London gold market queues up to borrow central bank gold after big shipments to US
Over the last two months, 12.2 million troy ounces of gold were delivered to COMEX-approved warehouses.
New Zealand-based battery materials company CarbonScape announced Monday it has signed several agreements for the supply of renewable feedstock to its future biographite industrial plants in Europe and North America.
The agreements, inked with some of the largest forestry companies in the world, follow CarbonScape’s announcement of plans to build a demonstration facility in Kotka, Finland, after having operated their pilot plant facility in New Zealand where it has been producing biographite over the past six years.
The deals outline the terms for CarbonScape’s suppliers to provide a secure, long-term supply of sustainably sourced woodchip, the feedstock in its biographite production process, sufficient to cover full industrial production capacity for at least 10 years.
Biographite, as a sustainable alternative to traditional graphite, is produced using woodchip side streams from the renewable forestry and timber industry, offering a low-cost, locally produced, high-performance anode material for the rapidly growing lithium-ion battery market.
In 2023, CarbonScape received an investment of $18 million led by renewable products provider Stora Enso, global lithium-ion battery innovator ATL and other strategic partners.
CarbonScape said it plans to begin constructing its first industrial plant in 2027.
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