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California to vote on bill to hold EV battery producers accountable for end-of-life management, recycling
California could soon enact legislation that would make electric vehicle (EV) battery producers responsible for ensuring end-of-life management and recycling of their batteries after Senate Bill (SB) 615 was approved by the Assembly Committee on Appropriations, clearing the way for a floor vote.
August 27, 2024
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By Kirstyn Petras
Insights
Canada to impose 100% tariff on EV imports from China
Canada will impose 100% tariff on imports of China-made electric vehicles (EVs) starting October 1, Prime Minister Justin Trudeau said on Monday August 26. The country is also imposing a 25% tariff on steel and aluminium imports from China starting October 15.
August 27, 2024
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By Nina Hu
Insights
Interview with Eric Norris, president of energy storage at Albemarle Corporation | Fast Forward podcast episode 5 transcript
Read the full transcript from episode 5 of Fast Forward podcast on lithium and navigating the future of energy storage with Albemarle's Eric Norris.
August 27, 2024
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Insights
Albemarle’s Eric Norris says better incentive pricing needed in lithium market to avoid slowing of energy transition
In the fifth episode of Fastmarkets' critical minerals podcast Fast Forward, Albemarle's president of energy storage, Eric Norris, said that economics need to support growth in energy transition's future
August 23, 2024
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Insights
Sigma Lithium ‘pacing, not racing’ growth in current market environment | Hotter Commodities
Sigma Lithium is “pacing, not racing” the expansion of its capacity in the current lithium market cycle, but has an acceleration plan in case of an improvement in conditions, chief executive officer Ana Cabral said.
August 22, 2024
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By Andrea Hotter
Insights
High-grade manganese ore prices to China dive amid falling alloy tender price and weak downstream demand
Seaborne prices for high-grade manganese ore delivered to China fell sharply in the week to Friday August 16, in the wake of growing resistance from buyers to high prices, Hebei Steel’s cut in August alloy tender price and reduced downstream demand
August 22, 2024
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By Tina Tong, Claire Patel-Campbell, the Fastmarkets team
Insights
China’s July cobalt metal export and intermediate import numbers raise market concerns about continued oversupply
Signals of oversupply are caused by newly signed contracts and delays in seaborne logistics, said cobalt traders
August 22, 2024
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By Angeline Shi
Insights
Logistics challenges in Africa continue despite Zambia-DRC border resolution
Africa is known for being home to many key resources, including copper and cobalt, but it’s equally known for its persistent logistics issues, such as trucking strikes, shortages of transport capacity and congested ports, which have caused constant delays in shipments from the region.
August 22, 2024
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By Carrie Shi, Sally Zhang, Shiyue Zhao
Insights
EV-related fire in South Korea ignites calls for battery transparency; LFP share grows
Concerns over battery security have escalated the debate over nickel cobalt manganese (NCM) and lithium iron phosphate (LFP) battery origins in South Korea following an electric vehicle (EV) fire due to a faulty battery according to sources
August 21, 2024
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By Sybil Pan, Zihao Li
Insights
US lithium prices need more transparency to help secure domestic supply: Surge Battery Metals chairman
A domestic price mechanism for lithium in the US is essential to bring transparency to the industry in order to successfully secure supply of the critical mineral, Graham Harris, chairman and director at Surge Battery Metals, told Fastmarkets in an interview.
August 21, 2024
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By Leticia Simionato
Insights
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