Hints and tips:
...The bank’s analysts believe demand for finished batteries could be met without China within the next three to five years, largely thanks to big investments in the US by South Korean conglomerates LG and SK...
...The government will provide tax incentives, lower-rate loans and credit guarantees to help them secure minerals overseas and set up a recycling system....
...China and Russia are challenging US claims to mineral-rich stretches of seabed because Washington has failed to ratify a treaty — the UN Convention on the Law of the Sea — that governs access to resources...
...Glencore already has cobalt offtake agreements with battery makers SK Innovation and Samsung SDI, and carmakers BMW and General Motors....
...It is the largest private corporate employer in the country with 51,200 employees and international backers including Singapore’s sovereign wealth fund GIC and South Korean conglomerate SK Group....
...Europe is relying too much on Chinese electric vehicle batteries, according to an executive of South Korean battery maker SK On....
...China controls the supply chain for dozens of minerals for clean technologies, producing about 90 per cent of the world’s rare earth elements....
...South Korean conglomerates LG, SK Group, Samsung and Hyundai are significant investors in downstream segments including cathodes, battery cells and vehicle production....
...Korean business LG Energy Solution and Chinese group BYD are scrambling to catch up, with Japan’s Panasonic and SK On and Samsung SDI of Korea also in the running....
...We can add value to existing mining companies who can't mine particular ore or mineral from places that conventional mining cannot reach economically....
...The IRA offers billions of dollars in subsidies for batteries that do not rely on Chinese minerals and components....
...Samsung and SK Hynix, the world’s two biggest producers of memory chips, declined to comment....
...Jakarta is also lobbying Washington for Indonesia to receive a tailored trade deal on critical minerals similar to one agreed with Japan in March....
...Plus, mining companies are eager to exploit minerals lying on the bottom of the ocean....
...“Outside of technical circles and the defence industry, it [gallium] is not a critical mineral that people were aware of,” he says....
...Similar partnerships have been agreed between Canada-based Li-Cycle and Korean battery producer LG Energy Solution, and between Massachusetts-based recycler Ascend Elements and Korean battery maker SK....
...The lossmaking arm of Vietnam’s biggest conglomerate faces supply hurdles, too, amid fierce competition for battery minerals....
...Industry insiders told the Financial Times that more deals need to be signed in order for South Korean companies — including LG Energy Solution, SK On and Samsung SDI — to secure supplies of minerals to...
...licensing agreement with CATL differs from other recent deals struck between car companies and battery-makers, in which General Motors, Stellantis and Ford have formed joint ventures with manufacturers LG, SK...
...There’s a lot of ecosystems and support that go all the way back to your mining of minerals . . ....
...EVs with minerals and components from foreign entities of concern will no longer be eligible for those credits from 2025....
...CATL’s cheaper LFP batteries represent stiff competition for those with nickel-rich chemistries produced by the leading South Korean battery makers, LG, SK and Samsung....
...For all the talk about competing with China, the US remains a minnow in cleantech manufacturing and an also-ran in the supply of the critical minerals and parts needed for the energy transition....
...Ford’s recent agreements to secure the minerals and cathode materials for its batteries were largely non-binding. The cost of critical raw materials that remain on the market is soaring....
...The restriction will be extended from 2025 to critical mineral extraction, processing and recycling in order to qualify for a further $3,750 credit, or $7,500 in total....
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