CATL profit surges as battery giant moves on from tough quarter
CATL’s Shenzhen-listed shares have gained about 50% since a low in May as the company ramps up global capacity.
CATL’s Shenzhen-listed shares have gained about 50% since a low in May as the company ramps up global capacity.
Amid all the excitement about battery metal demand, prices for cobalt have plunged 40% from their highs earlier this year.
Swedish miner declared force majeure due to a strike among Norwegian electrochemical industry workers.
The agreement includes the production ramp-up of cathode materials.
A recent study states that global demand for sulfuric acid is set to rise significantly from 246 to 400 million metric tonnes by 2040.
Analyst expects the constellation of base metals companies under coverage’s second quarter results to fall below expectations when they start reporting results from month's-end.
Move is a bid to reverse the cancellation of mineral leases for the company's proposed copper and nickel mine.
Years of neglecting its critical metal supplies is finally catching up with the United States.
Purchases of crude, oil products, gas and coal rose to $35 billion since the war in Ukraine began, from about $20 billion a year earlier.
Automakers have sealed agreements with Canada to secure access to raw materials such as nickel, cobalt and lithium for battery production.