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Search Results Found For: "glencore"

GM and Glencore enter multi-year cobalt supply agreement

GM and mining giant Glencore have announced a multi-year sourcing agreement under which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia, to be used in GM’s Ultium battery cathodes. Both Glencore and GM are members of the Responsible Minerals Initiative (RMI), and Glencore’s Murrin Murrin operation conforms to the OECD-aligned… Read more »

Glencore and Britishvolt sign partnership for long-term supply of cobalt

Global mining giant Glencore has announced a long-term strategic partnership for the supply of responsibly sourced cobalt with battery startup Britishvolt. Glencore has also made an undisclosed investment in Britishvolt.  By securing a supply of a key battery ingredient from Glencore, Britishvolt hopes to significantly derisk its operations. David Brocas, Head Cobalt Trader for Glencore,… Read more »

SK Innovation and Glencore sign six-year cobalt supply deal

Global mining giant Glencore has signed a deal to supply Korean battery-maker SK Innovation with up to 30,000 tons of cobalt contained in hydroxide between 2020 and 2025. Glencore expects global demand for cobalt for EV batteries to reach 92 kilotons by 2025. The quantity of cobalt supplied under this contract will allow SK Innovation… Read more »

Benchmark Minerals: Battery production scrap will be the main source of recyclable material this decade

As demand for lithium-ion batteries accelerates, recycling of raw materials will be an essential part of the circular EV ecosystem. However, in the near term, the primary source of recyclable battery material will be scrap material from battery production, according to Benchmark Mineral Intelligence’s latest Recycling Report. Benchmark forecasts that scrap will account for 78%… Read more »

The EV raw materials crunch: How bad, how long, how to solve it?

This article originally appeared in Issue 60: April-June 2022 Subscribe now Every new technology must overcome a series of temporary constraints on its way to widespread adoption. Since modern EVs appeared a decade ago, they’ve motored past many of these bottlenecks, (or hurdles, or roadblocks—pick your preferred metaphor). Range has increased, access to charging infrastructure has expanded,… Read more »

Epiroc to supply EVs for new all-electric mine in Canada

Epiroc, a Swedish manufacturer of mining and infrastructure equipment, has won an order valued at over 100 million Swedish Kronor ($9.7 million) from mining giant Glencore in Canada for battery-electric equipment and automation solutions that will be used at an all-electric mine. Glencore’s Sudbury Integrated Nickel Operations has ordered a full fleet of battery-electric equipment… Read more »

Britishvolt wants to build battery gigafactories around the world

Battery “gigafactories” are under construction all over the world—and none too soon. As EV sales grow, it is critical to establish local battery production and shorten supply chains. However, state-of-the-art cell packaging and chemistries are evolving quickly these days. How will cell manufacturers future-proof their cell production facilities? How flexible will these new plants be… Read more »

Britishvolt forms JV to source nickel sulphate from Indonesia

Battery pioneer Britishvolt will partner with VKTR, a new division of Indonesian industrial conglomerate Bakrie & Brothers, to develop a supply of nickel sulphate from Indonesia. A new joint venture called Indovolt BV VKTR will establish a nickel sulphate facility in Indonesia to supply battery raw materials to Britishvolt’s Gigaplant in Northumberland, England. The companies… Read more »

Britishvolt secures £40 million additional investment for UK battery factory

UK startup Britishvolt, which has an ambitious plan to build one of the UK’s few large-scale battery factories, has secured £40 million in new investment from mining giant Glencore. Britishvolt aims to triple its funding with £200 million in a third funding round, with Glencore serving as the anchor investor. Earlier funding rounds valued Britishvolt… Read more »

Britishvolt plans to build a 60 GWh battery cell factory in Quebec

Britishvolt, a UK-based manufacturing firm that also has a strong presence in Canada, will soon be building battery cells in Quebec to serve the North American EV industry. Electric Autonomy Canada reports that Britishvolt is close to finalizing plans to build a 60 GWh battery cell factory, an R&D center, and an anode and cathode… Read more »