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IHS Markit: supply chain challenges to impact global light vehicle production well into 2022

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COVID-19 Still Impacting Supply Chain. Unlike the capacity constraints in wafer fabs, which was impacting mainly automotive MCUs, assembly capacity constraints impact all semiconductor types including sensors, power supplies and discretes. Global Light Vehicle Production Forecast Implications. This represents an 8.3%

Light 186
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Lotte Chemical to invest $2.3B through 2028 to boost production of copper foil for EV batteries

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trillion KRW (US$2-billion) acquisition of electric foil manufacturer Iljin Materials, and changed Iljin’s name to Lotte Energy Materials , in a bid to boost its battery business. Lotte Energy Materials is a major copper foil producer and has long-term supply contracts with global battery companies both in Korea and abroad.

Malaysia 195
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Hanwha and LG Energy to build battery production in US, targeting ESS and UAM

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The MOU was signed by LGES and three subsidiaries under Hanwha Group—Hanwha Solutions, owner of clean energy manufacturer Qcells, Hanwha Corporation/Momentum and Hanwha Aerospace. which offers customers a streamlined approach to energy storage system integration and a secure battery supply chain through LGES.

Energy 199
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JARE investing AUD200M in Lynas Rare Earths; heavy rare earths for Japan

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The new agreements will further strengthen the Lynas balance sheet and support funding of capital projects designed to meet accelerating global demand for rare earth materials. Sojitz and JOGMEC have entered into an agreement with Lynas to supply up to 65% of the HRE (dysprosium and terbium, DyTb) produced by Lynas from Mt.

Japan 199
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Tesla supply chain: Biden team plans $52B funding to address chip shortage among US carmakers

Teslarati

The Biden administration is already assembling a team to invest around $52 billion worth of funding for semiconductor research and manufacturing, awaiting congressional approval. Companies around the globe have been affected by the global chip shortage, including US automakers like Ford, General Motors, and Tesla. .

Supplies 145
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Roskill: surge in electrodeposited copper foil projects to meet projected EV demand

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The thinner the foil is, the more active material can be loaded into the electrode, which reduces battery weight, increases battery capacity, and minimizes manufacturing costs and environmental impact. From January to May 2021, more than a dozen new projects and expansions have been reported globally, Roskill said.

Malaysia 225
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Pensana plans $125M rare earth separation facility in England

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The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

Angola 345