Lithium

Tianqi Lithium Faces Setback with Return to Loss Amid Extended Battery Metal Downturn

4 days ago

Tianqi Lithium, a prominent player in the global lithium market, has reported a significant financial downturn, showcasing a return to losses largely attributed to a sustained slump in battery metal prices. This news comes as a surprise to many industry analysts who had anticipated a more stable performance for the company, given the explosive demand for lithium due to the electric vehicle (EV) sector's growth.

CATL's Lithium Partner Lopal Anticipates Price Fluctuations in Short-Term Market

7 days ago

In the rapidly evolving landscape of the lithium market, Lopal Technology, a prominent partner of CATL, has expressed expectations regarding notable price oscillations within the near future. The company's role is critical as lithium remains a key component in the production of batteries, particularly for electric vehicles (EVs).

CATL Shares Lag Behind Rivals as Earnings Report Approaches

16 days ago

Contemporary Amperex Technology Co., Limited (CATL), the world’s largest electric vehicle (EV) battery maker, is experiencing a decline in its stock performance compared to its peers ahead of its eagerly anticipated earnings report. This trend has raised eyebrows among investors, as CATL has historically been a cornerstone of the burgeoning EV battery sector.

IM3NY: New York-Based Battery Maker Files for Bankruptcy Amid Financial Struggles

2 months ago

In a significant development for the renewable energy sector, IM3NY, a New York-based battery manufacturer, has filed for bankruptcy after succumbing to severe financial pressures. The company, which has been a key player in the battery production industry, announced on Friday that it had run out of cash and could no longer support its operational costs.

Zijin Mining Acquires Major Stake in Chinese Lithium Producer for $1.9 Billion

3 months ago

In a significant move within the lithium market, Zijin Mining Group Co. announced its intent to acquire a substantial stake in a prominent Chinese lithium mining company for an impressive $1.9 billion. This acquisition marks a strategic step in Zijin Mining's expansion efforts as the global demand for lithium continues to soar, driven primarily by the electric vehicle (EV) revolution and the rising popularity of renewable energy solutions.

Zijin Mining in Negotiations to Acquire $6 Billion Lithium Producer in China

3 months ago

In a significant move within the mining sector, Zijin Mining Group Co., a prominent Chinese mining company, has initiated talks to purchase a lithium producer valued at approximately $6 billion. This potential acquisition underscores the growing demand for lithium, a critical component in the production of electric vehicle (EV) batteries and other green technologies.

Lithium Suppliers Aim to Stabilize Prices Ahead of 2025 Negotiations

3 months ago

As the demand for lithium continues to surge alongside global interest in electric vehicles and renewable energy, suppliers are strategically positioning themselves for upcoming price negotiations in 2025. In a challenging market context, where prices have seen substantial fluctuations, lithium producers are keen to enforce measures that will allow them to rein in price discounts.

Storage Takes Center Stage in China’s Green Energy Transition

6 months ago

China is reworking its green-energy strategy with a greater emphasis on energy storage as it tries to ensure the stability and reliability of supplies of renewable power. As the world's biggest emitter of carbon dioxide undertakes a shift toward cleaner sources of energy, the need for reliable means of energy storage has become key in the attainment of carbon neutrality by 2060.

A Mercedes-Benz Fire May Cloud Korea's EV Transition

6 months ago

The recent case of the Mercedes-Benz EV fire in South Korea has really called into question the Korean transition to electric transportation. It is not only a matter of the question of safety per se but also one of the reliability of even high-end electric cars that could impact consumer confidence and further shape government policies for promotion of EVs.