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Solvay and Orbia to create JV to supply PVDF to battery market; largest capacity in N America

Green Car Congress

Solvay and Orbia have entered into a joint venture framework agreement to create a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF), creating the largest capacity in North America. Solvay, a global leader in PVDF, brings process technology and global market know-how to this venture.

Supplies 273
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Cobalt Institute: cobalt market weakened since 2022 peak, but in longer term, demand will outpace supply

Green Car Congress

The Cobalt Institute’s Cobalt Market Report, prepared by Benchmark Mineral Intelligence, finds that cobalt market conditions have weakened substantially since the price peak in 2022. This dynamic will likely remain through to 2024, the report says, as a plentiful and growing supply surplus maintains pressure on prices.

Supplies 259
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SK On, Westwater Resources to develop anode materials; boosting raw battery material supply chain in N America

Green Car Congress

SK On, a leading electric vehicle (EV) battery manufacturer, signed a joint development agreement (JDA) with US graphite company Westwater Resources (WWR) as part of efforts to strengthen its battery raw material supply chain in North America following the enactment of the Inflation Reduction Act (IRA).

Supplies 243
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Volkswagen Group and Canada aim to advance sustainable battery supply chain in North America

Green Car Congress

Volkswagen Group (Volkswagen AG) and the Government of Canada signed a Memorandum of Understanding (MoU) to promote e-mobility in the country and to explore opportunities across Canada’s automotive and battery supply chain. In addition, there are plans to establish a dedicated Gigafactory in North America.

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Ammonia market to triple by 2050 with nearly all growth coming from low-carbon supply; shift to energy markets

Green Car Congress

The global market for ammonia is poised to triple in the coming decades with nearly all of the growth coming from low-carbon ammonia, according to a new analysis by S&P Global Commodity Insights. The rapid growth in ammonia driven by low-carbon supplies will change the current market beyond recognition.

Market 195
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Volkswagen Group of America and Redwood Materials to create US supply chain for EV battery recycling

Green Car Congress

Volkswagen Group of America, Inc. Redwood) will collaborate to create a supply chain to recycle Volkswagen and Audi electric vehicle batteries in the United States, with the goal of providing accessible and more sustainable electric mobility for American drivers. VWGoA) and Redwood Materials, Inc.

America 243
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Hyundai Motor Group signs MOU with SK On to secure EV battery supply for N America

Green Car Congress

Hyundai Motor Group signed a memorandum of understanding (MOU) with SK On to secure a supply of EV batteries in North America. Through the EV battery MOU, we will be able to further accelerate our efforts to secure EV leadership in the North American market. Further details on the cooperation will be revealed at a later stage.

Hyundai 199