Disruptions to cobalt supplies in the DRC are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year.
Pricing may become more nuanced as Waymo collects more data from the commercial program, once it figures out how to charge for in-ride entertainment and advertising, analysts expect base fares to drop.
In the past two years, Cat has been working on growing its offering, particularly in the underground segment, as well as filling up some gaps in terms of trucks sizes.
The deal will see Altura supply Ganfeng with 8,000 tonnes of 6-percent spodumene concentrate this year and a minimum of 70,000 tonnes per year from 2019 to 2021.
Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries.