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The Latest Breaking News from lithium

Ford details battery, raw materials sourcing strategies to support looming EV targets

Ford Motor Co. on Thursday unveiled its strategy for securing enough electric-vehicle batteries and key raw materials to hit ambitious electrification targets in the coming years.

Tribune News Service

Tees Valley Lithium secures supply agreement with global raw materials firm Traxys

The deal is a significant step on the road to opening what is billed as Europe's largest and lowest-carbon lithium hydroxide factory on Teesside

Birmingham Post

XPON: Energy Storage Gets An Upgrade

By Brian Lantier, CFA NASDAQ:XPON

Benzinga

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2 Basic Materials Stocks That Can Survive a Recession

The Fed could hike rates by a full point in July, with inflation running its fastest annual rate since November 1981. However, despite rising prices and looming recession fears, demand for basic materials looks robust. With the Biden administration focusing investments on infrastructure projects, basic materials stocks BHP Group (BHP)…

StockNews.com

Saudi Focus on Minerals Needed in Power Transition, EVs

Saudi Vice-Minister for Mining Affairs Khalid Al-Mudaifer has predicted a fourfold increase in the demand for minerals used in clean energy technologies and electric vehicles by 2040. Al-Mudaifer stressed that the Kingdom of Saudi Arabia is focused on benefiting from the knowledge and experience of developed mining regions. The vice-minister…

Asharq Al-Awsat

Elon Musk Says This Battery Metal Is The New Oil: But Should The Vehicle Connoisseur Take His Foot Off The Accelerator?

Albemarle Corporation (NYSE: ALB) and a number of other stocks in the lithium sector gained ground recently, not only because the S&P 500 experienced a bullish reaction to the release of the Federal Reserve's monthly minutes, where the Fed

Benzinga

Ryanair issues new safety message in-flight over phones and laptops

Ryanair flight attendants are now delivering a new safety message to passengers on board their planes, which could be considered more useful and important than life jacket advice

Daily Mirror

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‘Insane’ lithium price bump threatens EV fix for climate change

The price of the metal used in batteries for electric cars has risen six-fold since the start of the year.

Al Jazeera

Battery Power: New Super Battery For Electric Vehicles Can Withstand Extreme Temperatures

A new type of battery for electric vehicles can survive longer in extreme hot and cold temperatures, according to a new study.

Zenger

California Goes Ahead With Lithium Tax Despite Protests From EV Suppliers

California has approved a plan to tax the electric vehicle battery metal lithium to generate revenue for environmental remediation projects, Reuters reports. The tax is structured as a flat-rate per tonne and will go into effect in January. Funds generated from the tax will help restore the Salton Sea region from…

Benzinga

Zijin Mining Pours $269 Million More Into Lithium Assets

Copper and gold mining giant continues strategic shift with plan to acquire 75% of Houdao Ming, owner of the Xiangyuan lithium project

Caixin Global

Investors warned against 'buying the dip' in market downturn as ASX drops 10pc for the year

"Buying the dip" is no longer an easy way for inexperienced traders to make money, according to a seasoned stockbroker, despite the ASX losing roughly $250 billion in the past year.

ABC News

Benzinga Before The Bell: Texas Giga Tesla's Output Ramp Up, California's Lithium Tax, Spot Bitcoin ETF Proposal Rejection And Other Top Financial Stories Thursday, June 30

Reuters Hyundai, Affiliates Plan To Set Up New Company In US:

Benzinga

California's Lithium Tax Could Upset GM, Stellantis' EV Ambitions

A proposed flat-rate tax on lithium produced in California's Salton Sea region will shelve the electric vehicle battery metal deliveries to General Motors Company (NYSE: GM) and Stellantis N.V. (NYSE:

Benzinga

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Birmingham Post

Cornish Lithium strikes deal with Rodda’s to explore heat energy project at creamery

The mineral exploration company will evaluate sites on the clotted cream brand’s land where geothermal lithium and heat could be developed on a commercial basis

InsideEVs

Aptera Picks EVE Energy As Battery Cell Supplier For Its Solar EV

Aptera Motors says it has chosen EVE Energy's 21700 NMC 811 cylindrical cells because they are one of the lightest and most energy-dense available.

ABC News

Ford Motor Company provides loan to Liontown Resources to develop Kathleen Valley lithium mine

ASX-listed Liontown Resources signs a deal with US motoring giant Ford to develop a $545 million lithium mine to supply the metal used in electric vehicle batteries.

Financial Times

The surprising revival of eastern Germany

Once a byword for economic decline, the region is being transformed into the centre of Europe’s electric car industry

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Birmingham Post

Cornish Lithium secures further £9m from major shareholder

It is the second tranche of funding from investment firm TechMet into the Cornwall-headquartered business

Tribune News Service

Stellantis investment makes it 2nd largest shareholder in lithium supplier

Jeep maker Stellantis NV is investing nearly $53 million (50 million euro) into its European lithium partner in an effort to create a reliable supply chain of the critical mineral for electric-vehicle batteries.

Benzinga

Benzinga Before The Bell: Gun Safety Bill. Bill Gates North Dakota Outrage, Sanofi-GSK's Covid-19 Vaccine's Omicron Efficacy And Other Top Financial Stories Friday, June 24

Reuters

Benzinga

Stellantis Makes €50M Equity Investment In Lithium Company Vulcan Energy Resources

Stellantis NV (NYSE:STLA) has made a €50 million (A$76 million) equity investment in Vulcan Energy Resources Ltd (OTC:VULNF) and has extended its original binding offtake agreement to ten years. Vulcan is a lithium producer and intends to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resource in Germany. The investment…

The Conversation

Nigeria's latest lithium find: some key questions answered

High-grade lithium has been discovered in Nigeria. In 2019 the total production volume of lithium, not high grade, in Nigeria reached 50 metric tons This is small compared to Zimbabwe which produced 1,200 metric tons the same year. The Conversation Africa’s Wale Fatade asked geologist Ibrahim Garba for his insights.

Benzinga

Volkswagen Says US Could Face Many Challenges To Ramp Up EV Battery Output

Volkswagen Group’s (OTC: VWAGY) U.S.

StockNews.com

4 Companies That Are Integral Parts of the EV Supply Chain

The Electric Vehicle (EV) industry is expected to register solid growth in the coming years owing to an increased focus on sustainable transportation and favorable government initiatives. Given this backdrop, we think companies that are an integral part of the EV supply chain Albemarle (ALB), Vale S.A. (VALE), Freeport-McMoRan (FCX),…

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