LG Energy Solution, one of Tesla’s battery suppliers, has entered into “a binding long form offtake agreement” with Australian Mines Ltd. for nickel and cobalt, which will be supplied in the form of mixed hydroxide precipitate (MPH) from the Sconi Project in North Queensland. Under the agreement, LG will have access to 71,000 tons of… Read more »
Search Results Found For: "cobalt"
EV supply chain companies pilot blockchain solution for cobalt traceability
Metals and mining companies CMOC, Eurasian Resources Group (ERG) and Glencore, in collaboration with battery material supplier Umicore, are piloting Re|Source, a solution to trace responsibly produced cobalt from the mine to the EV. The pilot will be tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo… Read more »
Millor will manufacture cobalt-free lithium-ion batteries in Europe
The COBRA (CObalt-free Batteries for FutuRe Automotive Applications), a European consortium that aims to develop a new cobalt-free lithium-ion battery technology, has chosen Millor Battery to make the prototypes and first batteries. COBRA and Millor Battery seek to reduce the proportion of critical raw materials in batteries without compromising energy and energy performance. Among these… Read more »
New class of cobalt-free cathodes could enhance energy density of Li-ion batteries
Oak Ridge National Laboratory (ORNL) researchers have developed a new family of cathodes with the potential to replace the costly cobalt-based cathodes typically found in today’s lithium-ion batteries. The new class, called NFA (nickel, iron, aluminum), is a derivative of lithium nickelate that’s used as a cathode material. These novel cathodes are designed to be… Read more »
TNO and partners secure grant to develop cobalt-free batteries
The European Commission has awarded an €11.8-million grant to the COBRA (CObalt-free Batteries for futuRe Automotive applications) project, which aims to develop next-generation cobalt-free batteries. The project started earlier this year and will run until January 2024. Dutch research organization TNO will collaborate in the development of cobalt-free EV batteries by validating battery cell improvements… Read more »
SVOLT launches cobalt-free batteries for Great Wall EVs
Chinese automotive battery company SVOLT, a Great Wall Motors spin-off, has officially launched two cobalt-free batteries. In 2019, the company unveiled both the cobalt-free lithium-ion battery cells (NMx) and four-element lithium-ion battery cells (NCMA). At the product launch livestream event, SVOLT President Yang Hongxin said that the NMx battery cell rivals the NCM811 cell in… Read more »
First Cobalt performs feasibility study for Canadian cobalt refinery expansion
First Cobalt has announced positive results from an independent feasibility study conducted on its permitted cobalt refinery in Ontario, Canada. The study contemplates expanding the existing facility and adapting it to be North America’s first producer of cobalt sulfate, an essential component in the manufacturing of EV batteries. Study highlights: Annual production of 25,000 tons… Read more »
Majority of demand for nickel and cobalt coming from 5 battery suppliers
In 2019, over 59,000 tons of nickel and 14,400 tons of cobalt were deployed globally in passenger EV batteries, a one-year increase of 39% and 34%, respectively, according to data from Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker. Panasonic used 51% of the global market share of nickel (down from 56% in 2018),… Read more »
Report: cobalt supply for EV batteries is adequate for now, but should be scaled up to meet future demands
The growth of the EV market depends on the continued availability of key materials such as cobalt, an element used in battery cathodes. Scientists from the American Chemical Society (ACS) wanted to find out if planned cobalt expansions could keep pace with this rapid growth. Their research, published in the ACS journal Environmental Science &… 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 »