June 2021

German automaker Volkswagen seeks vertical integration to achieve security of battery raw materials supply

Volkswagen Group is seeking partnerships with battery raw material producers in order to vertically integrate and achieve security of supply and competitive prices for its minerals needs, a spokesperson for the German automaker told Fastmarkets on Thursday June 17.

Cobalt prices up again as traders sense new demand

The upward momentum in cobalt spot prices continued on Thursday June 17 with prices rising for the second consecutive day, and traders becoming aggressive in the market after sensing a return of demand.

Buyers resisting high offers for cobalt sulfate in China

Most producers of cobalt sulfate in China kept their offers high in the past week but buyers put up resistance and were cautious about placing orders, sources told Fastmarkets.

PRICING NOTICE: Consultation on cobalt hydroxide index methodology

Fastmarkets is inviting feedback from the industry on the pricing methodology for its cobalt hydroxide index as part of its annual methodology review process and compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.

Lithium Americas on track to start Thacker Pass works in early 2022, CEO says

Junior miner Lithium Americas is on track to begin construction of its Thacker Pass project in the United States in early 2022, chief executive officer and president Jonathan Evans told Fastmarkets on Tuesday June 15.

FOCUS: Narrowing gap between spot, contract lithium prices underlines supply tightness, price evolution

The gap between lithium spot and contract prices has narrowed significantly in 2021 as a result of tight availability along the lithium supply chain and price evolution, market sources said.

Ganfeng Lithium to buy 50% stake in Mali lithium mine for $130 million

China lithium producer Ganfeng Lithium is acquiring a 50% stake in a special purpose company that owns the Goulamina hard-rock mine in Mali for $130 million, the company said on Tuesday June 15.

INTERVIEW: Nouveau Monde adds recycling to sustainable graphite project

Canada-based Nouveau Monde plans to recycle its active anode graphite flake while developing its sustainable graphite project, company founder Eric Desaulniers has told Fastmarkets.

NEW ENERGY MATERIALS MARKET REPORT 11/06: Battery-grade lithium price rally pauses

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

Ganfeng Lithium receives approval to issue new shares amid surging lithium demand

China’s Ganfeng Lithium has been authorized by the Chinese Securities Regulatory Commission to issue around 48 million new shares overseas, the company said in a filing on Friday June 11.