article thumbnail

Benchmark launches Li-ion Battery Raw Material Price Index

Green Car Congress

Benchmark Mineral Intelligence has launched a Lithium-ion Battery Raw Material Price Index. Benchmark assembles the index using its market-leading price assessments including the IOSCO-accredited lithium, nickel, and cobalt prices. NCM Mid-Nickel (5, 6, and 7 series blends, e.g., NCM 523, NCM 622).

Li-ion 335
article thumbnail

Analysts: Raw material price surge will put EV battery affordability gains on hold until 2024

Green Car Reports

A surge in raw material prices could cause EV battery prices to rise, according to a recent Reuters report.

article thumbnail

BMW Group creates closed recycling loop for high-voltage batteries in China

Green Car Congress

The BMW Brilliance Automotive joint venture (BBA) has established a closed loop for reuse of the raw materials nickel, lithium and cobalt from high-voltage batteries that are no longer suitable for use in electric vehicles. Already today, the BMW Group uses secondary nickel in the high-voltage batteries of the BMW iX.

BMW 317
article thumbnail

Tsinghua researchers conclude surging lithium price will not impede EV boom

Green Car Congress

Although the current 10-fold price spike of lithium is giving the electric vehicle market a sharp short-term shock, a study by a team from Tsinghua University indicates that it will not hinder transportation electrification in the long run. That made the cathode price increase by 140% for LiNi 0.8 —Sun et al.

Price 199
article thumbnail

Canada’s Budget 2022 calls for C$3.8B to launch Critical Minerals Strategy

Green Car Congress

Critical mineral mining projects are expensive and come with a unique set of challenges that can often include remote locations, changing prices, and lengthy regulatory processes. In total, Budget 2022 proposes to provide up to $3.8 Specific measures proposed in Budget 2022 to support critical mineral projects include: Up to $1.5

Canada 468
article thumbnail

GM battery fabrics funding in Quebec to manage $1 billion

Baua Electric

CAM contains parts equivalent to processed nickel, lithium and alternative fabrics that produce up about 40 in step with cent of the price of a battery. The Quebec and federal governments are kicking in C$150 million every. It’ll assemble cathode energetic subject material (CAM) for EV batteries.

GM 52
article thumbnail

GM battery fabrics funding in Quebec to supremacy $1 billion

Baua Electric

CAM contains elements corresponding to processed nickel, lithium and alternative fabrics that produce up about 40 in keeping with cent of the price of a battery. The Quebec and federal governments are kicking in C$150 million each and every. It’ll form cathode lively subject material (CAM) for EV batteries.

GM 52