Category Archives: Uncategorised

Umicore double down on European battery supply chain, Kokkola purchase confirmed

After many weeks of speculation, official announcements on 23 May from both Umicore and Freeport Cobalt confirm the sale of the Kokkola refinery in Finland to Umicore.

Umicore will purchase the refinery and battery precursor operations from Freeport Cobalt, whilst the cobalt fine powders, ceramics, pigments, chemicals and catalysts activities also on the site will continue to be operated by Freeport.

Purchasing Kokkola, the only large-scale cobalt refinery outside of China, enables Umicore to accelerate their battery supply chain plans in Europe.… Read more

US Senator Murkowski launches American Mineral Security Act at Benchmark Minerals Summit in Washington DC

US Government Senator Lisa Murkowski has introduced bipartisan legislation to secure its mineral resources and supply chains for the country’s 21st century auto and energy industries at the inaugural Benchmark Minerals Summit 2019 in Washington DC.

Senator Murkowski has led the push, in particular in her role as chair of the US Senate Committee of Energy and Natural Resources, to secure the supply of critical minerals such as lithium, graphite, cobalt and nickel and and reduce the US reliance on foreign sources.… Read more

Kidman to be acquired by Australia’s Wesfarmers

Australia’s largest company by revenue, Wesfarmers, has announced plans to acquire lithium developer, Kidman Resources, marking the first major lithium acquisition of 2019.

The deal between the multibillion-dollar conglomerate, which has major interests in chemicals, coal and fertilisers, could have wide repercussions for the global lithium market and the wider Australian resources sector.

Here, Benchmark Minerals outlines the key details of the deal and its potential impact on the lithium market:

  • As the largest Australian company by revenue, Wesfarmers adds a major stamp of approval to Kidman Resources and the lithium growth tailwind.
Read more

New York, Toronto, Chicago, San Francisco, Vancouver await Benchmark World Tour ’19

The Benchmark World Tour 2019 is on its way to North America.

In its fifth year, our free seminar series on the lithium ion battery to electric vehicle and energy storage supply chain has become the world’s leading forum of its kind.

Our North America leg will be our biggest yet and hear from key speakers in the lithium ion battery industry – this specialist downstream focus is a key feature of the Benchmark World Tour 2019.

We will visit the following cities: New York (Monday 6 May), Toronto (Wednesday 8 May), Chicago (Friday 10 May), San Francisco (Monday 13 May), Vancouver (Wednesday 15 May).… Read more

Jose Hofer joins Team Benchmark from SQM as our forecasting division grows

Released: 02 April 2019 |

LONDON, UK | Benchmark Mineral Intelligence (Benchmark Minerals) is delighted to announce that José Hofer has joined from SQM, one of the world’s foremost lithium producers, and has been appointed Senior Analyst – Forecasting.

José was previously Business Intelligence Manager for SQM, based in Santiago, Chile.

At Benchmark Minerals, José will be responsible for our growing portfolio of quarterly forecasting subscriptions that presently include lithium, cobalt and graphite anode and will soon include a wider spread of critical electric vehicle (EV) and battery raw materials including nickel, copper, and manganese.… Read more

Megafactories on auto majors’ minds, Volkswagen need batteries, Tesla Model Y

There have been significant movements in the electric vehicle (EV) space with the launch of Tesla’s Model Y and Volkswagen Group’s (VW) plans to increase its pure EV offering building 70 new models over the next decade.

What you may have missed in the deluge of news was that both Tesla and VW stressed the need for their own lithium ion battery megafactories to fuel this growth.

Volkswagen hint at own megafactory production

As suspected for some time by Benchmark Minerals, VW are now publicly warming to the idea of their own captive lithium ion battery supply.… Read more

Announced: China Graphite + Anodes Field Trip 2019

China’s graphite industry is changing.

Benchmark’s Graphite + Anodes Tield Trip, Inner Mongolia & Shanxi, 3-7 June 2019

Benchmark Mineral Intelligence is pleased to announce that this year’s China Graphite + Anodes Field Trip will be held in Inner Mongolia and Shanxi provinces from 3-7 June 2019.

The trip will examine the full supply chain from flake graphite to spherical graphite and anode production, providing exclusive access to some of the country’s leading producers.

Companies included on the field trip include:

  • BTR
  • Rising New Energy
  • Hensen New Energy
  • Xincheng Graphite
  • Qinxin Graphite
  • Xincheng Special Carbon
  • …and more

The trip will be lead by Benchmark analysts and feature meetings, presentations and networking with some of China’s leading graphite companies and government officials.… Read more

China Becomes Major Lithium Carbonate Exporter, Benchmark Announces China Lithium Field Trip 2019

Here we take a look at recent developments in the lithium ion battery supply chain in China, followed with details of Benchmark’s upcoming field trip.

Benchmark Minerals’ China Lithium Field Trip 2019 field trip could not be timelier as China’s role in the lithium ion battery supply chain becomes increasingly prominent.

For the first time in 2018, China became a major exporter of lithium carbonate, with exports up over six-times to 11,131 tonnes. Over the same period imports were down 20%, showing China’s increasing self-sufficiency in the lithium carbonate market.… Read more

Benchmark cited by members of US International Trade Commission: graphite, cobalt & EVs

Benchmark Mineral Intelligence has been cited by members of the United States International Trade Commission in the Journal of International Commerce and Economics.

The research paper “The Supply Chain for Electric Vehicle Batteries” in the Journal of International Commerce and Economics, December 2018, explores the electric vehicle (EV) battery supply chain.

The timely paper is summarised as:

“Electric vehicles are a growing part of the passenger vehicle industry due to
improved technology, customer interest in reducing carbon footprints, and policy
incentives.… Read more

US Senate Energy Storage

US Senate summons Benchmark for hearing: energy storage supply chains, impact on lithium, cobalt, graphite, nickel

Benchmark Mineral Intelligence will return to the US Senate in early February for a second hearing in 14 months on the supply chain for EV lithium ion batteries and the energy storage revolution.

Benchmark Minerals’ Managing Director, Simon Moores, has been summoned by the US Senate Committee on Energy and Natural Resources to testify on the lithium, cobalt, nickel and graphite supply chains for energy storage.

“The hearing will be held on Tuesday, February 5, 2019, at 10:00 a.m. EST in Washington, DC.… Read more