The battery industry has witnessed its largest decline in prices since 2018, but the reasons behind this drop differ from previous years. Unlike past reductions predominantly driven by technological advancements, the price decrease in 2023 is primarily due to lower raw material costs, especially lithium. This decline results from increased production capacity across the battery value chain, spanning raw materials...
Betolar has teamed up with Metso for a three-year project focusing on the sustainable use of by-products from the lithium hydroxide process. This initiative is set to globally expand Betolar’s technology in conjunction with Metso’s lithium hydroxide processing, targeting clients in the mining and refinery sectors. Converting Analcime Sand for Construction Use The collaboration is aimed at repurposing analcime sand,...
The battery industry, pivotal to the energy transition, is witnessing a potential shift with increasing interest in sodium-based technology. Sodium, abundant in rock salts and brines, offers a cheaper alternative to lithium, which currently dominates the market. Although sodium batteries have yet to be widely adopted, primarily due to their lower energy density compared to lithium batteries, recent developments suggest...
Invitations to Industry Leaders Nickel Industries is actively inviting major electric vehicle (EV) and battery manufacturers, including Tesla and Panasonic, to visit its Indonesian operations. The Australian company is in the process of expanding its nickel production capabilities to cater to the EV industry. Focus on High Purity Nickel Production The company is developing a $2.3 billion facility in Morowali,...
New Tender Opportunities for ACC PLI Scheme The Indian government is set to launch a new round of tenders for the Advanced Chemistry Cells (ACC) Production-Linked Incentive Scheme with a capacity of 20-GWh by December 2023. This initiative opens opportunities for companies that either missed out in the initial round or were unable to apply, to partake in the scheme...
Efficiency and Environmental Impact The advancements in battery technology are significantly impacting various sectors, including electric vehicles and energy storage. While lithium-ion and lead batteries currently dominate the market, with lifespans of 10 and 3 years respectively, emerging technologies are pushing for more efficient alternatives. Sodium Batteries: A Promising Alternative UCB, a leading energy storage company, introduced sodium batteries as...
Key Mineral Agreement Signed Australia and Indonesia have inked a significant mineral agreement, marking a strategic move in the global electric vehicle (EV) supply chain competition. The memorandum of understanding, signed in Jakarta by Australia’s Minister of Industry and Science, Mr. Husicki, focuses on “mutually beneficial cooperation” in battery manufacturing and key mineral processing, particularly lithium and nickel. Strategic Developments...
Ambitious EV Adoption Goals Governments in Canada, the US, and other nations are aggressively pushing for a transition to electric vehicles (EVs). Canada aims for 35% of all new medium- and heavy-duty vehicle sales to be electric by 2030, reaching 100% by 2040. Similarly, the US targets 50% of new passenger cars and light trucks to be electric or electric...
Implications of EV Mandates on Mining A recent study by the Fraser Institute, a Canadian public policy think-tank, reveals that to fulfill international government mandates for electric vehicles (EVs), it is necessary to establish 388 new mines. This requirement is to procure essential metals like nickel and lithium for EV production. The study raises critical concerns about the feasibility of...
New Solar Farm Operational BHP, in partnership with TransAlta, has activated a new solar farm in the Northern Goldfields. This facility, comprising approximately 70,000 solar panels, is one of the largest off-grid mining solar and battery energy storage systems globally. It spans 90 hectares and aims to reduce BHP’s scope 2 emissions at its Nickel West northern operations by 12%....
