Exxon launches lithium business, targets supply to 1 million EVs by 2030

Image: Shutterstock

ExxonMobil has announced plans to produce lithium from land in southern Arkansas, USA, that it acquired earlier this year, marking one of the first direct forays by legacy oil and ...

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Lithium demand slows as EV momentum falls, but miners stay bullish

Greenbushes in Western Australia, the world's largest lithium mine. Image courtesy: IGO

Albemarle, the world's largest lithium miner and among the largest suppliers of the mineral to EV battery makers, reported lower-than-expected quarterly profit and cut its annual f...

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Daily Shorts: Albemarle scraps Liontown purchase, E.ON risks falling behind RE transition, and more

Image: Pexels

US lithium miner Albemarle withdrew its proposal to acquire Australia's Liontown Resources for A$6.6 billion, citing "growing complexities" over the deal. Following the announcemen...

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Daily Shorts: US okays 704 MW offshore wind farm, APA buys $1.1 bn Australian assets

Image: Revolution-wind.com

The US has greenlighted a 704 MW wind farm consisting of 65 wind turbines and two offshore sub-stations off the coast of Rhode Island, as part of plans to install 30 GW of offshore...

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India will allow private sector to mine lithium, five other critical minerals

India has amended laws to allow private companies to prospect for six rare and critical minerals, including lithium, which were off limits until now, multiple news outlets reported...

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Daily Shorts: China’s Li Auto to launch battery EV, Rivian declares it is financially fit

Image: New Fortress Energy

Rivian Automotive raised full-year production estimates to 52,000 vehicles and proclaimed it was financially stable, bringing some cheer to the troubled US EV sector. Rivian, backe...

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Weekend Roundup: World Bank to fund 1,000 mini grids in Nigeria, Alberta pauses green approvals

The World Bank will help fund 1,000 solar-based mini grids in Nigeria along with the country's government and private sector, President Ajay Banga said. The bank has funded 150 suc...

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Daily Shorts: Mexican governor eyes EV investment from Tatas, lithium miner tests new extraction process

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Samuel Garcia, governor of the northern Mexican state of Nuevo Leon, is meeting executives in India as part of his plans to attract EV investments in the state, Reuters reports. Te...

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Is Exxon eyeing lithium? Reports of oil company in talks with Tesla, VW and Ford to supply the metal

Is ExxonMobil getting into lithium? Bloomberg reports that the oil major is in talks with electric-vehicle maker Tesla and conventional carmakers such as Volkswagen, Ford and other...

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Weekend Roundup: Capital Energy puts 4.3 GW RE assets on the block, Sigma Lithium scouts for buyers, and more

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Spanish renewable energy investor Capital Energy has put 4.3 gigawatts (GW) of wind and solar power plants for sale. The assets, all based in Spain, are estimated to fetch up to $1...

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Completion of critical mineral projects will ensure enough supply to meet global climate pledges: IEA

The global market for critical minerals such as lithium, cobalt, nickel and copper has doubled in the last five years, but the world will have enough supply to meet national climat...

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IBAT's modular direct lithium extraction technology claims 95 pc recovery rate

International Battery Metals Ltd. has claimed that its modular direct lithium extraction (MDLE) technology delivers a 97 percent extraction rate of lithium from feed brin...

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BYD to spend $620 mn for three-plant complex in Brazil

BYD says one of the three plants will be dedicated to electric trucks. Image: BYD

China's BYD will spend $620 million to set up a new, three-complex in the Camacari industrial park in northeastern Brazil, the company announced. BYD's announcement comes on the ba...

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Rechargeable li-ion battery inventor John Goodenough passes away

John Bannister Goodenough, co-inventor of the rechargeable lithium-ion battery, has passed away one month before he would turn 101 years old, the Hindu BusinessLine reports, citing...

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Chile, EU to co-operate on lithium projects

Chile and the European Union have agreed to develop value-added lithium projects in the South American nation, and the parties will sign a memorandum of understanding soon, Europea...

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Allkem, Livent merge to create world's third largest lithium miner

US-based Livent and Australia-based Allkem are combining in a $10.6 billion all-stock deal that will create the world's third-largest producer of lithium, a metal pivotal to making...

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Chile releases National Strategy For Lithium; plans to nationalize the industry

Chile's President, Gabriel Boric recently announced the government's National Lithium Strategy asserting that the State will be present throughout the lithium produc...

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GM leads $50 Mn funding round in EnergyX to unlock Lithium supply in US

Energy Exploration Technologies Inc. (EnergyX) and General Motors (GM) have announced that GM Ventures has led a $50 million Series B financing round in EnergyX, along with&nb...

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Mercedes-Benz to source Battery-grade Lithium Hydroxide from Rock Tech Lithium in Germany

German-Canadian startup Rock Tech Lithium Inc. has commenced the ground works for its lithium plant in Guben, Brandenburg in Germany to supply Mercedes-Benz with battery-grade lith...

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Electra recovers Lithium from Battery Recycling trial, claims improved economics

Canadian firm Electra Battery Materials Corporation had recently announced the successful recovery of lithium, a critical mineral needed for the electric v...

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India-Australia Critical Minerals Partnership eyes 5 Lithium, Cobalt projects

India and Australia have reached a major milestone in working towards investment in critical minerals projects to develop supply chains between the two countries. The countries hav...

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India finds 5.9 million tons of Lithium reserves in Reasi district of J&K

In a what can be considered as a big reveal for the mineral industry, the Geological Survey of India (GSI) has found a massive deposit of lithium within the Indian territory. ...

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GM to invest $650m in Lithium Americas to develop largest lithium source in US

American automaker General Motors and Lithium Americas recently announced an investment agreement to develop the Thacker Pass mine in Nevada, which is claimed as the...

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DoE invests in harvesting cost-efficient lithium from geothermal brines

The U.S. Department of Energy (DOE) has recently taken a significant step forward in its effort to shore up America's domestic supply of battery-grade lithium—a subs...

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Green Lithium large-scale merchant lithium refinery in UK announced

United Kingdom's first-ever merchant lithium refinery to supply battery grade materials for use in the electric vehicle, renewable energy and consumer technology supply chains has ...

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Mercedes-Benz, Rock Tech Lithium sign supply agreement for battery-grade Lithium

Mercedes-Benz AG has concluded a supply agreement with Canadian-German start-up Rock Tech Lithium Inc. to secure high-quality lithium meant for EV battery production as part of a d...

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Ford secures 60 GWh of annual battery capacity for 600,000 EVs by late 2023

American automaker Ford's recent announcements regarding a series of initiatives for sourcing battery capacity and raw materials has shed clear light on the company's strategic pla...

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DOE announces finalists of Geothermal Lithium Extraction Prize

The U.S. Department of Energy (DOE) has announced the finalists in the $4 million American-Made Geothermal Lithium Extraction Prize, a competition supporting innovations that help ...

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Stellantis invests €50 million in Vulcan Energy to boost low-carbon LiOH for EV production

Stellantis N.V. and Vulcan Energy Resources have announced the former's €50 million equity investment in Vulcan Energy, along with an extension of the original binding offtake agre...

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Snow Lake Lithium, Univ. of Manitoba collaborates to reinforce understanding of Li deposits

Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd., and the University of Manitoba are collaborating to strengthen the understanding of the lithium deposits in Snow Lake and su...

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