Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of approximately 191 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, […]
Read More(Bloomberg) — BYD Co. jumped to second place in global electric-car battery rankings in July, overtaking LG Energy Solution Ltd. as China’s demand for clean cars surges. The Chinese car and battery maker supplied 6.4 gigawatt-hours of batteries in July, behind only giant Contemporary Amperex Technology Co. with 13.3 GWh. LG Energy slipped to third […]
Read More(Bloomberg) — Tesla Inc. has signed new long-term deals with two of its existing Chinese battery-materials suppliers, the latest move by automakers to secure supplies amid intensifying competition. Zhejiang Huayou Cobalt Co. and CNGR Advanced Material Co. signed pricing agreements with the electric-vehicle giant for supplies until the middle of this decade, according to separate […]
Read More(Bloomberg) — Tesla Inc. delivered 254,695 cars worldwide in the three months to June, snapping a two-year streak of quarter-on-quarter gains, as a Covid-related shutdown at its factory in Shanghai crimped production. The results, posted Saturday, missed a forecast of 261,181 vehicle deliveries based on an average of analyst estimates compiled by Bloomberg. That is […]
Read More(Bloomberg) — Contemporary Amperex Technology Co. Ltd. unveiled an electric-car battery it said has a range of over 1,000 kilometers (620 miles) on a single charge and is 13% more powerful than one planned by Tesla Inc., a major customer. CATL, as the world’s biggest maker of electric-car batteries is known, will start manufacturing the […]
Read More(Bloomberg) — Goldman Sachs Group Inc. said the price of three key battery metals — cobalt, lithium and nickel — will drop over the next two years after investors wanting exposure to the green-energy transition piled in too quickly. “Investors are fully aware that battery metals will play a crucial role in the 21st century […]
Read More(Bloomberg) –Nickel has captured much of the limelight among battery metals in recent weeks, and understandably so. Wild price swings, including an unprecedented 250% advance over two trading sessions amid a short squeeze, and concerns tied to Russia’s role as a key supplier have added to longstanding worries among automakers about securing enough of the […]
Read More(Bloomberg) — The U.S. is set to give the mining industry a key tool to boost domestic production of metals behind the energy transition — but nothing that speeds up efforts to dig ore out of the ground. President Joe Biden is poised to add battery metals to the list of items covered by the […]
Read More(Bloomberg) — Porsche will turn the 718 Boxster into an exclusively electric model from 2025 as the sports-car maker’s returns on the successful Taycan improve. The Volkswagen AG luxury unit will also offer a hybrid version of the iconic 911, it said Friday. The manufacturer, whose parent is preparing an initial public offering of the […]
Read More(Bloomberg) — Ford Motor Co. shares tumbled the most in almost two years after the automaker missed estimates for quarterly earnings and cautioned it may get off to a slow start to the year due to supply chain issues. The carmaker posted earnings of 26 cents a share excluding some items for the last three […]
Read More(Bloomberg) — Panasonic Corp. is renovating a facility in Japan to start testing mass production of a new type of lithium-ion battery that’s championed by Tesla Inc. as the key to unlocking cheaper electric vehicles. Panasonic will start test production of a next-generation “4680” battery at a facility in Japan’s western Wakayama Prefecture, Chief Financial […]
Read More(Bloomberg) — Tesla Inc. set a record for profit but warned that supply chain problems will keep it from introducing new vehicle models this year while it focuses on expanding production of its current lineup. That means fans of the Cybertruck will have to wait until at least 2023. On the other hand, full self-driving […]
Read More(Bloomberg) — Lithium prices are continuing their breakneck ascent in China, with surging electric-vehicle sales underpinning a fivefold gain over the past year. Chinese lithium carbonate prices tracked by Asian Metal Inc. rose to a fresh record on Monday, as data showed a 35% month-on-month jump in electric-vehicle registrations in December. Nearly 400,000 EVs were […]
Read MoreThe energy transition is driving the next commodity supercycle, with immense prospects for technology manufacturers, energy traders, and investors. Indeed, new energy research provider BloombergNEF estimates that the global transition will require ~$173 trillion in energy supply and infrastructure investment over the next three decades, with renewable energy expected to provide 85% of our energy […]
Read More(Bloomberg) — Tesla Inc. has agreed to take the majority of battery-ready graphite from a production facility planned in Louisiana, as it races to secure supplies of the key material in a market dominated by China. Melbourne-based Syrah Resources Ltd. will supply Elon Musk’s company with graphite anode material for an initial four years, with […]
Read More