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LFP batteries extend dominance over NCM batteries in China
China’s preference for lithium iron phosphate (LFP) batteries continued to grow in June, with the country’s output of such batteries rising by 11.64% month on month to 42.2 gigawatt hours (GWh), according to data from China Automotive Battery Innovation Alliance (CABIA)
July 19, 2023
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By the Fastmarkets team, Sybil Pan, Zihao Li, Yiwen Ju
Insights
Core Lithium announces second spodumene shipment as consumers look to diversify sources
Australian lithium miner Core Lithium will export its second shipment of spodumene concentrate to offtake partner Sichuan Yahua on Wednesday this week, it announced on Tuesday July 11
July 13, 2023
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By Dalila Ouerghi, the Fastmarkets team, Callum Perry
Insights
Battery chain needs lithium carbonate hedging: Lithium Supply and Battery Raw Materials ’23
Market participants in the battery raw materials supply chain will have an increasing need to hedge lithium carbonate to mitigate price risks, and demand for this will soon grow in both Europe and North America
July 5, 2023
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By Grace Asenov
Insights
CME Group to launch Fastmarkets-linked lithium carbonate contract
The CME Group will launch a cash-settled lithium carbonate contract that will be settled against Fastmarkets’ assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot prices cif China, Japan & Korea
June 22, 2023
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By Justin Yang
Insights
China extends NEV purchase tax breaks to 2027
China will extend its tax breaks for the purchase of new energy vehicles (NEVs) between 2024 and 2027
June 21, 2023
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By the Fastmarkets team, Carrie Shi, Zihao Li, Yiwen Ju
Insights
China’s battery giants expand to sodium-ion but no threat to lithium
Major Chinese battery makers are expanding their battery portfolio to sodium batteries from dominant LFP and NCM batteries. This is unlikely to impose much threat for the usage of lithium.
June 19, 2023
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By Jingtai Lun
Insights
Livista’s lithium chemicals refinery to use 50% recycled feedstock by 2030 | Hotter Commodities
A new lithium chemicals refinery in Germany will use recycled feedstock for half of its capacity by 2030, according to its owner, Livista Energy Europe
June 14, 2023
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By Andrea Hotter
Insights
US Department of Energy announces new funding for lithium-ion battery recycling
The US Department of Energy announced on Monday June 12 that it was allocating more than $192 million in new funding for recycling batteries from consumer products
June 13, 2023
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By Yasemin Esmen
Insights
Lithium supply crunch could impact battery gigafactories | Hotter Commodities
The lithium industry is facing a supply crunch that could leave gigafactories lacking the batteries they are set up for, according to the chief strategy officer of lithium chemicals producer Livent
June 12, 2023
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By Andrea Hotter
Insights
East Asian lithium carbonate prices surge on Chinese strength
East Asian battery-grade lithium carbonate prices surged on Tuesday June 6, spurred on by the ongoing rally in the Chinese domestic market and catching up with battery grade lithium hydroxide prices
June 7, 2023
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By Dalila Ouerghi, the Fastmarkets team, Zihao Li
Insights
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