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 we firmly settle into the 21st Century, the lithium ion battery industry has become one of the most critical globally as its role in the energy storage revolution becomes more and more apparent.… Read more
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 for lithium ion supply chain and in its 4th year – explored these themes in Hong Kong, Seoul, Tokyo, Perth, Melbourne and Sydney over the last two weeks. Download presentations from the Benchmark World Tour below.… Read more
Benchmark Mineral Intelligence received an honorable mention in Mining Journal’s annual ranking of the most influential people in the mining industry for 2017.
China’s premier, Xi Jinping, claimed to top spot with US president Donald Trump, second. Meanwhile Elon Musk, founder and CEO of Tesla, made his first appearance in the top 10 placing 7th.
And it was under Elon Musk’s entry that Benchmark’s Managing Director, Simon Moores, was mentioned.
“Almost as important as Musk in this space are market commentators, Simon Moores of Benchmark Mineral Intelligence, Gerard Reid of Alexa Capital… expertly bridging the knowledge gap between miners and the EV supply chain,” the publication said.… Read more
Since Benchmark Mineral Intelligence coined the term Battery Megafactory in 2014 the landscape of the lithium ion battery industry has changed significantly.
Early on, Benchmark noticed a step change in the way battery supply and demand was developing and the corresponding growth in the size of planned cell production plants on a multi-gigawatt scale. These larger facilities, with a capacity of producing 1GWh or more of cells per year (megafactories) were to become the new standard for the industry.
At the time, there were only three planned plants, Tesla’s Gigafactory in the US, LG Chem’s plant in Nanjing, China and Foxconn’s plant in Anhui, China which didn’t make it off the drawing board.… Read more
Tesla’s latest financial results not only painted a rosy picture for the clean energy crusader in 2016 but also hinted at significant future infrastructure expansions putting further strain on already stretched raw material markets.
In January production of Tesla’s new 2170 cell – which will be used in energy storage as well as the Model 3 – started at the Gigafactory 1, and despite the building not being completed Tesla is already looking to secure locations of future plants by the end of 2017.… Read more
Speakers announced: Graphite Supply Chain 2016, 13-15 November, Newport Beach, CA, US. Click here: Early Bird Delegate Rate Ends Soon.
Tesla opened its Gigafactory a few weeks ago to the surprising, if casual, announcement by Elon Musk that the Gigafactory will be three times the original 50GWh planned capacity.
The company explained that the lithium ion battery plant, through its dense layout which was designed through Computer Aided Design, has allowed it to significantly boost capacity to 150GWh. To make matters more challenging for its supply chain, Tesla expects to have 50GWh worth of operating capacity by 2018 – 35GWh of which is anticipated to be from cells made in the Nevada-based facility.… Read more
… Yet Tesla executives fail to allay lithium shortage fears //
Tesla CEO Elon Musk and CTO JB Straubel have attempted to play down the role of lithium in a lithium ion battery, but could have inadvertently given themselves further supply headaches.
In response to a question of whether there is enough lithium supply, Musk diverted it onto two other key battery raw materials of nickel and graphite in an attempt to allay fears that there will not be enough lithium for an operational Gigafactory, which is set to become world’s largest lithium ion battery plant.… Read more
One third of the lithium-ion battery packs produced at Tesla Motors’ Gigafactory in Nevada will be destined for the utility market.
Tesla’s utility storage division, Tesla Energy, has recently started shipping Powerwall, a battery pack for the home, and Powerpack, a commercial storage solution, to customers in US, Germany and Australia.
While no information has been released about the storage capacity size of the commercial-scale Powerpack orders, Benchmark Mineral Intelligence estimates them to be megawatt hour solutions.
Meanwhile, orders for the 7-10kWh Powerwall have already been installed in homes around the world including the US, UK and Australia.… Read more
Tesla Motors’ CEO Elon Musk has admitted the company is pursuing lithium deals in Nevada.
Tesla is looking to add to the conditional deal it struck with Bacanora Minerals / Rare Earth Minerals and Musk was forced to admit last night on Twitter that Nevada projects are being considered.
Last week’s lithium supply deal with Bacanora from its Sonora clay project in Mexico was the first Gigafactory raw material agreement to be announced, a situation that has gripped the junior mining sector since February 2014
The development surprised many sectors of the mining and investment industries, however.… Read more
One of the world’s leading battery manufacturers, Panasonic Corp, is predicting significant growth in emerging markets for lithium-ion batteries.
The company, which is the sole partner for Tesla Motors’ Gigafactory in the US, is expecting growth of 74.9% CAGR in utility (stationary storage) – batteries that can power your home or office block – and 16.9% CAGR in automotive applications, primarily driven by full EVs.
The chart below shows Panasonic’s expectations between 2014 and 2025 in both emerging markets. This chart was taken from issue 2 of Benchmark Magazine, free to download here.… Read more