June 2021

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

A summary of China’s battery raw materials imports for May 2021.

Growing EV uptake drives sustainable lithium sourcing in South America

With demand for lithium set to increase exponentially in the medium term, due to the growing uptake of electric vehicles (EVs) worldwide, companies along the lithium supply chains continue to announce plans for responsible extraction of the battery raw material.

FOCUS: Battle begins to recycle millions of EV batteries

Work is under way in Fredrikstad, Norway, to build a plant that will be key to electric vehicle (EV) transportation in Europe.

China’s nickel sulfate prices edge down in wake of LME decline

The price of nickel sulfate in China widened downward in the week to Friday June 18, amid falling nickel prices on the London Metal Exchange, leaving market sentiment cautious, sources told Fastmarkets.

CHINA COBALT SNAPSHOT: Stronger futures support metal prices; aggressive offers in salts

Key data from the Friday June 18 pricing session in China.

NEW ENERGY MATERIALS MARKET REPORT 18/06: Cobalt prices up on increased buying appetites in Europe, US

An overview of the new energy materials markets and their price moves from the past week.

COBALT FUTURES SNAPSHOT: First trade concluded for 2023, open interest grows

The latest analysis from recent activity on the CME Group’s cobalt metal futures contract, cash-settled against Fastmarkets’ price assessment for cobalt, standard grade, in-whs Rotterdam.

GLOBAL LITHIUM WRAP: Hydroxide prices post gains on supply constraints

The global lithium hydroxide complex extended its firm tone over the week ended Thursday June 17 against a backdrop of persistent supply constraints and optimism for growing demand.

China’s LFP battery production exceeds NCM battery output in May

Chinese output of lithium iron phosphate (LFP) batteries surpassed that of nickel-cobalt-manganese (NCM) lithium-ion batteries in May, data from the China Association of Automobile Manufacturers (CAAM) shows.

ENERGY TRANSITION: US battery strategy aims to eliminate nickel, cobalt

The United States has published a strategy for lithium-ion battery manufacturing which calls for the elimination of cobalt and nickel from the cathode by the end of the current decade.