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DOE: US net petroleum imports negative for 2020

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In 2020, net petroleum imports (total imports minus exports) were negative for the first time since the US Energy Information Administration began tracking them—i.e., Total petroleum products supplied is the sum of the products supplied for each petroleum product, crude oil, unfinished oils, and gasoline blending components.

2020 389
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EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

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The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). million barrels at the end of January 2020 and increased to 532.7

Oil 417
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Argonne report finds most battery cells and packs for US light-duty PEVs produced domestically from 2018 to 2020; due to Tesla/Panasonic

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More than half of all battery cells used in plug-in electric vehicles (BEVs and PHEVs) since 2010 have been produced in the US, as have nearly 90% of all battery packs, according to a recent study of the Li-ion battery supply chain by a team at Argonne National Laboratory. Zhou et al. Zhou et al. United States: N. doi: 10.2172/1778934.

2020 397
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Roskill: rare earth magnet applications to account for ~40% of total RE demand by 2030, up from 29% in 2020

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Roskill expects that rare earth permanent magnet applications represented 29% of total demand in 2020—the largest single end use—consuming a mixture of neodymium (Nd), praseodymium (Pr), dysprosium (Dy), along with other elements used at fillers such as cerium (Ce) and gadolinium (Gd).

2020 418
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BNEF: China dominates the Li-ion battery supply chain, but Europe is on the rise

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China dominates BloombergNEF’s (BNEF) lithium-ion battery supply chain ranking in 2020, having quickly surpassed Japan and Korea that were leaders for the majority of the previous decade. In 2020, Japan and Korea rank number two and three respectively. The US is in sixth place in 2020.

Li-ion 459
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Roskill: COVID-19 could wipe out US$1.0B of lithium supply in 2020

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Based on company announcements to date related to operation scale-downs and closures, as well as national, provincial and local governmental measures, Roskill estimates that approximately 110Kt of mined LCE production could be lost over the course of 2020, due directly to actions taken to prevent the spread of COVID-19.

2020 186
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Roskill: Myanmar crisis set to disrupt rare earth supply availability

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The coup and resulting state of emergency quickly resulted in concerns in China over metal and mineral supplies from its neighbor. Myanmar is the world’s third-biggest miner of tin and in 2020 accounted for more than 95% of China’s imports of tin concentrate, used by smelters to make refined tin for circuit-board soldering.

Myanmar 321