Tesla’s EV market share seen plunging to 11% by 2025, BofA says Tesla is likely to lose its position as the dominant EV maker in the US to GM or Ford by 2025, says analyst John Murphy. Bloomberg News | July 1, 2022 | 8:44 am
Zijin adds China mine in race to join lithium’s global top tier The group plans to pay 1.8 billion yuan ($269 million) for a 71% stake in a company mining for lithium in Hunan province. Bloomberg News | July 1, 2022 | 8:24 am
California approves lithium tax despite industry’s warnings Governor Gavin Newsom approved the tax as part of a must-pass state budget on Thursday. Reuters | June 30, 2022 | 10:16 pm
Nornickel to discuss cancellation of treasury shares The company currently holds 791,227 treasury shares after last year's buyback. Reuters | June 30, 2022 | 2:32 pm
French President says deep-sea mining must not go ahead Deep-sea mining would involve using heavy machinery to suck up off the ocean floor nodules that contain cobalt, manganese, and other rare metals mostly used in batteries. Reuters | June 30, 2022 | 11:39 am
Volkswagen pulls out all stops to address China challenges Chief Executive Officer Herbert Diess called China the company’s “second home market” this week. Bloomberg News | June 30, 2022 | 10:57 am
California lithium tax would delay shipments to automakers, executives warn The brewing tension comes as America's largest state is trying to position itself as a leader in the green energy revolution. Reuters | June 30, 2022 | 8:19 am
Huayou to explore Zimbabwe lithium plant ‘when conditions are right’ China's biggest cobalt refiner acquired the hard-rock Arcadia lithium mine, just outside the capital Harare, for $422 million earlier this year. Reuters | June 30, 2022 | 7:51 am
LME examining UK’s sanctions on Nornickel boss Potanin The exchange is looking into the detail of the sanctions and what it may mean for itself, its participants, and Norilsk brands. Reuters | June 30, 2022 | 4:46 am