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Pioneering rare earth recycling company HyProMag, which was formed by researchers from the University of Birmingham’s School of Metallurgy and Materials, is to be acquired by Maginito Ltd, in a deal that aims to catalyse the further scale-up and international roll-out of technology first piloted at the University of Birmingham and forming the basis for the UK’s first full scale remanufacturing facility for rare earth magnets at Birmingham’s Tyseley Energy Park being developed later this year.

HyProMag’s core technology is the based upon the patented process – Hydrogen Processing of Magnet Scrap (HPMS), which was originally developed within the University’s Magnetic Materials Group (MMG) to extract rare earth magnets from scrap and redundant equipment and subsequently licensed to HyProMag.

The development of domestic sources of recycled rare earths in the UK, Germany, United States and other territories is a significant opportunity to fast-track the development of sustainable and competitive recycled rare earth magnet production.

Read more at: https://www.birmingham.ac.uk/news/2023/birmingham-to-become-uks-first-centre-for-rare-earth-magnet-recycling

It is one of the defining competitions of our age: The countries that can make batteries for electric cars will reap decades of economic and geopolitical advantages.

The only winner so far is China.

Despite billions in Western investment, China is so far ahead — mining rare minerals, training engineers and building huge factories — that the rest of the world may take decades to catch up.

Even by 2030, China will make more than twice as many batteries as every other country combined, according to estimates from Benchmark Minerals, a consulting group.

Here’s how China controls each step of lithium-ion battery production, from getting the raw materials out of the ground to making the cars, and why these advantages are likely to last.

China controls:	41% of the world’s cobalt
	28% of lithium
	6% of the world’s nickel
	78% of graphite
	5% of manganese
REFINING:	95% of manganese
	73% of cobalt
	70% of graphite
	67% of lithium
	63% of nickel
Components making:	74% of separators
	77% of cathodes
	92% of anodes
Cathodes making:	73% of NMC cathodes
	99% of LFP cathodes
Battery Cells	66% of the world’s battery cells

Read more at: https://www.nytimes.com/interactive/2023/05/16/business/china-ev-battery.html

Tesla CEO Elon Musk traveled to Texas on Monday to celebrate the groundbreaking of the company’s new lithium refinery that the electric vehicle maker hopes will give the company more control over its supply chain.

Musk said the facility, which will be one of the largest of its kind in the world, will produce lithium for “about a million vehicles” and have more lithium refining capacity than “the rest of North American refining capacity combined.” 

He explained that the refinery’s capacity could be expand.

Read more at: https://www.foxbusiness.com/markets/elon-musk-greg-abbott-celebrate-groundbreaking-teslas-new-texas-facility

An agreement between the US and the European Union over critical minerals would unlock wider benefits than previously thought, with a deal paving the way to remove several more trade barriers introduced by President Joe Biden’s massive green subsidy law, according to people familiar with the matter.

An accord would essentially allow EU companies to take advantage of some of the benefits in the Inflation Reduction Act on the 50 minerals defined as critical in the law, said the people who spoke on the condition of anonymity.

The Biden administration has said that nations with trade agreements with the US will be able access some of the IRA’s benefits, which will offer some $369 billion in handouts and tax credits over the next decade for clean-energy programs in North America. If the minerals accord is passed, it would act as the equivalent of a free-trade agreement and that status would in turn enable electric vehicles containing EU-extracted and processed critical minerals to be eligible for IRA subsidies, the people said.

The US Trade Representative’s office declined to comment.

An early draft of the EU-US minerals agreement lists five minerals — cobalt, graphite, lithium, manganese and nickel — covered by that standalone accord, Bloomberg previously reported. Such a deal would echo one that the Biden administration signed last month with Japan.

Read more at: https://www.bloomberg.com/news/articles/2023-04-28/us-eu-critical-minerals-deal-would-give-eu-broader-trade-relief#xj4y7vzkg

SANTIAGO, April 20 (Reuters) – Chile’s President Gabriel Boric said on Thursday he would nationalize the country’s lithium industry, the world’s second largest producer of the metal essential in electric vehicle batteries, to boost its economy and protect its environment.

The shock move in the country with the world’s largest lithium reserves would in time transfer control of Chile’s vast lithium operations from industry giants SQM and Albemarle to a separate state-owned company.

It poses a fresh challenge to electric vehicle (EV) manufacturers scrambling to secure battery materials, as more countries look to protect their natural resources. Mexico nationalized its lithium deposits last year, and Indonesia banned exports of nickel ore, a key battery material, in 2020.

“This is the best chance we have at transitioning to a sustainable and developed economy. We can’t afford to waste it,” Boric said in an address televised nationwide.

Read more at: https://www.reuters.com/markets/commodities/chiles-boric-announces-plan-nationalize-lithium-industry-2023-04-21/