Rising demand for electric vehicles (EVs) in global markets is encouraging automakers such as Tesla Inc., Volkswagen and Stelantis NV to secure the raw materials needed to make batteries.
see photosChina-made Tesla Model 3 electric vehicles are seen at electric car maker Tesla’s Gigafactory
Rising demand for electric vehicles (EVs) in global markets is encouraging automakers such as Tesla Inc., Volkswagen and Stelantis NV to secure the raw materials needed to make batteries.
Major automakers have announced some deals with suppliers and miners:
Tesla
01-March-2022Core Lithium will supply 110,000 dry metric tons of spodumene concentrate, a major source of lithium, over four years, starting with an Australian project in the second half of 2023.
01-Nov-2021
China’s Gunfeng Lithium Company will supply battery-grade lithium for three years from 2022. The volume was not disclosed. Ganfeng is the world’s third largest lithium supplier. 22-July-2021 BHP Group of Australia will supply nickel from BHP’s plants in Western Australia. Quantity, timing not disclosed.
Volkswagen
08-Dec-2021
Vulcan Energy Resources will provide lithium hydroxide for five years from 2026. Vulcan extracts lithium from geothermal sources in the Upper Rhine Valley region of Germany.
08-December-2021 Under a joint venture with Belgian chemical firm Umicore carmaker VW will supply cathode material for European battery cell factories. It will begin production in 2025 for VW’s plant in Salzgitter, Germany, with 20 gigawatt hours (GWh).
Stellantis NV
29-Nov-2021Preliminary deal with Vulcan Energy Resources for Lithium produced using geothermal energy from Germany. Over five years starting 2026, Vulcan will supply 81,000 to 99,000 tons of battery-grade lithium hydroxide.
Renault SA
21-Nov-2021
Vulcan Energy Resources will supply 26,000 to 32,000 metric tons of battery-grade lithium chemicals for an initial six years beginning in 2026. 08-Oct-2021
MoU with Finnish Nickel and Cobalt Miner Terafem for Supply of Nickel Sulphate. Quantity and timeline were not disclosed. (t.ly/iRZm)
Toyota Motor Corp.
04-Oct-2021
BHP Group Limited will supply nickel sulfate from Western Australia to the battery-making joint venture between Toyota Motor and Panasonic. Details were not disclosed.
General Motors
12-Apr-2022
Minor Glencore plc will supply safe cobalt from its Murin Murin operation in Australia, which will be used in GM’s Altium battery cathode, which powers the Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyric vehicles. Details were not disclosed.
02-July-2021
GM will make a “multimillion-dollar investment” in and help develop Controlled Thermal Resources (CTR) Ltd.’s Hell’s Kitchen Geothermal Brine Project near the Salton Sea, California. The project could produce 60,000 tonnes of lithium by the middle of 2024 – enough to make about 6 million EVs.
Wade
11-Apr-2022
Ford will purchase lithium from its Lake Resources NL facility in Argentina. The carmaker aims to buy 25,000 tonnes of the white metal annually from Lec’s Kachi project in northern Argentina.
22-Sep-2021
Partners with startup Redwood Materials to create a “closed loop” or circular supply chain for electric vehicle batteries, from raw materials to recycling.
(Reporting by Nilanjana Basu, Yuvraj Malik and Kannaki Deka in Bengaluru; Editing by Shinjini Ganguly and Sriraj Kalluvilla)
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