The Next Electric-Car Battery Champion Could Be European

  • Volkswagen, startups unveil ambitious plans as EV sales surge
  • Continent’s market share could quadruple by 2030: BNEF

With Europe expected to lead the world in electric-car sales for a second straight year, an epic rush to build a battery-supply chain from scratch is playing out across the continent.

Fueled by state support of at least 6.1 billion euros ($7.3 billion) and investment plans totalling 10 times that in just one year….

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(4 April 2021, 12:00 GMT+8 Updated on 5 April 2021, 22:26 GMT+8)
2021-04-06T10:02:04+08:00April 6th, 2021|Industry News|

The electric revolution has become an unstoppable force in 2021

Data from Benchmark’s Lithium ion Battery Database shows battery demand in Europe – the second biggest market behind China — is set to increase at an annualised rate of 40.1 per cent between 2020 and 2025.

It’s no wonder manganese, lithium, cobalt, nickel, HPA, rare earths and copper companies on the ASX are going gangbusters.

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(PUBLISHED Feb 23, 2021)
2021-02-23T17:21:31+08:00February 23rd, 2021|Industry News|

EV revolution is bigger than the supercycle, says Friedland

“Unprecedented and revolutionary cycle driven by the rise of green energy and electrification…”

The commodities market is not in a so-called supercycle, rather it is at the start of an unprecedented and revolutionary cycle driven by the rise of green energy and electrification of “everything from a bus, to a skateboard and a Vespa”, according to mining legend and financier Robert Friedland.

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2021-02-09T12:24:20+08:00February 8th, 2021|Industry News|

‘Back to the future’ as lithium prices soar in China

Lithium carbonate prices have shot up by more than 40% in China in January, according to Benchmark Mineral Intelligence.

The price reporting agency said the increase was on the back of continued, surging lithium iron phosphate (LFP) battery demand.

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By Ngaire McDiarmid (PUBLISHED Feb 3, 2021)
For MiningNew.net (www.miningnew.net/)
2021-02-04T11:04:18+08:00February 4th, 2021|Industry News|

Britain to ban sale of new petrol and diesel cars from 2030

London: British Prime Minister Boris Johnson plans to announce next week a ban on the sale of new petrol and diesel cars from 2030, five years earlier than previously planned, the Financial Times has reported.

….Johnson now intended to move the date forward again to 2030 in a speech on environmental policy he is expected to give next week.

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By Reuters (PUBLISHED Nov 15, 2020, 11.52am) first reported in Financial Times
For Sydney Morning Herald (http://www.smh.com.au/)
2020-11-16T05:54:31+08:00November 16th, 2020|Industry News|

All aboard Europe’s lithium bandwagon

(London) — A gang of Perth mining juniors is clambering aboard Europe’s lithium bandwagon, shrugging off the global price doldrums and betting that European governments and car makers will deliver an electric vehicle and battery bonanza.

The fundamentals for a European lithium boom seem in place. Coronavirus has put barely a dent in the European car makers’ sales of, and ambitions for, electric vehicles – and soon they will need more battery-ready lithium than the world can supply.

Europe is the place where lithium demand is going to grow the fastest of anywhere in the world, and it has no domestic supply whatsoever,” says EMH executive chairman Keith Coughlan. “The supply-demand equation is as simple as that.”

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By Hans van Leeuwen (PUBLISHED August 9, 2020, 11.25pm)
For AFR (http://www.afr.com/)
Image credit: Getty – Rolling them out: Electric cars ready to leave VW’s German plant.
2020-08-11T12:08:55+08:00August 11th, 2020|Industry News|

Battery Metals at Risk of Supply Snags as Demand Surges, UN Says

(Bloomberg) — European governments approved the most ambitious climate change plan to date, agreeing to pour more than 500 billion euros ($572 billion) into everything from electric cars to renewable energy and agriculture.

The plan is part of Europe’s bid to become the world’s first climate-neutral continent by 2050.

Significantly, for a country where car manufacturing represents a significant part of the economy, no funds were directed toward fossil fuel cars. Subsidies to buy electric vehicles in Germany are so generous that some Renault models can be acquired for free.

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By Ewa Krukowska and Laura Millan Lombrana (PUBLISHED July 22, 2020, 6:26 PM)
For BloombergQuint (http://www.bloombergquint.com/)
@BloombergQuint
Image credit: Photographer – Alex Kraus/Bloomberg
2020-07-23T10:20:26+08:00July 23rd, 2020|Industry News|

Battery Metals at Risk of Supply Snags as Demand Surges, UN Says

  •  Global rechargeable battery market to grow 7% during 2019-2024
  •  Market for cathode expected to reach $58.8 billion by 2024

Supplies of lithium and other minerals used in rechargeable batteries are highly concentrated in just a few countries, leaving the raw materials vulnerable to disruption as a boom in electric cars bolsters demand, according to the United Nations.

“The rise in demand for the strategic raw materials used to manufacture electric batteries will open more trade opportunities for the countries that supply these materials,” Pamela Coke-Hamilton, UNCTAD’s director of international trade, said in a statement. “It’s important for these countries to develop their capacity to move up the value chain.”

The rechargeable battery market is expected to grow at a compound annual growth rate of about 7% during 2019-2024. The market in cathode for lithium-ion batteries, the most common rechargeable car battery, is expected to jump to $58.8 billion by 2024 from $7 billion in 2018, according to the report.

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By (PUBLISHED THURS, JUNE 25 2020, 01:23 GMT +8)
For Bloomberg (http://www.bloomberg.com/)
Image credit: Photographer – Cristobal Olivares/Bloomberg
2020-06-25T10:20:05+08:00June 25th, 2020|Industry News|

UK government plans to ban the sale of diesel and gasoline cars by 2035

  • The plans were announced on Tuesday (4th February 2020) and are subject to consultation.
  • Ending sale of petrol, diesel or hybrid cars or vans leaves consumers to choose between electric and hydrogen vehicles.

The U.K. government wants to end the sale of new diesel and petrol (gasoline) cars by the year 2035.

Grant Shapps, the U.K.’s transport secretary, said that the government’s £1.5 billion ($1.95 billion) strategy to “make owning an electric vehicle as easy as possible” was working, claiming that in 2019 a “fully electric car was sold every 15 minutes.”

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By Anmar Frangoul (PUBLISHED TUE, FEB 4 20205:42 AM EST)
For CNBC (http://www.cnbc.com/)
Image credit: esp_imaging | E+ | Getty Images
2020-02-05T12:45:18+08:00February 5th, 2020|Industry News|

Merkel Cheers VW’s Electric Push Amid Growing Climate Critique

  • Chancellor under fire on emissions, VW touting battery model
  • Merkel marking ID.3 production start at revamped Zwickau site

Angela Merkel’s visit to a revamped Volkswagen AG electric-car plant in Zwickau on Monday is a stark reminder of what’s at stake both for the German chancellor and VW boss Herbert Diess.

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Posted 4th November 2019.
By

and

Link to article on bloomberg

2019-11-13T15:34:13+08:00November 4th, 2019|Industry News|
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