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The drive towards electrification and surge in demand for electric vehicles (EVs) has presented a complex set of challenges for the EV industry. You’ll need Fastmarkets forecasts and insights to help you:
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The Guangzhou Futures Exchange (GFEX) has set a daily position limit of 3,000 lots for non-futures firms and individuals on its September lithium carbonate futures contract, effective July 28. The move aims to address sharp price spikes and market volatility, even as oversupply persists.
The Detroit, Michigan-based automotive giant General Motors (GM) and the Carson City, Nevada-based lithium batteries recycler Redwood Materials announced on Wednesday July 16 that they have agreed to build energy storage systems (ESSs) using both new and recycled batteries.
Despite falling prices, three Brazilian lithium plants – owned by Sigma Lithium, Companhia Brasileira de Lítio (CBL) and AMG Lithium – are seeking to expand their operations in the coming years, in order to become more competitive in the global market, Fastmarkets heard during the “Lithium Business Brazil” event held July 8-10 in the state of Minas Gerais.
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