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Graphite producers calm in face of Trump re-election, but Musk influence raises questions
Non-Chinese graphite producers were measured in their reaction to Donald Trump’s re-election on Wednesday November 6, predicting an unclear net impact of his potential policies on the build-out of supply chains for the battery raw material outside of China.
November 7, 2024
·
By Solomon Cefai
Insights
DOE announces $44.8 million in funds for battery recycling; sources believe efforts to continue regardless of election results
The United States Department of Energy (DOE) announced on Thursday October 31 a further $44.8 million in funding from the Bipartisan Infrastructure Law (BIL) for eight projects to lower the costs of recycling electric vehicle (EV) batteries and EV battery components to ultimately decrease overall EV costs.
November 6, 2024
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By Kirstyn Petras
Insights
Electric vehicle economics: How lithium-ion cell costs impact EV prices
Lithium prices have fallen significantly, putting the cost of cells at 7.5% of the price of an EV as of August 2024 (Tesla Model 3 Base, USA), down from 15% in January 2023. Find out how falling raw materials prices are impacting auto OEMs and reshaping global EV pricing strategies
November 5, 2024
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By Muthu Krishna
Insights
Chinese shipments of energy storage batteries outpace growth in EV batteries
The growth in Chinese shipments of batteries for energy storage systems (ESS) is far outstripping the growth in deliveries of batteries for electric vehicles (EVs), sources told Fastmarkets in the week to Friday November 1.
November 1, 2024
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By Nina Hu
Insights
Geo-economic tensions fuel electrical steel race between China, India
China and India are ramping up electrical steel production through new joint ventures and acquisitions to meet rising global demand and sustainability goals.
October 31, 2024
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By Suresh Nair, Sam Li Xiaoyu, the Fastmarkets team
Insights
UK chancellor promises ‘no higher taxes at petrol pump’ next year in Autumn Budget
UK Chancellor of the Exchequer Rachel Reeves has confirmed that fuel duty will not rise in 2025, keeping the previous 5 pence-per-liter discount in place.
October 31, 2024
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By Alexandra Chapman
Insights
Top cobalt producer, CMOC, smashes through 2024 guidance with three months to go
The world’s largest cobalt producer has cemented its place at the top with the release of a third-quarter financial report highlighting the company has smashed through its full-year production guidance with three months to go.
October 29, 2024
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By Alexander Cook
Insights
Northern Graphite partners with Rain Carbon to become integrated mine-to-battery producer
Northern Graphite and Rain Carbon have partnered to produce natural graphite-based battery anode material (BAM) for lithium-ion batteries for electric vehicles (EVs), with commercial availability expected by 2027, Northern Graphite CEO Hugues Jacquemin told Fastmarkets.
October 23, 2024
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By Luna Zhu
Insights
China’s Jan-Sep cobalt intermediate imports outstrip 2023 total, oversupply endures
Imports of cobalt intermediates have continued to rise in China, with January-September volumes already exceeding that of the entire previous year. This excessive inflow has led to an enduring oversupply in the domestic cobalt market, sources have told Fastmarkets
October 22, 2024
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By Carrie Shi
Insights
Trafalgar sets sights on rare earth magnet plant in India
Indian engineering and procurement firm Trafalgar announced plans to build India’s first rare earth metals, alloy and magnet plant at the Metal Events 20th International Rare Earths Conference in Washington on Tuesday October 15
October 18, 2024
·
By Caroline Messecar
Insights
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