By the looks of it, every car of the future will be equipped with a powerful and cheap battery made in, and more importantly by, China.
Nickel-Manganese-Cobalt (NMC) batteries favoured by most vehicle makers contain around 20% cobalt.
Musk said on Wednesday the cobalt content of its NCA cathode chemistry “is already lower than next-generation cathodes that will be made by other cell producers with a nickel-manganese-cobalt ratio of 8:1:1″.
#Nickel intermediates could provide the most cost-effective means of bringing on-stream additional class one nickel units to serve the growing battery market – #Vale.
Nickel demand from the battery sector could increase to 1.8 million tonnes by 2030 from 700,000 tonnes by 2025, according to Vale’s upside forecast. Its more conservative forecast suggests demand of 350,000 tonnes in 2025 and of 1 million tonnes by 2030.
“There is no better chemistry available than lithium-ion and it favors nickel in a big way; the more nickel the better, the greater the energy density,”.
“And the more nickel you add, the cheaper it becomes – your battery cost comes down significantly,”.
RIO DE JANEIRO, April 26, 2018 (Reuters) – #Brazil’s #Vale hopes to find a partner for its struggling #NewCaledonia #Nickel mine by the end of the year but it is not clear if the world’s largest nickel producer will continue nickel operations there, executives said.
#JOHANNESBURG (miningweekly.com) – Five companies that can supply essential raw materials for an emerging battery industry in #Finland have joined a cooperation network that aims to obtain international investment in the battery cluster.
The cooperation network includes the cities of Vaasa and Kokkola, #Freeport #Cobalt, the world’s largest cobalt refinery and producer of battery chemicals, #Norilsk #Nickel, the producer of nickel metals and nickel chemicals in Harjavalta, Terrafame Group, the parent company of Terrafame producing nickel, zinc, cobalt and copper in Sotkamo, Keliber, which is preparing to start lithium production in Kaustinen and Kokkola, as well as Beowulf Mining, the owner of a graphite deposit in Heinävesi.
#LAPAZ (#Reuters) — #Bolivia will manufacture and market #Lithium batteries along with #German company ACI Systems #GmbH, which will invest $1.3 billion in the project, the country’s manager of the lithium deposits told the #Bolivian state radio . Along with #Argentina and #Chile, Bolivia is part of South #America’s so-called “lithium triangle,” one of the largest global reservoirs of the key mineral for the production of car batteries.
Read more at: http://the-japan-news.com/news/article/0004389864
#SHANGHAI (#Reuters) – #BHP #Billiton is expanding its business as a supplier of battery minerals at its #Nickel refinery in Western #Australia, planning to start producing nickel sulphate next year and looking at #Cobalt output as well, a company executive said.
Cobalt and nickel are both critical ingredients for #Lithium ion batteries, and are expected to see a boom in demand as global automakers transition into producing electric vehicles.