Shares of Japanese automakers and South Korean battery makers fell on Tuesday, after U.S. President Donald Trump said he could impose tariffs on Canada and Mexico soon and revoked the previous administration’s executive order on electric vehicles. But Chinese manufacturers bucked the trend, with stocks opening higher after Trump did not target China in his […]
Battery Metals
Saudi Arabia commissions its largest battery energy storage system
Saudi Arabia has officially connected its largest battery energy storage system (BESS) to the grid, marking a significant milestone in the country’s renewable energy expansion. The project proponents describe the 500 MW/2000 MWh BESS development in Bisha, in the southwestern Saudi Arabian province of ‘Asir, as the world’s largest operational single-phase energy storage project. The […]
As EV sales surge, the UK car industry might be reaching a turning point
Last year, electric car registrations in the UK topped those of Germany. The number of UK sales (382,000 vehicles) came from growth of 21.4% on 2023, making the UK the largest market for electric vehicles (EVs) in Europe for the first time. In Germany, meanwhile, registrations fell by more than 25% to 380,000 vehicles in 2024 as consumer subsidies of […]
Biden boosts loan for ioneer’s Nevada lithium mine to nearly $1 billion
The US Department of Energy has finalized a $996 million loan for ioneer’s Rhyolite Ridge lithium project, according to documents reviewed by Reuters, an increase of $296 million from a preliminary funding offer and a move aimed at boosting President Joe Biden’s green energy legacy. Scant US production of lithium, an ultralight metal used to […]
Copper in longest winning streak since 2017 on China demand hopes
Copper headed for an eighth day of gains, its longest winning streak since 2017, as fresh economic data from China brightened the demand outlook in the top metals-consuming nation. The industrial metal was poised for a second weekly advance after data released Friday showed China’s gross domestic product in 2024 expanded 5%, meeting the government’s […]
GM signs supply deal with Vianode for synthetic graphite for EV batteries
LONDON, Jan 15 (Reuters) – General Motors (GM.N), opens new tab has signed a multi-year, multi-billion dollar agreement for Norway’s Vianode to provide the U.S. automaker with synthetic graphite anode materials for its electric vehicle batteries, the companies said on Wednesday. The synthetic graphite will be used for EV batteries made by the Ultium Cells […]
