January 2022

Booming battery prices in Asia to continue amid choked global supply chains

Battery raw materials prices are likely to continue to boom in Asia this year due to choke points in global supply chains, sources told Fastmarkets.

EV makers pass soaring battery costs to consumers even as subsidy cuts bite

More and more automotive producers are increasing the prices for their electric vehicles (EVs) as a response to high lithium and cobalt prices, as well as reduced subsidies for consumers in 2022.

Vanadium prices up in tight European market, spodumene continues rally

An overview of the new energy materials markets and their price moves in the week to Friday January 21.

China’s nickel sulfate price rises further amid strong LME nickel price

China’s nickel sulfate price increased during the week to Friday January 21 on the strong London Metal Exchange nickel price, but market sentiment is cautious towards the high price.

BritishVolt secures gov funding for UK gigafactory; concerns on raw material supply grow

The British government has provided an in-principle funding offer of around £100 million ($135.6 million) to battery manufacturer BritishVolt for its planned gigafactory in Blyth, England.

Global lithium hydroxide prices post strong gains amid tight supply

Chinese lithium hydroxide prices continued to rise in the week to Thursday January 20 amid firm demand, tight supply and strength from China’s lithium carbonate market. Lithium hydroxide prices in other markets also followed suit.

Electra signs battery recycling, cobalt sulfate supply deal with Marubeni

Electra Battery Materials Corp has signed a battery recycling and cobalt sulfate supply agreement with Japanese conglomerate Marubeni Corp, the Canada-based company said.

Trafigura, Shalina sign $600 mln financing deal to expand copper, cobalt supplies

Trading house Trafigura has concluded a $600 million financing and marketing deal with vertically-integrated copper cobalt producer Shalina Resources and its subsidiary Chemaf SA, it announced on Wednesday January 19, with the intention of increasing the supply of cobalt hydroxide and copper cathode.

BHP copper production falls 12% in H2 2021, nickel output down 15%

A summary of Australia-based miner BHP’s copper and nickel production results for the six months to 31 December 2021, and its full-year guidance for the 2022 financial year, as released on Wednesday January 19.

Energy transition business growth comes with reputational risks for traders, PwC says

Trading companies are concerned about the potential risk to their reputation and image while they form their strategies to capitalize on the business opportunities offered by energy transition efforts, according to a new report by PricewaterhouseCoopers (PwC).