Koch Minerals and Trading, a subsidiary of Koch Industries, has made a $252-million investment in Compass Minerals to support phase-one development of Compass’s Great Salt Lake resource, which is estimated to contain 2.4 mMT of lithium carbonate equivalent (LCE). Compass will use $200 million of the proceeds to advance the first phase of its lithium… Read more »
Search Results Found For: "Compass Minerals"
LG Energy Solution partners with Compass Minerals to secure US lithium supply chain
LG Energy Solution has signed a non-binding Memorandum of Understanding (MoU) with Compass Minerals (NYSE: CMP), a provider of essential minerals for producing battery-grade lithium. Under the terms of the MoU, Compass Minerals would supply LGES with lithium carbonate and hydroxide. LGES would be supplied with as much as 40% of Compass’s planned annual phase-one… Read more »
Compass Minerals converts Great Salt Lake lithium brine to battery-grade lithium hydroxide
Compass Minerals has announced the successful third-party conversion testing of its lithium brine resource into both lithium carbonate and battery-grade lithium hydroxide, representing a significant milestone in its previously announced lithium development project. Veolia Energy conducted lithium chloride to lithium hydroxide conversion testing using a proven, commercially viable conversion process. The company believes this is… Read more »
Ford signs lithium and nickel deals to secure IRA-compliant supply
One way to gauge how serious an automaker is about electrification is to consider whether it’s securing supplies of the raw materials that will be required to build large quantities of EVs (as opposed to just issuing press releases about EVs). The US Inflation Reduction Act, which includes strong incentives to use raw materials sourced… Read more »
LG Energy Solution partners with three Canadian cobalt and lithium suppliers
LG Energy Solution has signed separate partnership agreements with three mineral suppliers in Canada. LGES will purchase cobalt from Electra Battery Materials, and lithium from Snow Lake Resources and Avalon Advanced Materials. LGES signed a binding term sheet with Electra, which will supply 7,000 tons of cobalt sulfate for three years starting in 2023. Electra… Read more »
Kia EV9 and Volvo EX30: Are they 2024’s most important EVs?
One’s a three-row midsize SUV under $60,000; the other’s a compact hatchback that starts in the mid-30s. Now we’ve driven both. Choosing “best of” or “most important” new cars is always dicey, and doubly so with electric vehicles. New entries are announced virtually every month, and picking the 2025 models that will be most important… Read more »
Critical battery metals could be mined from polymetallic nodules found on the ocean floor
The electrification of global transport and buildout of renewable energy storage will require hundreds of millions of tons of nickel, cobalt, copper and manganese. As demand rises, so will concerns about shortages, and the environmental and social costs of producing these metals. DeepGreen Metals is a deep-sea minerals exploration and development company with a mission… Read more »