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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% As manufacturers set to ramp product back up to produce everything from automobiles, airplanes and construction tools, they will begin to return to normal production cycles.

Supplies 380
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NEO Battery Materials to partner with A&P on mass production of silicon anode materials

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signed a strategic memorandum of understanding (MOU) with Automobile & PCB establishing strategic investment and cooperation between NEO and A&P to advance the Korean mass production facility of NEO’s silicon anode materials for electric vehicle (EV) lithium-ion batteries. NEO Battery Materials Ltd. NEO Battery Materials Ltd.

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Volvo Construction Equipment investing $7.8M in battery pack production at excavator plant

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Volvo Construction Equipment (Volvo CE) announced an investment into battery pack production at its excavator plant in Changwon, South Korea. The Changwon plant in South Korea specializes in the production of excavators and is the biggest excavator production site in Volvo CE.

Volvo 396
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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

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The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

Global 397
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Faraday Future partners with Korea-based Myoung Shin for FF 81 production; SOP in 2024

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an automotive manufacturer headquartered in South Korea, to manufacture Faraday Future’s second electric vehicle, the FF 81, with start of production scheduled for 2024. Located near Seoul, South Korea, Myoung Shin is a parts supplier and automotive manufacturer for numerous first tier OEMs.

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Korea Gas Corporation to invest $4B in hydrogen production and distribution by 2030

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Korea Gas Corp. KOGAS), the state-run natural gas supplier and a major global importer of LNG, plans to spend 4.7 KOGAS said demand for hydrogen in South Korea will reach 1.94 South Korea has been seeking to boost the hydrogen economy as a new growth engine. trillion won (US$4.01 million tons by 2040.

Hydrogen 341
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SK Innovation to spin off battery business and E&P business

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SK Innovation has decided to spin off its battery production and exploration & production (E&P) business as independent companies. SK Innovation’s EV battery plant located in Seosan, South Korea. SK Innovation said the spin-off will be a turning point for securing global competitiveness in the battery business.