Andrew Miller of Benchmark Mineral Intelligence shares his thoughts on what Volkswagen’s electric vehicle announcement could mean for demand for the raw materials needed to make electric vehicle batteries.
Panasonic currently holds a 39-percent share of the electric vehicle battery market. However, LG Chem and Samsung SDI are jostling to displace the company.
Neighborhood electric vehicles are a type of battery electric vehicle that makes traveling around the city a zero-emission experience.
James Stafford of Oilprice.com published an article that looks at the supply-demand situation for lithium, noting that as companies like Tesla Motors Inc. (NASDAQ:TSLA) begin to bring lithium-ion gigafactories online, there will be “a phenomenal spike in demand that will be no less exciting than the shale boom.”
Chris Berry is known for his positive view on energy metals in the midst of broader weakness in commodities prices. He brought up that point of view again during his presentation at this year’s PDAC conference in Toronto, giving some insight into why he favors metals like lithium, graphite and
Japanese auto maker Honda has established the world’s first process to reuse rare earth metals extracted from nickel-metal hydride batteries. Using the newly defined process, it is able to extract over 80 percent of rare earth metals contained in used batteries at more than 99-percent purity.
The lack of adequate electric vehicle (EV) charging infrastructure may be the greatest barrier to the widespread adoption of EVs in the United States.
Magnesium consumption slumped in Europe last year, largely due to automotive industry plant closures and a precipitous drop in car sales. But while the European economy is still struggling, there are hopes that it may start recovering in the second half of 2013. China’s removal of its magnesium export tax
China has dropped its export tax on magnesium, spurring optimism that demand from car makers, the consumer electronics industry and steelmakers will increase. Such demand could in turn push producers of the metal to ramp up production.
Some of the world’s most innovative and forward-thinking car manufacturers are rolling out their latest lines of lithium-ion battery-powered electric vehicles in 2013.
Magnesium has been an essential component in making cars lighter for nearly a hundred years. Now General Motors is patenting a new process that will make it an alternative to parts previously made with heavier metals like aluminum, titanium and steel. The result will be a significant reduction in fuel
Increased use of electric vehicles and electronic devices such as iPhones is driving lithium-ion battery demand and may push lithium consumption to double or triple in the next eight years.
China holds the top position in the global magnesium market, but its dominance is being challenged by Canadian juniors like Gossan Resources and West High Yield Resources.
General Motors’ breakthrough in magnesium car parts is lifting hopes that all manufacturers will make greater use of the metal, especially as the European Union’s mandate to slash greenhouse gas emissions looms.
In light of China’s limitation on rare earth exports, companies such as Toyota are doing everything within their power to decrease their reliance on rare earth elements.