Battery Metals - Copperbelt Katanga Mining

Tesla To Buy 45 GWh Of LFP Batteries From CATL

November 13, 2021November 13, 2021 admin

Citing a post by 36kr, Chinese website CnEVPost says Tesla has agreed to buy 45 GWh of lithium-iron-phosphate batteries from CATL to meet its expected demand for the Model 3 and Model Y in 2022. The Model 3 and Model Y are currently available with LFP batteries in their standard range versions, with the former having a 55 kWh battery and the latter a 60 kWh battery. The purchase will be enough to power about 800,000 vehicles. The company sold 627,350 cars in the first 9 months of this year. Tesla’s Nevada battery factory will soon… Read More Here

Battery Metals International

JOHNSON MATTHEY EXITS BATTERY MATERIALS BUSINESS IN BLOW TO EUROPE

November 11, 2021November 11, 2021 admin

Johnson Matthey’s shares plunged as much as 20% on Thursday after the British chemicals company said it would exit its battery materials business due to crushing competition and that CEO Robert MacLeod would step down next year. The London-listed company said potential returns from the battery materials unit could not justify investments anymore as it struggles to compete with more established large scale and low cost producers. It was looking at a sale of all or part of the unit, with the “ultimate intention of exiting”. “This decision will allow us to… Read More Here

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The commodity boom is starting to push battery prices higher

November 5, 2021November 5, 2021 admin

The world’s biggest battery market is showing the strain of surging commodity prices. Chinese manufacturer Gotion High-tech Co. sent a letter to customers in mid-October seeking to adjust battery prices, citing a jump in the cost of cathode materials and electrolyte to copper and aluminum foil. The company said it “has tried its best to reduce the cost impacts but with little effect.” Gotion’s move underscores a key hurdle the world faces in its transition to cleaner, greener energy sources. Electric-vehicle sales have soared as companies were able to make… Read More Here

Battery Metals International Lithium

TESLA SIGNS THREE YEAR LITHIUM SUPPLY DEAL WITH CHINA’S GANFENG LITHIUM

November 5, 2021November 5, 2021 admin

Tesla has signed a three-year deal to buy lithium from Ganfeng Lithium, as it secures supplies of the battery raw material following a rapid rise in prices this year. The agreement for battery grade lithium hydroxide will start at the beginning of next year, Ganfeng said, without giving further details. “The actual purchasing quantity and sales amount will depend on the purchasing orders placed by Tesla,” Ganfeng said. The deal comes following a 91 per cent increase in lithium hydroxide CIF Asia prices this year to $19,250 a tonne, according… Read More Here

Battery Metals Lithium Mining in DRC Tin

AVZ Announces Quarterly Activates for the period ended 30 Sept 2021.

October 29, 2021October 29, 2021 admin

AVZ Minerals Limited (ASX: AVZ, “the Company”) presents its Quarterly Activities Report for the period ended 30 September 2021 and is pleased to provide the following commentary and update to shareholders.AVZ Managing Director, Mr. Nigel Ferguson said: “The cornerstone investor deal with CATH marked one of the most significant days in our Company’s short history and clearly indicated to the world how important our Manono Lithium and Tin Project is.”“AVZ is very excited to have someone of the calibre of Mr. Pei Zhenhua and Contemporary Amperex Technology Limited (“CATL”) as… Read More Here

Battery Metals Lithium Mining in DRC Tin

Manono Lithium and Tin Project Corporate Update

October 20, 2021October 20, 2021 admin

AVZ Minerals Limited (ASX: AVZ or “the Company”) is pleased to provide an operational update on the progress of various matters relating to its flagship Manono Lithium and Tin Project (“Manono Project”).Transaction Implementation Agreement (“TIA”) As previously announced on 27 September 2021, the Company has entered into a deal with CATH to develop the Manono Project.Proceeds from the transaction will fund a majority of project development capital. CATH has now paid the US$20 million break fee (held in an escrow account). The completion of the transaction is subject to the… Read More Here

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Chinese to plough US$400m into AVZ lithium project

September 30, 2021September 30, 2021 admin

AVZ Minerals has locked down US$400 million in funding, a new off-take partner and Chinese backers with very deep pockets and an intimate understanding of lithium battery manufacturing. It looks like it’s game on now for AVZ’s extraordinary Manono lithium project in the DRC after Suzhou CATH Energy Technologies, or “CATH” agreed to pick up 24 per cent of the project for US$240 million and also stump up its share of the project’s CAPEX. In total, the transaction will inject more than US$400 million into the project, which AVZ says… Read More Here

Battery Metals Lithium Mining in DRC

Expansion study at Manono starts

September 29, 2021September 29, 2021 admin

ASX-listed AVZ Minerals has started an expansion scenario study for its Manono lithium and tin project, in the Democratic Republic of Congo (DRC). The study will investigate an increase in throughput at Manono dense media separation (DMS) plant, up from the 4.5-million tonnes considered in the project’s definitive feasibility study. The expansion scenario was raised in the recent $400-million transaction with Chinese investment firm CATH Energy Technologies, under which CATH would earn a 24% interest in a multi-faceted joint venture (JV) to develop the Manono lithium and tin project. CATH… Read More Here

Battery Metals

Battery parts can be recycled without crushing or melting

September 27, 2021September 27, 2021 Chilombo Mahamba

New recycling method replenishes lithium in electrodes while keeping existing structure intact – and performance is nearly as good as new ones The proliferation of electric cars, smartphones, and portable devices is leading to an estimated 25 percent increase globally in the manufacturing of rechargeable batteries each year. Many raw materials used in the batteries, such as cobalt, may soon be in short supply. The European Commission is preparing a new battery decree, which would require the recycling of 95 percent of the cobalt in batteries. Yet existing battery recycling… Read More Here