Category: Battery Minerals

Mar 19

America’s timeline for development of domestic battery metal supply chain may be unrealistic

By 2027, for an EV to be tax-credit eligible in the US, 80% of the market value of critical minerals in its battery must be extracted or processed domestically or by US free-trade partners (FTPs), Northwestern University researchers say. In a commentary published in the journal Nature Sustainability, Jennifer Dunn and Jenna Trost wrote that while this goal – part of the 2022 Inflation Reduction Act – is well-intended, there are reasons to believe the mandate is unreachable and could Read Full Details…

Mar 06

Global Demand of Lithium and Cobalt for Electric Vehicles and Future Business scope in India

Electric Vehicles (EVs) have emerged as a key solution to reduce carbon emissions and mitigate climate change. The global demand for Lithium and Cobalt, two essential components of the batteries that power EVs, has been on the rise in recent years. With the increase in the production and adoption of EVs, the demand for these materials is expected to continue to grow. This article explores the global demand for lithium and cobalt for electric vehicles and the future business scope Read Full Details…

Jan 25

Korea Depends More Heavily on Battery Raw Materials from China

Korea’s dependence on China for lithium-ion battery materials, such as lithium hydroxide, cobalt, and graphite, has increased, the Korea International Trade Association (KITA) said on Jan. 24. According to KITA trade statistics released on Jan. 24, China accounted for 87.9 percent of Korea’s lithium hydroxide and lithium oxide imports in 2022, which amounted to US$3.676 billion. The figure represented an increase of 4.1 percentage points from 83.8 percent in 2021. Lithium hydroxide is mainly used for nickel cobalt manganese (NCM) Read Full Details…