Asset management firm Coronation has reversed its stance on the platinum group metals (PGMs) sector, deciding to reinvest after initially pulling out a year ago due to concerns that the industry was facing a decline. The firm’s change of heart is largely attributed to the recent slowdown in the adoption of battery electric vehicles (EVs),...
READ MOREIndonesia plans to begin exporting nickel-based materials for electric car batteries to the United States in November, marking a significant step in the country’s expanding role in the global electric vehicle (EV) supply chain. Energy Minister Bahlil Lahadalia announced that these precursor materials for battery production would be supplied to Tesla, although details on the...
READ MOREIndonesia has taken a significant step towards becoming an electric vehicle (EV) manufacturing hub with the inauguration of its first lithium iron phosphate (LFP) factory earlier this month. However, analysts caution that the country’s heavy reliance on Chinese investment could pose challenges in marketing the cathode material to Western markets. Chinese companies, equipped with ample...
READ MORECanada’s Lithium Americas announced that General Motors (GM) will increase its planned investment in the Thacker Pass lithium project in Nevada by nearly 90%, to $625 million, giving the automaker an ownership stake in the mine that produces lithium—a critical component for electric vehicle (EV) batteries. The expanded investment follows a $2.26 billion preliminary commitment...
READ MORESolus Advanced Materials, a South Korean company specializing in copper foil, has announced that its subsidiary, Volta Energy Solutions Canada, has finalized an agreement with Investissement Québec. The agreement secures financial incentives for the construction of the first copper foil plant in Canada, located in Quebec, to support the electric vehicle (EV) battery industry. The...
READ MOREBridgnorth Aluminium has embarked on a £2 million investment in new technology at its 66-acre site in Shropshire, marking a significant step in its long-term growth strategy. The company, which employs over 330 people, reported a 33% increase in sales in 2024 and is actively recruiting for an additional 10 roles to support its expansion....
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