Europe

Automakers are accelerating their efforts to secure raw materials for batteries

With the growing demand for electric vehicles (EVs) worldwide, automakers such as Tesla (TSLA.O), Volkswagen (VOWG_p.DE) and Stellantis NV (STLA.MI) are turning to battery manufacturing. We are strengthening our efforts to secure the necessary raw materials. .

Below are some of the deals announced by major automakers with suppliers and miners.

Tesla (TSLA.O):

Aug 26, 2022 – Tesla supplier Panasonic Holdings (6752.T) is in talks to build an additional EV battery factory in the US at a cost of about $4 billion.read more

1 March 2022 – Core Lithium of Australia (CXO.AX) will deliver up to 110,000 dry metric tons of spodumene concentrate, the main source of lithium, over four years from the second half of 2023.read more

1 November 2021 – China’s Ganfeng Lithium (002460.SZ) to supply an undisclosed amount of battery-grade lithium for three years from 2022 Read more

22nd July 2021 – BHP Group of Australia (BHP.AX) will supply nickel from its Western Australia plant. Quantity and timing are not disclosed.read more

Volkswagen (VOWG_p.DE):

23 August 2022 – Volkswagen has stepped up its efforts to secure access to its key battery materials lithium, nickel and cobalt and signed a cooperation agreement with key supplier Canada. Financial details were not disclosed.read more

8 December 2021 – Vulcan Energy Resources (VUL.AX) will provide Lithium Hydroxide for five years from 2026. Vulcan extracts lithium from geothermal sources in Germany’s Upper Rhine Valley region.read more

8 December 2021 – Belgium’s Umicore (UMI.BR) will supply cathode materials to Volkswagen’s European battery cell plants under a joint venture. With 20 gigawatt hours at the automaker’s plant in Salzgitter, Germany, he plans to start production in 2025.read more

Stellantis (STLA.MI):

24 June 2022 – Stellantis invests €50 million ($50.3 million) to buy an 8% stake in German-Australian startup miner Vulcan (VUL.AX), becoming its second largest shareholder , extending the Lithium Supply Agreement to 10. Year.read more

June 2, 2022 – Controlled Thermal Resources will supply up to 25,000 tons of lithium hydroxide per year for 10 years from the California project.read more

29 November 2021 – Preliminary deal with Vulcan (VUL.AX) for lithium produced using German geothermal energy. Over his five-year period from 2026, Vulcan will supply his 81,000-99,000 tonnes of battery-grade lithium hydroxide.read more

Renault (RENA.PA):

1 June 2022 – Moroccan mining company Managem (MNG.CS) will supply 5,000 tonnes of low-carbon cobalt sulfate under a seven-year contract starting in 2025.

21 November 2021 – Vulcan (VUL.AX) will supply 26,000 to 32,000 tonnes of battery-grade lithium chemicals for the first six years from 2026.read more

8 October 2021 – MoU with Finnish nickel and cobalt miner Terrafame to supply nickel sulfate. Quantities and timelines were not disclosed.

Mercedes-Benz (MBGn.DE):

23 August 2022 – Mercedes-Benz has signed a cooperation agreement with Canada to ensure access to lithium, nickel and cobalt. The company will explore a strategic partnership with Rock Tech Lithium (RCK.V) to supply up to 10,000 tonnes of lithium hydroxide annually from 2026 to automakers and their battery partners.read more

BMW (BMWG.DE):

5 August 2022 – BMW has signed a non-binding Memorandum of Understanding with European Lithium Ltd (EUR.AX) for the supply of lithium hydroxide.

June 7, 2022 – BMW-backed US start-up Lilac Solutions was competing for a mining partnership in Bolivia to tap the world’s largest lithium resource.read more

Toyota (7203.T):

Aug 1, 2022 – A joint venture between Toyota and Panasonic (6752.T) will purchase lithium from the Riolite Ridge mining project in Ionia, Nevada (INR.AX) to manufacture EV batteries in the United States.read more

4 October 2021 – BHP Group (BHP.AX) will supply nickel sulfate from Western Australia to a joint venture between Toyota and Panasonic. Details were not disclosed.read more

General Motors (GM.N)

3 August 2022 – GM will make an upfront payment of $198 million to Livent Corp (LTHM.N) to guarantee lithium supply for six years from 2025 at contract price per tonne. Undisclosed volume.read more

July 2, 2021 – GM will help develop Controlled Thermal Resources Ltd’s Hell’s Kitchen geothermal brine project near the Salton Sea with a “multi-million dollar investment.” The project could produce enough of his 60,000 tonnes of lithium to build about 6 million EVs by mid-2024.read more

April 12, 2022 – Minor Glencore (GLEN.L) will supply cobalt secured from Australia’s Murrin Murrin operations for use in GM’s Ultium battery cathodes. Details were not disclosed.read more

Ford (FN)

22nd July 2022 – Ioneer Ltd has signed a binding offtake agreement with Ford to supply lithium from Rhyolite Ridge, Nevada.

July 14, 2022 – Ford Motor Company, SK ON and SK Battery America have formed a joint venture to build and operate an EV battery plant in Tennessee and two plants in Kentucky.

29 June 2022 – Australia’s Liontown Resources (LTR.AX) will supply up to 150,000 dry metric tons of lithium source spodumene concentrate per year from the Kathleen Valley Project in Western Australia for five years from 2024 It’s a schedule.read more

11 April 2022 – Ford has signed a preliminary agreement to purchase 25,000 tonnes per year of lithium from Lake Resources’ (LKE.AX) Kachi project in northern Argentina.read more

September 22, 2021 – Ford is partnering with startup Redwood Materials to create a “closed-loop” or circular supply chain for electric vehicle batteries, from raw material to recycling.read more

($1 = 0.9939 Euro)

https://cyprus-mail.com/2022/08/28/automakers-accelerate-drive-to-secure-battery-raw-materials/ Automakers are accelerating their efforts to secure raw materials for batteries

Back to top button