Supply chain localization of the graphite industry is a trend that is expected to continue in 2024 amid ongoing geopolitical tensions and excess capacity in Mainland China, the major holder of the global anode supply. Challenges remain, however, sources told Fastmarkets

South Korean battery maker Samsung SDI’s recent investment in Canada Nickel, despite falling nickel prices, is the latest example of companies forming long-term partnerships to secure electric vehicle supply chain production that qualifies for tax credits under the US Inflation Reduction Act (IRA)

Norsk Hydro is continuing to maximize its production of aluminium products for the automotive sector amid ongoing weak demand in end-use markets like construction, according to a senior executive at the Norwegian producer

Chinese automakers, led by Great Wall Motor, are set to expand their dominance in Thailand's EV market thanks to the newly approved 'EV 3.5' subsidy scheme

The Fastmarkets base metals research team forecasts the dynamic trends and opportunities in the base metals market in 2024 and beyond

Fastmarkets looks ahead to 2024 and beyond at some key developments for the battery materials market as the clean energy transition faces a challenging global economic and geopolitical backdrop

Stardust Power Inc is to build a battery-grade lithium refinery in Oklahoma in the United States, with major construction starting later in 2024, the US-based company’s founder and chief executive officer told Fastmarkets

Major carmaker Mercedes-Benz has deepened its plans to expand operations in Europe’s lithium-ion battery recycling space with the order of a new hydrometallurgical plant to recover battery metals from black mass

The Asian aluminium market is expected to continue its recovery in 2024 after it struggled to meet expectations in the prior year, market participants have told Fastmarkets

Rare earth magnet production looks set to advance in the US and Europe in 2024, with market participants outside of China seeking to secure and onshore the supply chain for magnets