ScrapMonster has become North America's largest scrap trading platform with 105,424 members and the trusted source for scrap prices, news, and information. Join Today!
Goldman Sachs said rising usage of electric vehicles (EV) was a "key pillar of copper's bullish story", forecasting copper demand from the sector to amount to 1 million tonnes (mt) this year, rising to 1.5 mt in 2025.
Exxon Mobil (XOM.N) has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc (TTI.N), the second move this year by the oil giant for control of assets needed to produce the electric vehicle battery metal.
Lithium Americas Corp. has initiated construction at its Thacker Pass lithium project in Humboldt County, Nevada. The project is aimed at producing 80,000 tonnes per year of battery-grade lithium carbonate, divided into two phases of 40,000 tpa each.
In a February meeting with mining executives, President Joe Biden laid out an aggressive goal for the United States to produce more of its own minerals for the electric vehicle revolution in ways that respected the environment.
Japan's Nissan Motor Co (7201.T) said on Wednesday it had agreed to acquire all the common shares in Vehicle Energy Japan Inc held by the lithium-ion battery maker's biggest shareholder.
Under the Bipartisan Infrastructure Law, Biden's administration has invested over 3 billion dollars in the United States lithium-ion industry. As part of this investment, 335 million dollars were specifically allocated towards the end-of-life of these products.