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Tesla expects rising credits while IRA drives investment
Tesla expects tax credits from the US Inflation Reduction Act (IRA) to be worth $150-250 million per quarter this year to the automaker and increase through the year as its car volumes grow, according to the company’s chief financial officer
January 27, 2023
·
By Andrea Hotter
Insights
Nickel briquette premiums decline in US, Europe; cathode premiums mixed
Spot market premiums for nickel products showed mixed fortunes in Europe and the US in the week ended Tuesday January 24, with briquette premiums in both regions moving downward on a shift in sentiment
January 27, 2023
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By the Fastmarkets team, Callum Perry, Ian Templeton
Insights
Albemarle says 75-80% of its contracts are now long-term variable
Albemarle has continued to shift its lithium sales to long-term variable contracts and away from spot contracts, with a focus on strategic customers through the battery supply chain, according to the president of the company’s energy storage division
January 25, 2023
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By Andrea Hotter
Insights
Bolivia finally enters the lithium race | Hotter on metals
Despite having the world’s largest known resources of lithium, Bolivia has been seriously lagging in its ability to turn them into resources for commercial development. But that could all be about to change.
January 24, 2023
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By Andrea Hotter
Insights
Battery materials market set to be finely balanced in 2023
Fastmarkets looks ahead to 2023 and beyond at some key predictions for the battery materials market as the world continues to strive towards a new generation of energy markets
January 23, 2023
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By the Fastmarkets team
Insights
Tesla, Audi in pilot schemes to aid battery transparency, GBA says
Carmakers Tesla and Audi have participated in a project to establish the digital twin of a physical battery for electric vehicles (EVs) by showing its sustainability credentials through the supply chain
January 23, 2023
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By Andrea Hotter
Insights
Britishvolt shows the battle for batteries is a tough one | Hotter on metals
The descent of UK-based battery manufacturer Britishvolt into administration this week is a timely reminder that the path to achieving the electrification of mobility and the broader energy transition is not going to be easy
January 20, 2023
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By Andrea Hotter
Insights
Record daily volume traded on CME cobalt forward contracts
Cobalt forward contracts on the Chicago Mercantile Exchange (CME) hit new highs for volume and open interest during trading on Tuesday January 17
January 20, 2023
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By Alexander Cook
Insights
Brazil favours ethanol cars as 2022 flex-fuel vehicles continue to overshadow EVs
Sales of new cars in Brazil that run on flex-fuel – which can include different degrees of biodiesel or bioethanol, or even biogas – continued to significantly surpass electric vehicle (EV) sales in 2022
January 20, 2023
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By Alexandra Chapman
Insights
Asian lithium prices continue downtrend ahead of Lunar New Year
Chinese lithium prices continued to decline in the week to Thursday January 12, pressured downward by persistently low demand, while spot trading slowed further ahead of China's Lunar New Year holiday.
January 19, 2023
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By Dalila Ouerghi, the Fastmarkets team, Zihao Li
Insights
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