French miner Eramet said on Monday it had decided, along with Germany''s BASF, to cancel a $2.6-billion joint investment project in a nickel-cobalt refining complex in Weda Bay, Indonesia. "After a ...
French miner Eramet said on Monday it had decided, along with Germany''s BASF, to cancel a $2.6-billion joint investment project in a nickel-cobalt refining complex in Weda Bay, Indonesia. "After a ...
Indonesia Adds Nickel Parks Worth Nearly $40 Billion to Strategic Plan 15 May ... The parks include a high-pressure acid leaching (HPAL) plant, to be built by Indonesian company Anugrah Neo Energy Materials and China''s Gotion Indonesia Materials, that will have a total output capacity of 120,000 tons of nickel in MHP per year, and facilities ...
But it is unclear to what extent the output of the mostly Chinese-invested nickel processing projects will be available for the domestic supply chain, as they might have fixed delivery contracts with Chinese firms. ... LGES''s investment in the $1.1 billion plant is part of a $9.8 billion EV battery ... EV buyer in a middle-income country such ...
Toyota Motor Corporation (Toyota) has decided to invest up to 730 billion yen (approximately $5.6 billion) in Japan and the United States toward supplying automotive batteries for battery electric vehicles (BEVs), for which demand is growing, and aims to begin battery production between 2024 and 2026. This investment is aimed at enabling Toyota to flexibly …
The Pomalaa plant is expected to start commercial production in 2026, with total investment at 67.5 trillion rupiah (RM20.2 billion). The statement did not disclose each company''s share of the investment. Global carmakers are racing to ensure long-term flows of materials like lithium, cobalt and nickel as demand balloons.
Combined with the first round of battery material processing and manufacturing awards, funding from this program will generate $16 billion in public and private sector …
WASHINGTON, D.C. — As part of the Biden-Harris Administration''s Investing in America agenda, the U.S. Department of Energy (DOE) today announced over $3 billion for …
Between 2018 and the first half of 2021, Chinese companies invested $4.3 billion to acquire lithium assets, twice the amount invested by companies from the US, Australia and Canada combined.
The Department of Energy awarded 25 projects over $3 billion under the Bipartisan Infrastructure Law to boost domestic production of advanced batteries and battery …
Dive Brief: The clean energy manufacturing industry started the new year with a bang in the electric vehicle and battery sectors, according to an analysis of January project announcements from environmental and economic advocacy group E2.; Four manufacturers announced a total of $2.4 billion in investment in January, the most significant being …
The 20 companies will receive a combined $2.8 billion to build and expand commercial-scale facilities in 12 states to extract and process lithium, graphite and other battery materials, manufacture components, and demonstrate new approaches, including manufacturing components from recycled materials.
Drilling to date has returned a resource estimate of nearly 2 billion tonnes of indicated material, grading 0.12% nickel for 2.4 million tonnes of contained metal, for the Baptiste deposit.
Newmont (NYSE: NEM) plans to raise $2 billion in cash through mine sales and project divestments following the acquisition. The acquisition brings the company''s value to around $50 billion and adds five active mines and two advanced projects to Newmont''s portfolio. Breakups and spin-offs were also a big part of 2023 corporate developments.
Between 2018 and the first half of 2021, Chinese companies invested USD 4.3 billion to acquire lithium assets, twice the amount invested by companies from the United States, Australia and Canada combined during the same period. An approach to critical mineral security needs to cast its net widely to encompass niche minerals.
The company is offering 10.24% of its shares in an initial public offering set for April 12-14 to raise 8.75 trillion rupiah ($581.20 million), according to a prospectus issued this week.
The US automaker joins PT Vale Indonesia and China''s Zhejiang Huayou Cobalt Co. as investors in a project to make an annual 120,000 tons of nickel chemicals for EV batteries, according to a ...
After deducting the issuing expenses, it is proposed to use 4.6 billion yuan for the integration project of 50, 000 tons of ternary cathode materials for high-nickel power batteries and 100000 tons of ternary precursor materials. 1 billion yuan is used for the precursor project of ternary cathode material with an annual production capacity of ...
BASF SE and Eramet SA abandoned plans to spend up to $2.6 billion building a nickel-cobalt refinery in Indonesia, reversing course after slowing sales growth for electric vehicles crimped demand.
All projects will develop enough lithium to supply over 2 million electric vehicles annually and establish significant domestic production of graphite and nickel. Fact sheets on the projects can ...
The project is expected to cost just over $7 billion, with Northvolt bringing in $3.2 billion and local and federal governments contributing around $4.2 billion. The expansion is off the back of a ...
Powering Polestar 5 will be SK On''s 56-centimeter-long high-nickel battery cells. SK On''s NCM9 cell features a nickel content of nearly 90%. The higher nickel content in the NCM9 battery provides better battery output …
According to Nikkei Asia''s reporting in February 2022, Chinese firms Zhejiang Huayou Cobalt, Eve Energy and Guangdong Brunp Recycling Technology invested nearly US$4 billion into the county in ...
FRENCH miner Eramet said on Monday (Jun 25) it had decided, along with Germany''s BASF, to cancel a US$2.6 billion joint investment project in a nickel-cobalt refining complex in Weda Bay, Indonesia. Read more at The Business Times.
Volkswagen''s battery plant in St Thomas, Ont., which will have up to 90 gigawatt hours of production volume, will see it receive up to $13.2 billion in production subsidies.
The South Korean battery maker can acquire a 10% equity interest in the Crawford project for $100.5 million. ... totalling 2.46 billion tonnes at 0.24% nickel for 13.3 billion lb. of contained ...
President Joe Biden announced $2.8 billion in grants on Wednesday to expand U.S. production of electric vehicle batteries, with some awards going to suppliers of …
BASF SE and Eramet SA abandoned plans to spend up to $2.6 billion building a nickel-cobalt refinery in Indonesia, reversing course after slowing sales growth for electric vehicles crimped demand.. Global availability of battery-quality nickel has improved since the project was conceived, BASF said Monday in a statement. A surge in EV sales has also …
Four manufacturers announced a total of $2.4 billion in investment in January, the most significant being Cummins, Daimler Trucks and Paccar''s $1.9 billion battery manufacturing joint venture ...
The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US electric vehicle (EV) supply chain. Both the Bipartisan Infrastructure Law, which allocated $6bn of credits for batteries and the critical minerals required to make them, and the Inflation Reduction Act (IRA),
The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean ...
That funding comes atop $1 billion for middle-mile infrastructure, which will build more than 12,000 miles of fiber across 370 counties, and $2.3 billion for rural high-speed internet, with 121 ...
WASHINGTON, D.C. — As part of the Biden-Harris Administration''s Investing in America agenda, the U.S. Department of Energy (DOE) today announced over $3 billion for 25 selected projects across 14 states to boost the domestic production of advanced batteries and battery materials nationwide.The portfolio of selected projects, once fully contracted, are …
Natron to invest nearly $1.4 billion in the facility, supported in part by a North Carolina Job Development Investment Grant (JDIG), creating more than 1,000 high-quality local jobs and growing ...