A spike in demand for electric vehicles (EV) in the global markets is encouraging automakers such Tesla Inc to head for making batteries.
Following are some of the deals major automakers have announced with suppliers and miners:
TESLA
China’s Ganfeng Lithium Co will supply battery-grade lithium for three years starting 2022. Volumes were not disclosed. Ganfeng is the third largest lithium supplier in the world.
Vulcan Energy Resources will provide lithium hydroxide for five years starting in 2026. Vulcan extracts lithium from geothermal sources in Germany’s Upper Rhine Valley region.
Vulcan Energy Resources will supply 26,000 to 32,000 metric tonnes of battery-grade lithium chemicals for initial six-year starting 2026.
BHP Group Ltd will supply nickel sulphate from Western Australia to a battery-making joint venture between Toyota Motor and Panasonic . Details were not disclosed.
12-April-2022
Miner Glencore PLC will supply cobalt, secured from its Murrin Murrin operation in Australia, to be used in GM’s Ultium battery cathodes, which powers the Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyriq vehicles. Details were not disclosed.
02-Jul-2021
GM will make a “multimillion-dollar investment” in and help develop Controlled Thermal Resources (CTR) Ltd’s Hell’s Kitchen geothermal brine project near California’s Salton Sea. The project could be producing 60,000 tonnes of lithium – enough to make roughly 6 million EVs – by mid-2024.
11-Apr-2022
Ford will buy lithium from a Lake Resources NL facility in Argentina. The carmaker aims to purchase 25,000 tonnes annually of the white metal from Lake’s Kachi project in northern Argentina.
22-Sept-2021
Partners with start-up Redwood Materials set to form a “closed loop” or circular supply chain for electric vehicle batteries, from raw materials to recycling. (Reuters)
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