Lithium-ion battery recycler Aqua Metals has successfully produced what it claims to be the first cathode active material (CAM) made entirely from domestically sourced recycled nickel. This breakthrough represents a significant step toward building a cleaner and more secure U.S. battery supply chain. Using its proprietary AquaRefining process, Reno-based Aqua Metals recovered high-purity nickel from...
READ MOREMobec Innovation has inaugurated its first lithium battery recycling facility in Noida, Uttar Pradesh, with an annual processing capacity of 6,000 tonnes. The plant aims to reduce India’s dependence on imported critical minerals while aligning with national sustainability goals. The Uttar Pradesh Pollution Control Board has granted environmental certifications for the facility. Expanding beyond its...
READ MOREBelgian recycling and smelting company Umicore reported a 22% drop in adjusted EBITDA for 2024, reaching 763 million euros. While the catalysts segment remained profitable, the battery materials business saw a significant downturn, and recycling profits also declined. The company forecasts its 2025 EBITDA to be between 720 million and 780 million euros, with catalysts...
READ MOREIndonesia Battery Corporation (IBC) has announced plans to develop a nickel-based electric vehicle (EV) battery recycling plant by 2031. The initiative, revealed by IBC President Director Toto Nugroho, aims to recycle more than 99% of battery components, supporting the long-term sustainability of Indonesia’s nickel industry. “The nickel used in car batteries can be recycled and...
READ MORELG Energy Solution announced it will begin full-scale production of lithium iron phosphate (LFP) batteries for energy storage systems (ESS) in the U.S. in the second half of 2025. The expansion is supported by a 2 trillion won ($1.4 billion) debt guarantee to fund facility investments at its Michigan plant. Originally designed as a North...
READ MOREUmicore experienced a difficult 2024, with its performance affected by weaker demand for electric vehicles, declining metal prices, and economic challenges in the European industrial sector. Despite these pressures, the company’s core businesses remained stable, and efficiency measures helped mitigate some financial difficulties. Group revenues for 2024 were €3.5 billion, down from €3.9 billion in...
READ MORERio Tinto is exploring the use of intermittent renewable energy for its aluminium smelters, citing falling battery prices as a key factor in making the shift economically viable. Jerome Pecresse, head of Rio’s aluminium division, stated that transitioning to renewable power supported by battery storage is becoming increasingly feasible for the Boyne smelter in Queensland...
READ MORELithium battery recycling is emerging as a key solution for reducing environmental impact and securing future supplies of critical battery metals. A Stanford University study highlights that recycling lithium-ion batteries emits less than half the greenhouse gases (GHGs) of traditional mining while using only a quarter of the water and energy. Recycling defective scrap materials...
READ MORESolus Advanced Materials reported a remarkable 60% increase in battery foil sales volume in 2024 compared to the previous year, with expectations for continued growth in 2025. This performance stands out amidst a challenging period for the electric vehicle (EV) market, which saw many battery and material companies facing declining sales. Despite these market conditions,...
READ MOREForge Battery, a subsidiary of Forge Nano, has finalized a $100 million funding agreement with the U.S. Department of Energy (DOE) to expand its lithium-ion battery production capacity in North Carolina. The funding, part of the Bipartisan Infrastructure Law (BIL), was secured through the DOE’s Office of Manufacturing and Energy Supply Chains (MESC) on January...
READ MOREChina is evaluating new export restrictions on technologies essential to lithium-ion battery production, a move that could have significant implications for the global electric vehicle (EV) and clean energy industries. According to a report from Caixin, the Ministry of Commerce has proposed adding battery cathode production technologies, as well as methods for extracting and processing...
READ MORELithium prices are forecasted to stabilize in 2025 after two years of sharp declines driven by a global oversupply. A nearly 86% drop in prices since their peak in November 2022 forced the closure of numerous mines worldwide. However, analysts and traders anticipate that strong electric vehicle (EV) sales in China and reductions in lithium...
READ MOREChinese nickel producer GEM has completed its annual 30,000-ton high-nickel ternary precursor material project for power batteries in Central Sulawesi, Indonesia. The project, named PT Indonesia Qingmei Energy Materials (Qingmei), is part of the company’s broader strategy to support the growing demand for battery materials. GEM has also announced plans to expand the facility’s capacity...
READ MOREChinese production of lithium-iron-phosphate (LFP) batteries is expected to set market prices in the United States over the next two years, according to Clean Energy Associates (CEA). The consultancy’s Q4 2024 battery energy storage system price forecasting report highlights the impact of heavily tariffed imports and limited production capacity outside China. Batteries imported from China...
READ MOREThe lithium market is at the heart of the global energy transition, driven by soaring demand for electric vehicles (EVs). However, meeting this demand is fraught with challenges, including a looming supply deficit and substantial investment needs. Here, we explore lithium’s supply, demand, and price dynamics, and the critical investments required to address the “great...
READ MORELithium has emerged as a cornerstone in the transition to sustainable transportation, driven by the rapid global adoption of electric vehicles (EVs). A recent report by the International Council on Clean Transportation (ICCT), “A Global and Regional Battery Material Outlook,” emphasizes the increasing demand for lithium due to advancements in battery technology and the push...
READ MOREMarubeni Corporation has completed a $5 million investment in Altilium Metals Ltd., a UK-based company focused on lithium-ion battery (LiB) recycling. The investment was made through a third-party allocation of new shares, positioning Marubeni as a strategic partner in Altilium’s expansion within the sustainable energy sector. Altilium currently operates a pilot plant in Plymouth, UK,...
READ MOREBlue Whale Materials (BWM), a leader in lithium-ion battery recycling, has been awarded a $55 million grant from the U.S. Department of Energy’s (DOE) Office of Manufacturing and Energy Supply Chains. The funding, part of the Bipartisan Infrastructure Law’s Battery Materials Processing and Battery Manufacturing Program, will support BWM’s $110 million expansion of its Bartlesville,...
READ MOREOn December 17, 2023, Hyundai Mobis, the automotive parts arm of Hyundai Motor Group, announced its readiness to commercialize a cutting-edge battery cell cooling material. This innovation, known as the “Pulsating Heat Pipe,” aims to improve both the charging efficiency and safety of electric vehicles (EVs). The Pulsating Heat Pipe system is constructed from aluminium...
READ MORENegotiations for 2025 lithium supply agreements are underway, as producers seek better terms after another challenging year for the critical battery material. Lithium prices are on track for a second consecutive yearly decline, though the steep price rout that saw a near-90% slump from peak levels appears to have stabilized. Lithium refineries are pushing back...
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