October 2021

Albemarle to invest in new battery materials project in Meishan, Sichuan [UPDATED]

United States-listed lithium producer Albemarle has signed an investment agreement with the local government of Pengshan Economic Development Zone in Meishan city, Sichuan Province to invest in a new lithium-ion battery materials project, the local government said.

IN FIGURES: China’s battery raw materials exports in September 2021

A summary of China’s battery raw materials exports for September 2021, according to the latest Chinese customs data.

IN FIGURES: China’s battery raw materials imports in September 2021

A summary of China’s battery raw materials imports for September 2021, according to the latest Chinese customs data.

Tesla to use LFP batteries in all standard-range EVs

United States-based carmaker Tesla will use lithium iron phosphate (LFP) batteries for its standard-range electric vehicles (EVs) globally, the company said in a quarterly update on Wednesday October 20.

BHP again tops Wyloo bid for nickel prospect Noront Resources

Australia-based global miner BHP has raised its offer in a bidding war to acquire prospective Canadian nickel producer Noront Resources.

RESEARCH: Chinese graphite producers face rising power costs, higher prices in Q4 2021

Fastmarkets sees upside risk to Chinese graphite prices in the fourth quarter of 2021, largely reflecting rising electricity costs and reduced power supply, as well as insufficient inventories and inadequate availability of feedstock for spherical graphite processing.

FOCUS: China’s cobalt metal price rises but unlikely to catch up with international prices

China’s cobalt metal price strengthened after China’s National Day holiday (October 1-7) amid the rally in international benchmark metal price and a shortage of spot units. While the price gap between China domestic market and the international market narrowed, it is unlikely that the former will match the latter in the near future, sources told Fastmarkets.

Umicore expects slightly lower 2021 earnings amid semiconductor shortage

Belgian battery materials manufacturer Umicore has lowered their full-year outlook for 2021 because the global semiconductor shortage has impacted its catalysis, cathode materials and recycling segments business, the company said on Monday October 18.

ENERGY TRANSITION RAW MATERIALS 15/10: International metal cobalt prices move up on firmer tone after LME week

An overview of the new energy materials markets and their price moves in the week to Friday October 15.

Spot spodumene price steady; market eyes next auction

The spot price for spodumene concentrates has been steady in the past two weeks, while the market is eyeing the next auction for lithium feedstock in late October.