As announced on 15 th November 2023, the Biden administration is allocating $3.5 billion from the 2021 infrastructure law to boost domestic production of advanced batteries, battery metals, and materials in
Industry history and context. In the past 30 years, since their commercialization, lithium-ion (li-ion) batteries have been used in an increasingly diverse range of products, starting from early generation handheld electronics to now powering cars and buses.
Battery demand is booming, as electric vehicles replace conventional diesel and petrol models, e-bikes become a fashion item, and other sectors, including construction and agriculture,
Although lithium is plentiful in the ground, significant investments in new mines and refineries are required for supply to meet demand in the future. Business uncertainty could jeopardize this investment. As a
In total, at least 120 to 150 new battery factories will need to be built between now and 2030 globally. In line with the surging demand for Li-ion batteries across industries, we project that revenues along the entire value chain will increase 5-fold, from about $85 billion in 2022 to over $400 billion in 2030 (Exhibit 2). Active materials and
As announced on 15 th November 2023, the Biden administration is allocating $3.5 billion from the 2021 infrastructure law to boost domestic production of advanced batteries, battery metals, and materials in the United States. This funding, part of the second phase of a $6 billion package, supports projects related to battery-grade
WESTBOROUGH, Mass., (September 6, 2023) — Ascend Elements, a U.S.-based manufacturer of sustainable, engineered battery materials for electric vehicles, today announced it has raised $542 million in new equity investments, including $460 million in Series D investments and $82 million of additional investments from earlier this year.
In a mid-2023 Tesla earnings call, Musk seemed relieved to see prices for the battery metal had declined. "Lithium prices went absolutely insane there for a while," he said.
Joint venture to build an all-new lithium iron phosphate (LFP) battery plant at Stellantis'' Zaragoza, Spain site Production is planned to start by end of 2026 and could reach
13 小时之前· Lithium-ion batteries are indispensable in applications such as electric vehicles and energy storage systems (ESS). The lithium-rich layered oxide (LLO) material offers up to 20%
The Series A funding marks a significant milestone for Altilium, validating its pioneering approach to producing low-carbon, sustainable battery materials from recycling lithium-ion batteries. The investment from SQM will
WESTBOROUGH, Mass., Sept. 6, 2023 /PRNewswire/ -- Ascend Elements, a U.S.-based manufacturer of sustainable, engineered battery materials for electric vehicles, today announced it has raised...
Ford, GM and Stellantis, the owner of the Jeep and Peugeot brands, have invested in or offered pre-financing to lithium, cobalt and nickel producers. GM''s latest investment, however, represents...
WESTBOROUGH, Mass., Sept. 6, 2023 /PRNewswire/ -- Ascend Elements, a U.S.-based manufacturer of sustainable, engineered battery materials for electric vehicles, today announced it has raised...
The new lithium-ion battery includes a cathode based on organic materials, instead of cobalt or nickel (another metal often used in lithium-ion batteries). In a new study, the researchers showed that this material, which could be produced at much lower cost than cobalt-containing batteries, can conduct electricity at similar rates as cobalt batteries. The new
6 天之前· Volkswagen Group, PowerCo and Canadian lithium company Patriot Battery Metals form a strategic partnership to secure the long-term supply of lithium raw materials from North America. This is the first investment for PowerCo and Volkswagen in the lithium supply chain, underlining PowerCo''s ambition to execute on its vertical integration strategy – from mine to
The Series A funding marks a significant milestone for Altilium, validating its pioneering approach to producing low-carbon, sustainable battery materials from recycling lithium-ion batteries. The investment from SQM will accelerate the commercialisation of Altilium''s proprietary battery recycling technology, which enables the
From EV battery recycling to commercial-scale production of lithium-ion battery precursor (pCAM) and cathode active materials (CAM), Ascend Elements is revolutionizing the production of
13 小时之前· Lithium-ion batteries are indispensable in applications such as electric vehicles and energy storage systems (ESS). The lithium-rich layered oxide (LLO) material offers up to 20% higher energy
Interested in battery metals investing? Learn about the metals used in batteries with our quick guide to lithium, cobalt, graphite, vanadium and manganese.
Ford, GM and Stellantis, the owner of the Jeep and Peugeot brands, have invested in or offered pre-financing to lithium, cobalt and nickel producers. GM''s latest investment, however, represents...
Battery demand is booming, as electric vehicles replace conventional diesel and petrol models, e-bikes become a fashion item, and other sectors, including construction and agriculture, electrify. The global market for battery manufacturing is forecast to reach €450 billion euros by 2035, according to an Oliver Wyman analysis. This is 10 times
One of the common cathode materials in transition metal oxides is LiCoO 2, which is one of the first introduced cathode materials, Shows a high energy density and theoretical capacity of 274 mAh/g. However, LiCoO 2 was found to be thermally unstable at high voltage [3].The second superior cathode material for the next generation of LIBs is lithium
Guangzhou Tinci Materials Technology, a China-based chemical manufacturing company that develops, manufactures and sells fine chemicals and new materials, has announced plans to invest $280m (2.02bn yuan) to open a new plant in Morocco.The new factory will produce and sell lithium-ion (Li-ion) battery materials. The move comes soon after
Joint venture to build an all-new lithium iron phosphate (LFP) battery plant at Stellantis'' Zaragoza, Spain site Production is planned to start by end of 2026 and could reach up to 50 GWh capacity Stellantis is committed to bringing more affordable battery electric vehicles in support of its Dare Forward 2030 strategic plan leveraging its dual-chemistry
To understand how recycling may be able to decrease the effects and costs of battery recycling, the materials used in batteries and their costs should be defined, and the cost of new materials and recycled materials compared. Mining and refining of virgin materials and recycling used materials for batteries exact environmental costs. As an example, 1 ton of virgin
investment in the domestic lithium battery supply chain to date. It will also need to respond to the aggressive actions of competing nations that recognized the importance of lithium battery technology early on. Objective 1: Improve investment attractiveness of U.S.-based lithium battery technology and material production
WESTBOROUGH, Mass., (September 6, 2023) — Ascend Elements, a U.S.-based manufacturer of sustainable, engineered battery materials for electric vehicles, today announced it has raised $542 million in
Our sustainable lithium-ion battery materials will power EV batteries and accelerate the global transition to zero carbon emissions,” said CEO Mike O’Kronley of Ascend Elements. “Together, we are investing in North America’s critical EV battery infrastructure and bringing good manufacturing jobs back to the United States.”
The global market for Lithium-ion batteries is expanding rapidly. We take a closer look at new value chain solutions that can help meet the growing demand.
Lithium Americas’ Thacker Pass mine is expected to begin production in the second half of 2026 and will generate enough lithium for up to 1mn EVs a year. Despite being among the most lithium-rich countries in the world, the US has only one operational lithium mine, which is also located in Nevada.
Lithium has risen to the top of carmakers’ security of supply concerns for future EV production. The metal’s price has surged about 10 times since the start of 2021 because of shortages, and developers have been struggling to bring new production online on time.
But a 2022 analysis by the McKinsey Battery Insights team projects that the entire lithium-ion (Li-ion) battery chain, from mining through recycling, could grow by over 30 percent annually from 2022 to 2030, when it would reach a value of more than $400 billion and a market size of 4.7 TWh. 1
Ford, GM and Stellantis, the owner of the Jeep and Peugeot brands, have invested in or offered pre-financing to lithium, cobalt and nickel producers. GM’s latest investment, however, represents a significant escalation in the contest to secure battery metals and highlights growing integration between the automotive and mining industries.
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