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Chile-based Ensorcia Metals , a specialist in extraction and transformation of lithium, reports that as a first step in its global expansion plans, it will invest €200 million for the construction of a European lithium hydroxide conversion plant under the auspices of its subsidiary, Sorcia Europe. Source: Green Car Congress
GM’s investment arm GM Ventures is leading a $50-million Series B financing round in Energy Exploration Technologies ( EnergyX ) and will develop the company’s lithium extraction and refinery technology. This could help create a lithium supply chain in NorthAmerica that may otherwise be unviable, the company said.
In two previous articles, I have discussed China’s commanding lead in the rapidly-growing lithium industry. In a nutshell, it’s because China has invested heavily into developing its lithium supply chain, while the U.S. However, a number of companies are working to commercialize a lithium industry in the U.S.
Austin Elements will produce battery-grade lithium carbonate and iron phosphate from black mass, including “dirty” black mass, which contains high amounts of aluminum and copper. The company’s low-carbon processes recover valuable minerals from various sources, including LFP and NCM lithium-ion batteries and manufacturing scrap.
Rio Tinto says it will invest $98 million in a 34-megawatt PV array and 12-megawatt-hour lithium-ion battery system to help power its Koodaideri mine in Pilbara, Western Australia. The sector is also moving towards renewables because they are cheaper than fossil-fuel energy sources.
Lithium iron phosphate (LFP) is considered a safer and longer-lasting cathode material compared to NMC chemistries, but in the past, its lower cell-level energy density made it less attractive for EVs. It turns out the process and equipment we use to make DRX is shared with other cathode materials like lithium iron phosphate.
While GM has been working to develop new technologies and production methods for lithium-metal, silicon, and solid-state batteries, Honda claims to have established a demonstration line for solid-state battery technologies which it views as key to future EV development. "GM
APAC, starting with China, Japan, Korea, Australia, and New Zealand as the first region; India, the Russian sub-continent as the second region; Europe, the Middle East, and Africa as the third region, and then North and SouthAmerica as the fourth region.
🔋 Polarium , a Stockholm, Sweden-based lithium-ion battery energy storage developer, raised $49m in funding from AMF, Alecta, Harald Mix, Roosgruppen, and Vargas Holdings. DCVC , a Palo Alto, CA-based investment firm, raised $700m across two new funds, with one of them being DCVC Climate.
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