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BMW Group signs €540M supply contract with Ganfeng for lithium from mines in Australia

Green Car Congress

The two companies have signed a 5-year (2020 - 2024) supply contract for the lithium needed as a key raw material for battery cells. Sustainability and security of supply are important factors in the expansion of electromobility. Cobalt will be sourced directly from mines in Australia and Morocco in the future.

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Stellantis Investors Fume Over CEO Pay Amid Job Cuts, Plant Closures, Supplier Strife

The Truth About Cars

However, Stellantis is also trying to shift EV assembly to places like Morocco due to their lower-than-average labor costs. Investors, in particular European ones, are becoming increasingly sensitive to social aspects of corporates [sic],” Charles Pinel, CEO of Proxinvest, told Bloomberg in a recent interview.

Legal 113
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Travel 2025: ‘Friend-Finding Tours,’ Private Islands and a Mixed Bag of Prices

Baua Electric

Carnival Corporation is also investing in a pier extension to develop a private beach in the Celebration Key area on Grand Bahama, which is set to open in July. Many felt gouged by the run up in prices when travel came roaring back post-pandemic and the industry suffered from disruptions, understaffing and supply-chain issues.

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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

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).

Africa 221