US offers support to reduce China’s ‘weaponisation’ of battery metals

US Energy Secretary Jennifer Granholm has told Aussie developers of battery metals projects they can win support from the US Government for their projects. It’s all part of America’s plan to counter the dominance of China in refining and producing key materials like lithium, rare earths and cobalt. US Treasury Secretary Janet Yellen said the country wants […]

Read more

Impending shortage of copper could derail energy transition: S&P Global

An all-electric future depends heavily on copper, and looming supply shortfalls could hamper nations’ goals of reaching net-zero emissions by 2050, according to a new report from S&P Global. Unless significant new supply becomes available, climate goals will be “short-circuited and remain out of reach.” Electric vehicles, solar and wind power, and batteries for energy […]

Read more

Pricey critical minerals, supply chain disruption obstacles to rising EV demand – report

possessed-photography-znCLdh5-Srk-unsplash-scaled.jpg

Soaring prices for some critical minerals essential for battery manufacturing, as well as supply chain disruptions caused by Russia’s attack on Ukraine and by continued Covid-19 lockdowns in some parts of China, are the greatest obstacles to continued strong global electric vehicle sales, the International Energy Agency (IEA) said. Ensuring future growth will demand greater […]

Read more

Lithium price skyrockets on higher EV demand in China; gains 400%

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, as data showed a 35% month-on-month jump in electric-vehicle registrations in December. Nearly 400,000 EVs were registered during the month, […]

Read more

Vedanta acquires Nicomet, a leading nickel-cobalt producer

Billionaire Anil Agarwal-owned Vedanta group has acquired Goa-based Nicomet, a leading nickel and cobalt producer. The acquisition is in line with Vedanta’s ESG mission and is a big step towards supporting India’s carbon neutrality goals. With this acquisition, Vedanta has become the country’s sole producer of nickel, the company said in a statement. “The move is […]

Read more

Indian Oil to set up 10,000 Electric Vehicle charging stations in next three years

Close on the heels of PM Narendra Modi’s declarations at the COP26 summit, India’s largest automobile fuel retailer Indian Oil Corporation announced its plans to set up 10,000 charging stations for electric vehicles (EVs) in three years. Setting up of EV charging stations and production of green hydrogen will both be part of the company’s net carbon […]

Read more

Australian firm to invest $3 billion in Saudi Arabia’s mining venture for electric vehicles

An Australian company, EV Metals Group Plc plans to invest $3 billion in Saudi Arabia in a bet on the metals used in batteries for electric vehicles. EV Metals Group Plc’s spending will be on building plants to process minerals including lithium and nickel, and later expand into exploring for the battery metals, Managing Director […]

Read more