Sumitomo Metal to invest $424m to boost battery materials output
The Japanese firm will hike production capacity of cathode materials for rechargeable batteries used in EVs to meet burgeoning demand.
The Japanese firm will hike production capacity of cathode materials for rechargeable batteries used in EVs to meet burgeoning demand.
Geopolitical risks and the US-China tensions pose threats on the global lithium supply chain, according to a new report by Fitch Solutions.
Although tech and bank CEOs get all the limelight, eight of the 100 richest people in the world are in the metals and mining industry.
US companies in June hired the most workers in 10 months, raising wages and offering incentives to entice millions of unemployed Americans.
“We don’t have these resources in Europe, or very little” of them, Eramet CEO Christel Bories said in an interview.
The Pacific island nation has notified a United Nations body of plans to start deep-sea mining, giving the International Seabed Authority two years to complete long-running talks on rules governing the new and controversial industry.
The new methods involve retrieving parts of the battery so they can be reused, which can drastically cut costs and carbon emissions.
China's Wuxi Stainless Steel Exchange said trading in its new lithium contract would begin next week.
Canada is considered one of the world’s premier mining jurisdictions thanks to its refined financial services industry, skilled workforce and robust regulatory environment.
As the world moves to meet stringent targets for cutting carbon emissions, demand for lithium, cobalt and nickel vital for electric vehicle batteries will soar.