American Rare Earths secures research institute to progress Halleck Creek project in Wyoming
The Halleck Creek project was named last year as one of the world’s top 10 rare earth projects.
A report by Adamas Intelligence states that over 60% of all passenger EV battery capacity deployed globally in 2020 was in the form of high-nickel cells, such as lithium-nickel-cobalt-aluminum oxide batteries (NCA) or lithium-nickel-manganese-cobalt oxide or NCM 6- to 8-series cells.
According to the market analyst, Europe saw the greatest deployment of high-nickel cells in 2020, with NCM 6- and 7-series dominating the market. Europe was followed by China, where NCM 8-series was the most commonly used chemistry, while the US took the third spot, with high-nickel NCA batteries leading the way.
The report also says that nearly 20% of all passenger EV battery capacity deployed globally in 2020 was in the form of low-nickel cells, such as NCM 1- to 5-series cells.
“Last year, China saw the greatest deployment of low-nickel cells globally, followed closely by Europe and, at a distance, by the US. In virtually all regions globally, the low-nickel market is dominated by NCM 5-series and to a lesser extent NCM 1-series,” the document reads.
Adamas’ experts also say that, in 2020, less than 10% of all passenger EV battery capacity deployed across the world was in the form of no-nickel cells, such as lithium-iron-phosphate (LFP) and lithium-manganese oxide (LMO) or lithium-titanate (LTO) chemistries.
In this case, China saw the greatest deployment of no-nickel cells globally in 2020, predominantly LFP, followed by Europe and the US.
“While LFP captured less than 10% of the passenger EV market last year by battery capacity deployed, it’s worth noting that this share reached as high as 11% in the fourth quarter of 2020 and we expect will edge closer to 15% by the middle of 2021,” the report states.
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Joe
What can we conclude in the future? What direction will it take, H2 fuel cell?