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BASF halts major recycling project in latest blow for Europe battery industry
Major chemical company BASF is pausing its plans to build a large refinery for battery recycling in Spain due to sluggish adoption of electric vehicles (EVs) in the EU, the firm said late last week
July 31, 2024
·
By Lee Allen
Insights
EVs in the West: Northern Graphite CEO Hugues Jacquemin on the North American industry
Fastmarkets spoke with Canada-based Northern Graphite CEO Hugues Jacquemin on North American graphite, the electric vehicle (EV) industry and the need for a North American supply chain on Wednesday July 17
July 22, 2024
·
By Rae Boyadjis
Insights
Private chargers dominate UK’s EV landscape
Analysis by UK-based industry group ChargeUK shows that there are now more than 930,000 public, home and workplace charging points for electric vehicles (EVs) across the nation, supporting 1.1 million such vehicles
July 17, 2024
·
By Misha Simonovska
Insights
QuantumScape, PowerCo form agreement to industrialize solid-state batteries
Germany-based Volkswagen Group’s battery company PowerCo and California-based QuantumScape have entered into an agreement to industrialize QuantumScape’s solid-state lithium-metal battery technology, the companies announced on Thursday July 11
July 15, 2024
·
By Kirstyn Petras
Insights
Light rare earth prices stabilize, heavy rare prices fall on low demand
Chinese export prices for light rare earth products were unchanged for the fourth consecutive week on Thursday July 11, with suppliers firmly rejecting further price cuts, but low demand continued to pull down prices for heavy rare earth products used in magnets
July 12, 2024
·
By the Fastmarkets team, Caroline Messecar
Insights
Hydro, Porsche sign agreement for green aluminium in auto industry’s latest effort to decarbonize
Norway-based aluminium producer Hydro and German car manufacturer Porsche signed a long-term agreement on Tuesday July 9 for supply of low-carbon aluminium to further decarbonize the supply chain of Porsche’s sports cars. The agreement follows the letter of intent signed in April
July 11, 2024
·
By Yasemin Esmen
Insights
Automotive sector benefitted from USMCA amid pivot toward zero-emission, hybrid vehicles: USTR
The United States-Mexico-Canada Agreement (USMCA) has positively affected the automotive sector in the four years since its implementation and automakers are increasingly investing in zero-emission and hybrid vehicles, according to the US Trade Representative (USTR)
July 3, 2024
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By Alesha Alkaff
Insights
Battery raw material price volatility spurs holistic hedging strategies, industry experts say
Heightened price volatility observed in many energy metals underpinning the energy transition, including lithium and cobalt, has encouraged the deployment of a variety of hedging strategies, including the increased use of financial tools, industry participants have told Fastmarkets.
July 2, 2024
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By Dalila Ouerghi
Insights
BASF to cancel $2.6 billion nickel-cobalt refining project in Indonesia
German chemical producer BASF announced on Monday June 24 that it will exit a $2.6 billion investment in a nickel-cobalt refining project in Weda Bay, Indonesia due to significant changes in the nickel market since the inception of the project
June 26, 2024
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By Sybil Pan
Insights
New ARZYZ FRP project opportunity for Mexico to depend less on imports
Mexican secondary aluminium alloy smelter and distributor of primary metals ARZYZ Metals expects that the company’s new project to produce domestic flat-rolled products (FRP) will reduce Mexico's dependence on imports, a press officer told Fastmarkets on Monday June 24
June 26, 2024
·
By Leticia Simionato
Insights
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