parking space availability and prices.

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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

Green Car Congress

In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels. 2020.01.002.

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BMW i Ventures invests in Prometheus Fuels; CO2 air-capture and conversion to carbon-neutral gasoline

Green Car Congress

BMW i Ventures has invested in Prometheus Fuels ( earlier post ), a company removing CO 2 from the air and turning it into zero-net carbon gasoline that it will sell at gas stations, at a price that competes with fossil fuels, starting as early as this year. Aqueous CO 2 electrolysis with base-metal catalysts. 2020.01.002.

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In Conversation with Log9 Materials’ Pankaj Sharma | Autocar Professional

Baua Electric

Delving into future cell prices, Pankaj highlighted the anticipated decline in global Li-ion battery production costs and also pointed out challenges posed by cell-to-cell variability and algorithms. The post In Conversation with Log9 Materials’ Pankaj Sharma | Autocar Professional appeared first on Bauaelectric Auto News.