Remove Demand Remove Energy Remove Lithium Remove North America
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American Battery Factory and First Phosphate to produce LFP cathode active material in North America

Charged

American Battery Factory (ABF) has partnered with Canadian mineral development company First Phosphate to produce more than 40,000 tons of lithium iron phosphate (LFP) cathode active material (CAM) annually for the battery storage sector in North America.

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LG Energy Solution partners with Compass Minerals to secure US lithium supply chain

Charged

LG Energy Solution has signed a non-binding Memorandum of Understanding (MoU) with Compass Minerals (NYSE: CMP), a provider of essential minerals for producing battery-grade lithium. Under the terms of the MoU, Compass Minerals would supply LGES with lithium carbonate and hydroxide. Source: LG Energy Solution.

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Snow Lake Lithium to Develop World’s First All-Electric Lithium Mine

Green Living Guy

Snow Lake Lithium shares a plan to develop the world’s first all-electric Lithium mine in Manitoba, Canada. They are developing a domestic supply of this critical resource to the North America electric vehicle industry. The demand for electric vehicles is growing rapidly.

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Exxon Mobil plans to produce lithium in Arkansas

Charged

Exxon Mobil is targeting a different segment of the EV ecosystem—the oil giant has announced plans to set up a lithium production facility in Arkansas. Be that as it may, Exxon has the expertise and the capital to become a major player as the industry scrambles to establish sources of lithium in North America.

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Will Lithium Follow The ‘Super-Cycle’ Of Mining?

R-Squared Energy

Those high oil prices caused a recession, which reduced demand, which reduced prices. Thus, new supplies may come online even as demand softens. Eventually demand recovers, but new supply stagnates. But will lithium follow that same trend? The continued demand for EVs continues to drive the battery-production market.

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Can the global battery supply chain keep up with anticipated EV demand?

Charged

As global demand for EVs increases, many are questioning the adequacy of the existing battery supply chain. Nicholson says 97% of current EV demand is supplied by battery firms from China, Japan and South Korea. Further upstream, the raw materials for cells, especially lithium, nickel and cobalt, present another set of problems.

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There’s gold (and lithium and cobalt) in all those EV battery packs

The Verge: Energy

Billions of dollars in incentives such as the Inflation Reduction Act and Bipartisan Infrastructure Law have spurred the creation of a so-called Battery Belt across the southeastern US, all fuel to fire an anticipated spike in electric vehicle demand. That demand is only expected to grow, which is leading to a surge in battery production.

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