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Cobalt Institute: cobalt market weakened since 2022 peak, but in longer term, demand will outpace supply

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The Cobalt Institute’s Cobalt Market Report, prepared by Benchmark Mineral Intelligence, finds that cobalt market conditions have weakened substantially since the price peak in 2022. This dynamic will likely remain through to 2024, the report says, as a plentiful and growing supply surplus maintains pressure on prices.

Supplies 259
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Renault Trucks creates Used Parts Factory

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To reduce natural resource usage and its trucks’ environmental impact, Renault Trucks (part of the Volvo Group) is taking steps to transition its industrial operations to a circular-economy approach. At this new industrial facility located in Vénissieux, the brand’s trucks will be dismantled , and their parts reused.

Parts 273
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Neste and CIM collaborate to supply sustainable aviation fuel to France to support SAF blending obligations

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Neste and CIM, part of NOVEN Group in France, the leading independent French group of companies providing oil storage and supply services, are collaborating to enable the supply of Neste MY Sustainable Aviation Fuel into France. CIM, import terminal at Le Havre.

France 410
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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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billion will go to 11 projects in the materials separation and processing segment of the supply chain. Anovion , Scaling the Domestic, US Owned and Operated Anode Supply Chain for Synthetic Graphite, $117,000,000. It will produce enough material to supply more than 250,000 electric vehicles annually. Of that, $1.6

Parts 459
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Skeleton Technologies to supply supercap modules to Class8 Energy; €11.6M contract

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million contract for supercapacitors modules for the North American trucking and retail industry. Through this agreement, Skeleton’s products will be distributed to the fast-growing North American heavy vehicles market. UAP’s Heavy Vehicle Parts Division operates the largest heavy vehicle spare parts distribution network in Canada.

Supplies 334
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FREYR Battery and ITOCHU partner to develop materials supply chain

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As part of this agreement, ITOCHU will serve as a direct materials supplier for FREYR’s procurement and supply chain operations. As the world moves towards decarbonization, we see FREYR as an integral part of enabling a clean and sustainable lithium battery industry.

Supplies 199
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Mitsubishi Shipbuilding completes delivery of ammonia fuel supply system for large, low-speed two-stroke marine engines

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Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has completed delivery of an ammonia fuel supply system for large, low-speed two-stroke marine engines, to Japan Engine Corporation (J-ENG), a manufacturer of marine engines.

Mariner 221