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Chinese auto price war drags down battery raw materials prices
An increasingly fierce price war in China’s domestic automotive sector for electric vehicles (EVs) and traditional vehicles in recent months has dealt another blow to battery raw materials prices, sources told Fastmarkets
March 24, 2023
·
By the Fastmarkets team, Carrie Shi, Sybil Pan, Zihao Li, Yiwen Ju, Jingtai Lun
Insights
Delayed publication of cobalt, lithium prices
The publication of a number of Fastmarkets’ price assessments was delayed on Thursday March 16 for technical reasons.
March 16, 2023
·
By Justin Yang
Insights
Volkswagen to set up battery plant in Canada to step up North American strategy
German carmaker Volkswagen has chosen to establish its first North American battery cell plant in Ontario, Canada, due to the growing importance of the region’s e-mobility market share, it said on Monday March 13
March 15, 2023
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By Dalila Ouerghi
Insights
SQM still optimistic on lithium demand growth despite short-term slowdown
Sociedad Quimica y Minera (SQM) foresees global lithium demand reaching 1.5 million tonnes by 2025 and expects total demand to grow by at least 20% year on year in 2023, the Chilean miner said
March 8, 2023
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By Dalila Ouerghi
Insights
Do OEM offtakes need careful structuring? Voltaire Minerals’ Brocas thinks so | Hotter Commodities
Original equipment manufacturers (OEMs) have been buying equity in miners to secure access to battery raw materials, but David Brocas, co-founder and managing partner of Voltaire Minerals Partners, contends that the offtake agreements may not be in the best interest of miners unless carefully structured
March 7, 2023
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By Andrea Hotter
Insights
China’s Yichun city cracks down on illegal lithium mining amid weak market
The local government of Yichun city in China’s Jiangxi province has begun a crackdown on illegal lithium mining in the city, it said on Friday February 24
February 28, 2023
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By Zihao Li
Insights
Proposed Finnish LFP cathode plant expands Europe’s battery value chain
Competition with Asia to bring the battery value chain to Europe intensifies as mining company Finnish Minerals Group and battery cell manufacturer Freyr Battery explore the possibility of producing LFP cathode material
February 21, 2023
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By Dalila Ouerghi
Insights
Ford’s new LFP plant marks expansion of chemistry in NCM-dominant US market
US automotive manufacturer Ford’s announcement that it would invest $3.5 billion to build a lithium iron phosphate (LFP) plant in the US state of Michigan marks the chemistry’s adoption in a nickel cobalt manganese (NCM) dominated market
February 20, 2023
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By Justin Yang
Insights
LG Chem secures spodumene from Piedmont Lithium for US operations
Junior miner Piedmont Lithium has agreed to provide South Korean cathode maker LG Chem with 200,000 tonnes of spodumene concentrate (SC6%) over a four-year period, it said on Thursday February 16
February 20, 2023
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By the Fastmarkets team
Insights
India finds 5.9 million-tonne lithium deposit
The Geological Survey of India discovered a new lithium deposit containing 5.9 million tonnes of inferred lithium resources in the country’s Salal-Haimana area of the Reasi District of Jammu and Kashmir, the Indian government said on Thursday February 9
February 15, 2023
·
By Zihao Li
Insights
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