It is the Benchmark AGM Week, which means all roads lead to Oxford. I wanted to share a glimpse into the people joining a world class business, Benchmark Mineral Intelligence.
Cobalt prices have fallen by a third since April as the Chinese market struggles to recover from China’s Covid-19 lockdowns, ending a two-year price rally for the metal.
Prices for cobalt metal are down by 28.6% since April when cobalt reached $39.85 a pound, the highest level since June 2018, … Read more
Automakers are facing growing scrutiny over their use of Indonesian nickel as Tesla received an open letter from environmental groups outlining their concerns with nickel production in the country.
Electric vehicle manufacturers are increasingly looking to Indonesia to meet their growing nickel requirements, with Ford and Volkswagen announcing nickel supply … Read more
Benchmark Mineral Intelligence has launched its first report that ranks global lithium producers based on Environmental, Social and Governance (ESG) criteria within the lithium supply chain.
The report aims to set new standards in the lithium industry through an ESG lens and provide clarity to the complicated ESG landscape. To … Read more
The proposed US Inflation Reduction Act promises $369 billion for climate and clean energy policies, but also sets an ambitious target to extract and process key battery minerals locally.
The Senator Joe Manchin led change to the Build Back Better Act zeroes in on the lithium ion battery to … Read more
Africa could overtake China as the world’s largest producer of natural graphite for lithium ion batteries as soon as 2026, according to Benchmark, in a sign of the continent’s growing importance to the electric vehicle supply chain.
Benchmark forecasts Africa to increase its share of global graphite production from 15% … Read more
Following the continued evolution of the lithium ion battery supply chain, and as part of its rolling methodology review process, Benchmark Mineral Intelligence announces the opening of the 2022 annual public consultation period, for comment on Benchmark’s market-leading Price Assessment Methodologies for lithium, nickel, cobalt, and graphite.
This annual consultation … Read more
The battery industry needs to invest $200 billion in gigafactories to meet the growing demand for electric vehicles and energy storage by 2030, according to an analysis by Benchmark.
The demand for lithium ion batteries is expected to increase six-fold by the end of the decade compared to 2021. Given … Read more
General Motors said it had secured enough battery raw materials to produce 1 million electric vehicles in North America by 2025, as it signed supply agreements with LG Chem and lithium producer Livent.
GM’s target would require 50,000 tonnes to 60,000 tonnes of LCE for 1 million EVs, assuming a … Read more
Ford could need almost a fifth of the projected supply of Tier One global battery capacity by 2026, if it is to meet its goal of selling over 2 million electric vehicles, according to a Benchmark analysis.
The legacy automaker said it had secured 60 gigawatt hours of annual battery … Read more