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

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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 […]

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Australia says fresh investments to unlock potential of its critical minerals sector

The Australian government has announced a package of measures, including a $200 million Accelerator grants program, $50 million to support research and development, and an updated industry strategy as part of its 2022-23 budget to help unlock the minerals industry’s significant potential. Prime Minister Scott Morrison said Australia’s resources companies were leading the world in developing new critical […]

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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, […]

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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 […]

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China’s Chengxin, Tsingshan team up for $350m Indonesia lithium project

China’s Shenzhen Chengxin Lithium Group Co Ltd and an affiliate of steel and nickel giant Tsingshan Holding Group will invest in a $350 million Indonesian lithium project to capture demand from the electric vehicle (EV) battery sector, Reuters reported. Tsingshan, which shook up the global nickel market by rapidly increasing production at low cost in […]

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Indian Oil hedges its bet on aluminum battery to take on lithium in Electric Vehicles

A drive to reduce dependence on imported materials and technology, especially from China, is pushing India to invest in a battery technology that uses aluminum rather than lithium as the key ingredient. Indian Oil Corp., the nation’s largest oil refiner, has teamed up with an Isareli startup Phinergy Ltd. to develop the aluminum-air battery. India […]

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