Batteries, Congo and Financing

Live Blog: Tesla (TSLA) 2021 Annual Meeting of Stockholders

Teslarati

OCTOBER 7, 2021

So mining for battery materials will stop when the transportation sector becomes electric. By this time, key battery components could be recycled. 15:38 PT – Elon highlights the importance of solar and batteries. 15:16 PT – Elon addresses some of the concerns about methane and batteries. Credit: Tesla/YouTube.

Tesla

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LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

MAY 16, 2023

16:08 CT – The shareholder now asks if Tesla would be open to extending its vehicle’s financing terms. Elon Musk notes that the banks are the ones that are deciding on its vehicles’ financing. Musk notes that Tesla would be doing a third-party audit for its battery supply chain. The demand is quasi-infinite here,” Musk added.

Tesla

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Mexico forms state-run company to mine lithium: Litio para Mexico

Green Car Congress

AUGUST 26, 2022

The Board of Directors for LitioMx comprises the head of the Ministry of Energy, who will preside over it; the head of the Ministry of Finance and Public Credit; the head of the Ministry of Economy; the head of the Ministry of the Interior; and the head of the Ministry of Environment and Natural Resources. According to the USGS, Mexico has 1.7

Mexico

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UN report highlights urgent need to tackle impact of EV battery production boom

Green Car Congress

JULY 4, 2020

Demand for raw materials used in the production of electric car batteries is set to soar, prompting the UN trade body, UNCTAD (United Nations Conference on Trade and Development), to call for the social and environmental impacts of the extraction of raw materials, which include human rights abuses, to be addressed urgently.

Batteries

Batteries Battery Production Zambia

Volkswagen joins “Cobalt for Development” initiative

Green Car Congress

NOVEMBER 21, 2020

Volkswagen says that it is actively engaging in improving artisanal cobalt mining conditions in the Democratic Republic of Congo (DRC) as well as the living conditions for people in the surrounding communities. Cobalt is an important raw material for the production of electric vehicle batteries.

Congo

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

Green Car Congress

NOVEMBER 29, 2021

The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials, according to a new study on a unified African supply chain by BloombergNEF (BNEF). Source: BNEF.

Africa

Africa Supplies Emissions Poland

BMW Group, BASF SE, Samsung SDI and Samsung Electronics launch cross-industry project to support sustainable cobalt mining

Green Car Congress

NOVEMBER 29, 2018

As part of a cross-industry initiative, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics have launched a joint cobalt pilot project in the Democratic Republic of the Congo. This fully privately financed project seeks to pilot an approach to address challenges in artisanal mining.

Congo

Congo BMW Industry Industrial

Benchmark: Indonesia could become major cobalt producer; forecasts 30x boost

Green Car Congress

OCTOBER 29, 2022

The country’s government and the mining sector are determined to transform its nickel industry to meet the rising demand for Class 1 nickel, a crucial component for electric vehicle (EV) batteries.). This would bring Indonesia into second place for cobalt mining, after the Democratic Republic of Congo.

Indonesia

Indonesia Cuba Congo Lithium Ion

BMW Group commissions study on sustainable lithium extraction

Green Car Congress

DECEMBER 18, 2020

BASF SE is contributing to finance the study. Both BMW Group and BASF SE are already working successfully together with other partners in the “Cobalt for Development” project in the Democratic Republic of the Congo. Two-thirds of the world’s lithium reserves are found in Latin America.

BMW

BMW Congo Alaska Massachusetts

EGC enters trading agreement with Trafigura with the aim to transform the ASM cobalt mining sector in DRC

Green Car Congress

NOVEMBER 25, 2020

The trading agreement includes the provision of finance by Trafigura to fund the creation of strictly controlled artisanal mining zones, the installation of ore purchasing stations and costs related to the transparent and traceable delivery of cobalt hydroxide to Trafigura on an export cleared basis.

Congo

Congo Supplies Financing 2018

Ford, Huayou Cobalt, IBM, LG Chem, RCS Global launch blockchain pilot to address concerns in strategic mineral supply chains; cobalt to start

Green Car Congress

JANUARY 16, 2019

Cobalt is in high demand for its use in lithium-ion batteries, which power a wide range of products such as laptops, mobile devices and electric vehicles. The typical electric car battery requires up to 20 pounds of cobalt and a standard laptop requires around one ounce of the mineral. MineHub blockchain project. Goldcorp Inc.,

Supplies

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Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

JANUARY 10, 2024

Lithium — the ultra-light metal used in electric-vehicle batteries — has plunged more than 80% from a late-2022 record, as the market whiplashed from shortage fears to a mountain of surplus inventories. Battery metals have been a bright spot for the mining industry in recent years. Chemaf Resources Ltd. Australia’s Core Lithium Ltd.

Price

Price Auto Batteries Battery

Glencore enters offtake agreement with Tantalex Lithium

Green Car Congress

SEPTEMBER 10, 2023

Tantalex Lithium Resources, a Canada-based exploration and development stage mining company, received and executed a term sheet from Glencore International AG for a marketing offtake agreement for the lithium to be produced from its Manono Lithium Tailings Project in the Democratic Republic of Congo (DRC).

Congo

Congo Financing Africa Canada

Canada’s Trudeau suggests China uses slave labor in lithium production – ET Auto

Baua Electric

APRIL 29, 2023

Canadian Prime Minister Justin Trudeau on Friday suggested that China uses slave labor in the production of lithium as he discussed Canada’s efforts to ramp up production of the critical metal used in electric vehicle and other batteries. Last year, a U.S.

China

China Auto Production Canada

EV Driven

Live Blog: Tesla (TSLA) 2021 Annual Meeting of Stockholders

LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Mexico forms state-run company to mine lithium: Litio para Mexico

UN report highlights urgent need to tackle impact of EV battery production boom

Volkswagen joins “Cobalt for Development” initiative

BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

BMW Group, BASF SE, Samsung SDI and Samsung Electronics launch cross-industry project to support sustainable cobalt mining

Benchmark: Indonesia could become major cobalt producer; forecasts 30x boost

BMW Group commissions study on sustainable lithium extraction

EGC enters trading agreement with Trafigura with the aim to transform the ASM cobalt mining sector in DRC

Ford, Huayou Cobalt, IBM, LG Chem, RCS Global launch blockchain pilot to address concerns in strategic mineral supply chains; cobalt to start

Battery metal price plunge is closing mines and stalling deals – ET Auto

Glencore enters offtake agreement with Tantalex Lithium

Canada’s Trudeau suggests China uses slave labor in lithium production – ET Auto

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