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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

Green Car Congress

Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium carbonate is forecast to trade near its high. Lithium is expected to trade at 484,185.00 by the end of this quarter. Earlier post.). Source: Trading Economics.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). BNEF has more than doubled its estimates for energy storage deployments from 2025 to 2030 across Europe from previous forecasts.

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation Co Ltd said on Monday its SK On battery-making unit is on target to breakeven in the second half of this year after it posted a forecast-beating operating profit in the first quarter, sending its shares up over 6.0%. That compared with an average analyst forecast of 466 billion won. rise as of 0336 GMT.

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Is A Tax On Electricity (kWh) Consumed The Best Way to Supplement the Fuel Tax for Electric Vehicles?

EV Adoption

As sales of electric vehicles begin to reach significant numbers across the US, states are exploring approaches to replace lost tax revenue since EV drivers don’t pay fuel taxes as drivers of gas-powered cars do at gas stations. Unfortunately there is currently no simple and agreed upon best replacement for the fuel tax.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Demand for lithium ion batteries is forecast to grow to 3.7 This year is expected to see more than a million tonnes LCE of lithium mined for the first time, according to Benchmark’s Lithium Forecast. Natural and synthetic graphite are forecast by Benchmark to have a combined supply gap of 3.6 The rise of gigafactories.

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Roskill forecasts demand for neodymium for magnets to result in supply deficit; substitutions by 2021

Green Car Congress

In its new rare earths market report with forecasts out to 2026, Roskill, a leader in international metals and minerals research, observes that the permanent magnet and catalyst sectors will continue to provide the largest markets for rare earths in the next ten years to 2026. Global NEV production could rise by 3.5-4.0

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California BOE considers lowering gasoline excise tax rate for third year in a row

Green Car Congress

The California State Board of Equalization (BOE) will consider lowering the excise tax rate for gasoline by 2.2 If adopted, the excise tax rate on gas will be 27.8 The current excise tax rate of 30 cents per gallon remains in effect until 30 June 2016. cents per gallon from 1 July 2016 through 30 June 2017.

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