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On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper prices plunged 27% to a low of US$4,617/t in late March as the global impact of COVID-19 became apparent, but copper stabilized and then began to rise, completing a full recovery to its January starting point by the end of July.
Chinese lithium carbonate prices soared in 2021, due to a surge in demand for lithium iron phosphate (LFP) batteries in the country, according to the end-of-year analysis by Benchmark Minerals Intelligence. Cobalt prices also hit a three-year high during the year.
Roskill reports that prices for Chinese graphite continue to rise as producers contend with increasing electricity costs and supply disruption caused by limits on energy consumption. Meanwhile, prices for 94% C medium flake remained flat until July but have since risen by 15%.
Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.
Lithium carbonate’s premium over lithium hydroxide in the Chinese domestic market, seen in the first quarter of 2021, is beginning to narrow, as shifting cathode chemistry demand continues to support hydroxide prices in China while carbonate gains soften amid limited spot transactions, according to Benchmark Mineral Intelligence.
On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. Roskill noted that although Chinese refined metal buying has cooled since an earlier frenzy, several end use subsectors remain busy. Trade data on Chinese copper imports in January and February are not due to be released until 8 March.
Lithium prices continued to rise in November, with Chinese battery-grade prices surpassing the RMB 200,000/tonne (US$31,395/tonne) mark, according to Benchmark’s Lithium Price Assessment. Source: Benchmark Mineral Intelligence.
While cobalt prices have shown positive signs of late, there are nuances within the market which highlight the key fundamentals that will likely decide cobalt’s future price trend—which is taking its cues less and less from the industrial metal supply chain, according to a new report from Benchmark Mineral Intelligence.
The price of copper on the London Metal Exchange (LME) rose to $9,990/t on 29 April, marking a ten-year high and closing in on the record high LME price of $10,147.50/t In its new Copper Monthly Insights , Roskill said that the ongoing surge in copper pricing is taking impetus from President Biden’s new CO 2 targets.
Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.
We are very pleased to conclude our discussions with Yibin Tianyi and to sign another binding offtake agreement for SC6 to a Chinese converter. AVZ is responsible for funding expenditure to completion of a feasibility study and a decision to mine. —Nigel Ferguson, AVZ Managing Director.
The consumers who were surveyed also noted that they would consider a Chinese-made electric vehicle. About 61% of current EV owners and 56% of those who were planning to buy an electric car noted that they were open to purchasing an EV from Chinese manufacturers instead, as noted in a Car Dealer Magazine report.
Continued investment in China’s battery production scene is increasingly pushing its market into oversupply, putting strain on Tier 3 producers which are unable to access large global EV markets and are forced to compete in the saturated domestic space, according to Benchmark Mineral Intelligence.
Lithium price rises accelerated in the first half of September as surging demand and raw material supply concerns combined to push Chinese domestic prices up to their highest levels since mid-2018 according to data from Benchmark’s Lithium Price Assessment. and 215% respectively in the Chinese domestic market this year.
Chinese lithium and cobalt sulfate prices fell this month as strict COVID-19 lockdowns in Shanghai and elsewhere limit demand in the world’s largest electric vehicle market. Prices for cobalt sulfate fell by 6%, according to Benchmark’s Cobalt Price Assessment. There has been a little bit of softness in pricing.
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The growth in RE permanent magnet demand in EVs is also expected to have implications for other end-use applications, which may be more price sensitive, with opportunities for substitution and thrifting in higher price scenarios.
A Tesla executive managing the Australian and surrounding markets has detailed the company’s plans to move away from rapid pricing changes with the arrival of the new Model Y, especially as electric vehicle (EV) competition from other Chinese automakers arrives in Australia and surrounding markets.
Lithium carbonate prices in China rose slightly to 480,500 yuan/tonne in mid-August, remaining close to the record-high of 500,000 from March and 400% higher year-on-year as soaring demand drove expectations of extended supply deficits. Lithium is expected to trade at 484,185.00 by the end of this quarter. Source: Trading Economics.
The Cobalt Institute’s Cobalt Market Report 2021 , prepared by CRU, confirms the role of cobalt as one the key commodities of the green future, due to the rapid growth of the lithium-ion battery market and a strong global uptake of electric vehicles. Due to relative market weakness, European prices averaged $2.5
In a new report, “ Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ”, market research firm IDTechEx concludes that battery-swapping technology currently appears to be a winner in the two- and three-wheeler markets of the Asia-Pacific regions.
Emphasising the advantage Chinese brands currently have when it comes to EV pricing in Australia, the tiny Hyundai Inster SUV is now on-sale from $39,000 plus on-road costs. It is also the cheapest non-Chinese EV sold in Australia today thanks to the departure of the current generation Nissan Leaf.
In August 2019, CRU reported on the steady slide in prices that has occurred in the lithium market since the beginning of the year. Since then, prices have continued to fall, CRU notes. Lithium hydroxide has fallen by 30% to RMB 74,500/t, according to CRU’s price assessments. The rest of the lithium market is fragmented.
While there has been much publicity and technical development towards rare-earth reduction in vehicle motors, in practice the market is seeing an increase in the number of permanent magnet motors. China accounts for the vast majority of rare-earth production worldwide and this has, in the past, led to huge price volatility.
Jiangnan Shipyard, owned by China State Shipbuilding Corp (CSSC), has ordered an LPG (liquefied propane gas)-burning MAN B&W 6G60ME-LGIP engine in connection with the building of an 86,000-m 3 VLGC (Very Large Gas Carrier) for Tianjin Southwest Maritime (TSM), the Chinese shipping company. LGIP engine.
The corresponding amendment to the contract comes into force with the new “business licence”, which BBA received today from the relevant Chinese authorities. BMW Group now holds 75% of the shares in BBA, while its Chinese partner, Brilliance China Automotive Holdings Ltd. CBA), indirectly holds the remaining 25%. BMW iX in Shanghai.
Goldman Sachs slightly cut its 12-month price target for Tesla from $345 to $320, citing weaker-than-expected vehicle deliveries in key regions and demand challenges. Goldman Sachs notes that Chinese competitors do not charge for incremental software packages.
Prices for black mass material—from process scrap fell by 5% in July from a month earlier, according to Benchmark’s inaugural black mass price assessment, due to a decline in the underlying prices for lithium. Prices for battery-grade lithium carbonate in China have fallen by 47% year-to-date, according to Benchmark.
The rapid increase in vehicle electrification in the automotive industry will have a major impact on global raw material markets. The strategic collaboration is the result of an extensive market analysis executed by Volkswagen’s e-Raw Material Team. The global lithium demand is expected to more than double by 2023.
CRU analysts observe that lithium prices have steadily declined since the end of Q1, finally crashing through the $10/kg LCE mark at the end of July. While many are forecasting long-run prices for lithium in the mid-teens LCE, citing refinery bottlenecks and the potential for ramp-up delays in the mining and refining sector, CRU disagrees.
The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. and a CDN$23-million equity offering lead by Sprott Capital Partners LP. Sprott invested CDN$3.75
Consumption has benefited from the restructuring of the Chinese steel industry and from the new regulations prescribing stricter standards for construction. Another key characteristic of the niobium market is its highly concentrated supply. Another key characteristic of the niobium market is its highly concentrated supply.
F) Arctic conditions in the frigid northern Chinese province of Heilongjiang. With methanol fuel price at Chinese pumps around 3RMB/L (€0.42/L In the face of rising global gas prices, methanol fuel offers a viable cleaner affordable alternative, Geely said. From 0-100km/s takes 8.8
The new TTTech Auto branch in Shanghai will bring its expertise and the series proven safe vehicle software platform, MotionWise , to car manufacturers, Tier 1 suppliers and partners to the rapidly developing Chinese automotive market. They prefer experience and customer satisfaction through smart features over price.
How Electrifying Transport and Chinese Investment are Playing Out in Indonesia —focuses on nickel as a critical mineral, but has implications for the broader minerals and materials supply chains needed for broad-scale energy transition. Global Nickel Trade and Chinese Dominance. The detailed report— Need Nickel?
The 2025 Zeekr X small all-electric SUV has had pricing slashed up to $7000, with the entry-level RWD version now priced from $49,990 before on-road costs. The price cut extends to the flagship Zeekr X AWD that is now $2000 cheaper, now priced from $62,900 before on-roads. ” The post Now thats a price cut! .
Having sent more than 20,000 vehicles to Latin America over the past 15 years, Yutong has become the leading Chinese bus supplier on the continent. Under the premise of continuing the vehicle operation, the buses can be charged at a lower price at night, reducing the cost of the client’s subsequent operation. Zhengzhou Yutong Bus Co.,
The Chinese electric vehicle market has gotten a lot bigger in the past year as electric vehicles have gotten more and more competitive. As part of that, there have been occasional “price wars” in which automakers aggressively lower prices in order to reach sales targets even to the point.
EV sales see a rise with over 8,000 electric cars sold in Australia in May, but with BYD and other Chinese car makers eating into Tesla's dominant market share. The post Price war helps electric vehicle sales rebound in May, as BYD eats into Tesla market share appeared first on The Driven.
family developed specifically for a single market. The economies of scale that we have achieved allow us to offer the latest technology at an affordable price—and thus further expand our electric offensive. Volkswagen unveiled the third model in the ID. family, the ID.6, 6, at the Auto Shanghai. Like the compact ID.3
Their meteoric rise will lead to much greater demand for several materials markets which otherwise would see only modest growth. For each, a granular breakdown is used to forecast each material required and its market value over the next 10 years. The Chinese electric car market was, up until 2018, predominantly using LFP cathodes.
Leading Chinese car maker MG has joined the plug-in hybrid ute rush in Australia. Like MG, LDV – or Maxus as it is known in other markets – is a subsidiary of the giant Chinese SAIC Motor conglomerate. A turbo-diesel U9 will be on-sale before the end of 2024, with the PHEV to arrive in 2026. 2025 MG U9.
China’s attempt to fight the coronavirus outbreak has led to delayed production across a number of battery production facilities located in key coronavirus hit provinces and is expected to lower the output of Chinese battery manufacturers by around 26 GWh in 2020. —Sneha Susan Elias, Senior Power Analyst at GlobalData.
Chinese EV company Zeekr says price of its new compact luxury Zeekr X electric SUV will start below $60,000 before on-road costs for base rear-wheel drive variants and below $70,000… The post Zeekr X starting price pitched under $60,000 as new China EV brand enters Australia market appeared first on The Driven.
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