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Spodumene prices rose on Wednesday November 6 as Chinese lithium producers restocked, but news of the US election result late in the session weakened sentiment.
Donald Trump has previously said he plans to repeal the Inflation Reduction Act (IRA), at least partially, and rescind its unspent funds.
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.
Li-Cycle announced on Thursday October 31 that it had entered an agreement with Glencore to sell 100% of the premium nickel-cobalt mixed hydroxide precipitate (MHP) production at its stalled hub in Rochester, New York – a step that could support Li-Cycle’s efforts to finalize a loan with the US Department of Energy (DOE).
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
African material will remain part of the tantalum supply chain regardless of the lithium market, according to Ian Margerison, executive marketing manager at the Tantalum-Niobium International Study Center (TIC).
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