Articles for tag: battery, bill, CHARTS, cobalt, continues, lithium, Metals, nickel, price, sets, slump

January 10, 2025

Ron Finklestien

mining

“Analysis: Declining Prices of Lithium, Nickel, and Cobalt Signifies Challenges for EV Battery Metals Market”

Global Electric Vehicle Battery Capacity Reaches New Heights Amid Market Shifts From January to October, the world saw a total of 674.6 GWh of new battery power, according to Toronto’s Adamas Intelligence, a firm specializing in EV supply chain research. Increasing Popularity of Hybrid Vehicles The surge in electric vehicle (EV) adoption coincides with a growing preference for hybrid vehicles, which typically contain smaller batteries. This trend reflects a noticeable shift in consumer choice. This year, plug-in hybrid vehicles (PHEVs) have seen a staggering 71% increase in battery capacity compared to a modest 17% growth for fully electric cars. The

March 20, 2024

Ron Finklestien

mining

Glencore’s Ambitious Emission Reduction Goals Glencore’s Ambitious Emission Reduction Goals

Glencore, in a move mirroring its earlier climate strategy but now imbued with a definitive target, has announced a bold plan to slash emissions by 25% by 2030. This decision, as per CEO Gary Nagle, arises from a diverse array of influences, including shifting market dynamics, emerging regulations, insights from peer companies, and the latest data from the International Energy Agency (IEA) and the United Nations Framework Convention on Climate Change (UNFCCC). The company’s initial climate action plans in 2020 aligned with the broader Paris Agreement objective of containing temperature rise under 1.5 degrees Celsius. However, Glencore, headquartered in Baar,

February 27, 2024

Ron Finklestien

mining

Canada Rare Earth forges strategic ties in the Democratic Republic of Congo

New Expansive Operations Aiming to bolster its position in the market, Canada Rare Earth has ventured into the Democratic Republic of Congo to scout for mineral concessions with an eye on acquisition. The company’s strategic objective is to secure 2-3 exclusive sources of rare earth concentrate and other minerals for operational purposes by the conclusion of 2024. This bold move is poised to revamp the supply chain significantly, leading to a reduction in costs and an enhancement of efficiency. In synergy with the existing artisanal supply chain, Canada Rare Earth seeks to optimize its operations in the region. Speaking on