Italy’s government has decided to reallocate €200 million ($222.78 million) in European Union funds, previously designated for a Stellantis-led battery plant in Termoli, to other green initiatives. This decision follows Stellantis’ announcement of delays in its European battery gigafactories, driven by slower-than-expected demand for electric vehicles (EVs). Automotive Cells Company (ACC), a joint venture involving Stellantis, Mercedes, and TotalEnergies, had...
Anson Resources has received final approval from the State of Utah, Department of Natural Resources, Division of Water Rights, allowing its subsidiary, A1 Lithium, to begin brine extraction at the Green River lithium project. This approval marks a critical milestone for the company as it progresses toward large-scale lithium production in the United States. The decision confirms that the project...
Panasonic Energy and Mazda Motor Corporation have announced plans to collaborate on the supply of next-generation cylindrical lithium-ion batteries for electric vehicles, with production slated to begin in 2027. This partnership aims to expand Japan’s battery manufacturing base and support the country’s push towards electric vehicle (EV) adoption. The collaboration is part of Mazda’s strategic roadmap, which divides its transition...
Indonesia’s Deputy Foreign Minister, Pahala Mansury, has emphasized that Indonesia’s rapidly growing nickel industry should not be viewed as a competitor to Australia’s nickel sector. Ahead of his visit to Sydney, Mansury is advocating for closer ties between the two nations, particularly in the critical minerals and electric vehicle (EV) battery production sectors. Indonesia’s nickel industry, largely funded by Chinese...
BAIYU Holdings has announced a significant development through its subsidiary, BMYA New Energy Technology, securing a $60 million purchase and sales contract for electric lithium batteries with Feng’s Auto Parts, a U.S. auto parts supplier. This deal marks the entry of BAIYU’s proprietary lithium battery brand into the U.S. market, enhancing its position in the new energy sector. Under the...
Chris Ellison, CEO of Perth-based Mineral Resources, one of Australia’s top lithium miners, has strongly criticized global automakers for their slow adoption of electric vehicles (EVs). This comes as a sharp decline in lithium prices, driven by a slowdown in EV sales, has pushed the industry into a challenging period. Ellison, who described the current situation as the “shittiest time”...
Eurobattery Minerals has signed a non-binding offtake agreement with Boliden for its Hautalampi battery minerals project in Finland. The agreement, set to last for at least ten years, marks a significant step forward for the company’s plans to produce carbon-free critical raw materials. Roberto García Martínez, CEO of Eurobattery Minerals, praised the agreement as a crucial milestone, highlighting the strong...
Samsung SDI and General Motors have solidified their partnership to bolster the electric vehicle (EV) market by finalizing an agreement to establish a joint battery manufacturing facility in the United States. The deal was formalized during a signing ceremony at Samsung SDI’s Seoul office on Tuesday, with key representatives from both companies in attendance. This agreement follows an initial pact...
Chinese mining giant Zijin Mining Group Co. has expressed concerns about revising its strategy for acquiring assets abroad through mergers and acquisitions, citing a slowing global economy, rising geopolitical tensions, and increasing project costs. This cautionary stance was highlighted in a recent press release from the company. China’s pivotal role in global mining supply chains, particularly for minerals essential to...
Lotte Energy Materials, a leading South Korean manufacturer of battery materials, has announced the development of a nickel-plated copper foil specifically designed for solid-state batteries, a significant innovation in the electric vehicle (EV) industry. The newly developed nickel-plated copper foil is a next-generation electrolytic copper foil, coated with nickel on both sides, which enhances surface corrosion resistance and conductivity. This...
