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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

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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.

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Cabot Corporation to open new battery application technology center in Europe

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Cabot Corporation plans to establish a new technology center in Münster, Germany. In addition, the center will feature advanced testing equipment to provide best-in-class technical application capabilities to serve the battery industry globally.

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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

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However, the flurry of announcements from the OEMs could also be interpreted as a high-stakes game of one-upmanship or a corporate PR exercise to boost investor confidence. and is an innovation leader with the highest number of patents filed amongst other global automakers. The company leads in deals (M&A, partnerships, JV, etc.)

Global 370
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Orocobre and Galaxy to merge, creating 5th largest global lithium chemicals company

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The merged entity will also be the fifth-largest lithium company by production according to Benchmark’s Lithium Forecast, with Orocobre and Galaxy’s active assets delivering a combined capacity of around 35,000 tpa LCE. The resulting company will have a A$4-billion (US$3.1-billion) Upon implementation, Orocobre shareholders will own 54.2%

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Suzuki Motor eyes record year, India to drive global sales | Autocar Professional

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Suzuki Motor Corporation expects record sales for the 4th consecutive year and 3rd consecutive year of operating profits in the current financial year, led by a strong outperformance in India. In its forecast for Japanese FY-24 (Indian FY-25), the presentation added, “Expect record sales and profits due to higher unit sales.

Suzuki 52
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BNEF: global investment in low-carbon energy transition hit $755B in 2021; up 27% from 2020; electrified transport grew the fastest

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In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming.

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Juniper Research: EV battery pack shipments to reach 30M units in 2027, up from 10M in 2022; led by commercial vehicles

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A new study from Juniper Research forecasts that the volume of electric vehicle battery pack shipments will reach 30 million in 2027 up from 10 million in 2022. Global number of electrified vehicle battery packs shipped in 2027: 30 Million. million in 2022 to more than 7 million by 2027. million in 2022 to more than 7 million by 2027.