Benchmark Mineral Intelligence returned to the US Senate on 5 February 2019 for a second hearing on the supply chain for electric vehicle batteries and energy storage. Simon Moores, Benchmark Minerals’ Managing Director, had been summoned by the US Senate Committee on Energy and Natural Resources and provided testimony on the supply chains of key … Continue reading Benchmark Minerals’ Simon Moores warns Senate US a ‘bystander’ in battery arms race
The rise of electric vehicles (EVs) has caused upheaval in the lithium ion battery industry. Before Elon Musk announced Tesla’s intention to build the world’s biggest lithium ion battery plant, The Gigafactory 1, lithium ion batteries were somewhat of a cottage industry geared to supplying a mobile consumer market for smartphones, laptops, and power-tools. As … Continue reading Who is winning the global lithium ion battery arms race?
Tesla’s Gigafactory 1 is coming of age. The ramp up of the battery megafactory in Nevada to a production level of 15GWh and a run rate of 20GWh by end-2018 will make the lithium ion plant the world’s largest. Despite Tesla’s significant progress in adding new global lithium ion battery capacity, the megafactories in China … Continue reading Tesla’s Gigafactory to be world’s biggest battery plant, but China will dominate electric vehicle lithium ion production for next decade
Since its inception in 2014, the rise of Benchmark Mineral Intelligence as the lithium industry’s reference price has been the ideal case study for how the commodities publishing industry is changing. Scandals such as libor and credit ratings fixes have brought scrutiny (and with it a police raid) on commodity price publishers. This has resulted … Continue reading Plight of the PRA and how Benchmark became the lithium industry’s reference price