Category Archives: Cobalt

EV battery arms race enters new gear with 115 megafactories, Europe sees most rapid growth

  • Benchmark launches Battery Megafactories Europe 2020 Conference, 17-18 June 2020, Berlin, Germany
  • Europe’s planned lithium ion cell battery capacity surges in 2019 to 348GWh
  • China continues to dominate adding 564GWh by 2028
  • Total lithium ion battery capacity in pipeline equals 39m EVs by 2029

The world has entered a new … Read more

Glencore’s revamped GEM deal could leave electric vehicle makers short of sustainable cobalt

Today, Glencore announced a revamped deal with the world’s largest precursor producer, GEM Co Ltd, for cobalt hydroxide that equates to 61,200 tonnes of contained cobalt for a five year period between 2020 and 2024.

Benchmark Mineral Intelligence estimates that the deal is for 25% of Glencore’s forecasted cobalt hydroxide … Read more

Benchmark hails overwhelming reaction to Senate hearing on energy, EV supply chains

Benchmark Mineral Intelligence has welcomed the overwhelming reaction to the US Senate hearing on Tuesday 5 February in Washington, DC, which focused on electric vehicle and energy storage supply chains.

Led by Chairman Lisa Murkowski (Alaska), the hearing was the first of the US Senate Committee on Energy and Natural … Read more

EV Parking Bay

Has Glencore given electric vehicles the extra push to engineer cobalt out of a battery?

Is cobalt becoming its own worst enemy? Simon Moores, Managing Director, Benchmark Mineral Intelligence explores Glencore’s latest move to pull hydroxide supply from the market in the midst of contract negotiating season and what it means for cobalt’s strained relationship with cathode, battery and electric vehicle (EV) producers.

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On … Read more

DOWNLOAD: Lithium, cobalt prices enter new period of volatility as era of EV begins; vanadium awaits lithium ion moment

Lithium and cobalt prices are experiencing a new period of volatility as prices crest from post-2010 highs. Both speciality minerals that are key components in an electric vehicle’s lithium ion battery began to see a downward turn in 2018.

The Benchmark World Tour 2018 – the world’s leading investor forum … Read more