Niron said it is developing iron nitride magnets, which do not contain any rare earth elements. It was founded in 2014 and originated from the University of Minnesota. Niron plans to use the funds to expand its US production facilities in Minneapolis and aims to start producing 1,000 kg per year of iron nitride magnets […]

Despite auto manufacturers' clear demand and willingness to pay a premium for green steel, understanding of the product varies widely in the industry, with larger OEMs like Ford, General Motors, and Volvo actively competing for its limited supply

Graphite companies Nouveau Monde Graphite, Novonix and Westwater have all announced offtake agreements in a developing US anode supply chain to comply with that country’s generous subsidy scheme under the Inflation Reduction Act and to ease the current dependence on China for material, Fastmarkets heard on Thursday February 15

A group of major automotive manufacturers including Tesla and General Motors sent a joint letter with mining companies and electric vehicle (EV) battery companies on Monday February 5 urging the Biden administration to allow a 10% tax credit to apply to both mineral extraction and mineral processing in the US

Phoebe O'Hara, battery raw material analyst at Fastmarkets, shares her analysis on electric vehicle (EV) demand in 2023 and some insights for 2024 and beyond

Automotive companies operate in a highly competitive and volatile industry susceptible to fluctuating input costs. These costs, including raw materials, can significantly impact automotive manufacturers’ profitability and cash flow. There are several tools that an automotive procurement manager or risk manager can use to determine the extent of the risk embedded in production costs. This […]

Supply chain localization of the graphite industry is a trend that is expected to continue in 2024 amid ongoing geopolitical tensions and excess capacity in Mainland China, the major holder of the global anode supply. Challenges remain, however, sources told Fastmarkets

South Korean battery maker Samsung SDI’s recent investment in Canada Nickel, despite falling nickel prices, is the latest example of companies forming long-term partnerships to secure electric vehicle supply chain production that qualifies for tax credits under the US Inflation Reduction Act (IRA)

Norsk Hydro is continuing to maximize its production of aluminium products for the automotive sector amid ongoing weak demand in end-use markets like construction, according to a senior executive at the Norwegian producer

Chinese automakers, led by Great Wall Motor, are set to expand their dominance in Thailand's EV market thanks to the newly approved 'EV 3.5' subsidy scheme