Investing News Network’s Post

Some Australian miners are seeking growth opportunities despite the ongoing slump in lithium prices. With global demand for lithium, crucial for electric vehicle batteries, still strong, these miners are focusing on expanding their operations and investing in new projects. They are exploring ways to enhance efficiency and increase production capacity to navigate the challenging market conditions and capitalize on long-term demand trends. https://lnkd.in/dudvqmH8

A private US lithium startup backed by Stellantis NV and General Motors Co. is working with financial advisers to seek more than $1 billion for its project in California. The funds are for a project from Controlled Thermal Resources Holdings Inc., known as CTR, in Imperial County near the Salton Sea area, according to people familiar with the matter. The region is home to geothermal brine deposits. The financing plan is a bit of an anomaly in an industry that’s faced recent headwinds. Price for lithium — the metal that’s a key ingredient for batteries used in electric vehicles — have tumbled more than 80% from a late-2022 record as the market whiplashed from shortage fears to a mountain of surplus inventories. The collapse is creating havoc among producers, with stalled projects, scrapped deals and output cuts. Still, the project from CTR involves a foray into a space that some experts have said holds promise. Unconventional lithium deposits, such as geothermal brines, have the potential to unlock future supplies of the metal, once technology challenges can be resolved. China has long dominated global supplies of commodities crucial to EVs, but the US wants to change that and build its own supply chain. A lot of the support for domestic American production has come from the government. For the private sector, battery supply chain projects that involve processing, refining and recycling are usually well-received. The funding plan includes equity and debt financing, and Goldman Sachs Group Inc. will act as the lead bank for the equity financing, said the people who asked not to be named because the information is private. Goldman declined to comment. Stellantis in August invested more than $100 million in CTR, expanding an initial supply agreement to have CTR supply as much as 65,000 metric tons of battery-grade lithium hydroxide over a 10-year term. GM said in 2021 it made a “multi-million dollar” investment in CTR, without disclosing the precise size of the investment. #mining #minerals #commodities #rawmaterials #lithium #copper #nickel #cobalt #ev #batteries #miningdotcom #web #gm #stellantis #backed #lithiumstartup #seeks #1billion #brine #project #investment #billionaire #refinery #processingplant #America #us

The EV market seems to be showing signs of recovery. After more than a year of hesitation, we could expect a real rebound in EV demand. Let’s see how the final distribution between NMC and LFP plays out. In any case, it’s good news for miners. #mining

Reiterated #EV commitments from General Motors, Tesla, Honda and Toyota Motor Corporation, along with policy efforts from Center for Strategic and International Studies (CSIS) and Congressmen Paul (PARODY) Tonko and Garrett Graves strengthen the North American #battery industry. Positive signals from the market drive the urgency of establishing local, sustainable, and traceable supply chains, from critical minerals to EVs, to eliminate foreign reliance, secure #energy autonomy, and safeguard national #security. Nouveau Monde Graphite | NYSE: NMG is ideally positioned to support this shift. Based in Canada, we are leveraging our world-class mineral assets and proprietary technology portfolio to develop what is projected to be North America’s first, largest, and fully integrated natural #graphite production for the battery market.     #Anode #Batteries #mining

#ESG is a core segment in battery raw materials and lots of questions have been asked over the past few years about whether #EV manufacturers are paying enough attention to ESG risks within their supply chains. Nowhere is this more relevant than in nickel, and we'd urge readers to check out the fascinating article by Laurens Tijsseling from Minviro in the Battery Materials Review 2024 Yearbook. Download it for FREE from https://lnkd.in/estCZBqZ #investing #mining #ev #evs #graphite #lithiumionbatteries #electricvehicles #energystorage #electricandhybridvehicles #cobalt #nickel #lithium #battery #batteries #batterymetals #bevs #anode #cathode #manganese #rawmaterials #materials #energytransition #automotive #electromobility #transportation #supplychain #supplychains

China’s CATL, the world’s biggest maker of EV batteries, is considering whether to mothball a key lepidolite mine in the south-eastern Jiangxi province, as well as one of its three lithium carbonate production lines, according to a research report published on Wednesday by Citi. Falling lithium prices have affected the cost-benefit equation of producing lithium worldwide, particularly at CATL’s large mine in the Jiangxi province. The asset holds vast amounts of lepidolite, a hard rock ore that is relatively expensive for producing lithium

A significant lithium mine in China's Jiangxi province, accounting for 5-6% of global supply, has been shut down by Contemporary Amperex Technology Co. (CATL), the world's largest battery manufacturer. This closure has catalyzed a surge in lithium miners' stock prices across Asia and the Americas. Lithium prices had declined due to oversupply and slowing electric vehicle (EV) demand earlier this year. However, CATL's move is expected to cut China's monthly lithium carbonate output by 8%, potentially supporting price appreciation amidst high inventory levels. The Sprott Lithium Miners ETF (LITP) offers investors exposure to companies deriving at least 50% of their revenue from lithium mining, exploration, and production. As EVs and energy storage technologies gain traction, lithium miners may become a source of wealth-building for investors. #lithium #evs #mining #energystorage @sprottetfs @catl_liion

Exciting times ahead for electric vehicles! With North America emerging as a huge market, demand for nickel in car batteries is expected to triple in the next decade. This surge in demand will likely drive increased investments and exploration for critical metals like nickel. Let's embrace this shift towards sustainable mobility for a cleaner future! ⚡🌎 #electricvehicles #sustainability #nickel #miningnews #mininginvestment

Making the lithium-ion value chain more sustainable The global recycling rate of lithium-ion batteries is approximately 5%, but the demand for Li-ion batteries is expected to increase by 33% annually until 2030.   Recycling faces challenges, but battery manufacturers are developing innovative technologies to scale a more sustainable supply chain.   How can battery recycling be scaled in light of the state of current technology, innovation and market demand? #batterytechnology #liion #manufacturing #batteries #mining #sustainability #recycling #metals

Northvolt's strategic review. Redefining priorities... ▪ Expansion plans to slow down? - 6 battery plants, investments in Hydrovolt (recycling) and Aurora Lithium (Li refinery) ▪ Focus shifting on getting it right in Ett? ▫ In some cases, capturing market share might be preferable in fast growing immature markets, however it risks a start-up of running out of money before profitability is achieved. ▫ Focusing on bigger profits in the long term might be tempting, focusing on smaller profits early-on will bring much needed reputation as a solid investment. 🕚 Speed to sustainable profitability is key. Reading: https://lnkd.in/gHRi4GUq #supplychain #lithiumionbatteries #lithium #evbattery #batteries #batterymetals #automotiveindustry #ev #mining