Category Archives: Batteries

HOW CHINA IS RACING AHEAD IN THE ELECTRIC CAR INDUSTRY – BENCHMARK MAKES CHINA DAILY COVER STORY

This morning in Asia, Benchmark Mineral Intelligence made the cover story of China’s largest read English-language title, China Daily. The feature “Pole Position: From vehicle manufacturing and sales to battery production, China is racing ahead in the electric car industry” was written by industry journalist, Robert Blain, for China Daily, Asia Weekly. It feature quotes from … Continue reading HOW CHINA IS RACING AHEAD IN THE ELECTRIC CAR INDUSTRY – BENCHMARK MAKES CHINA DAILY COVER STORY

BASF targets cathode supply security with Norilsk nickel & cobalt negotiations

Chemicals and cathodes giant BASF announced that it has entered into exclusive negotiations with Russian nickel behemoth Norilsk Nickel for the supply of nickel and cobalt for the next generation of battery cathode materials, to be produced in Europe. In a press release dated 27th June, the world’s leading chemical company highlighted their intention to … Continue reading BASF targets cathode supply security with Norilsk nickel & cobalt negotiations

China’s battery push and Elon Musk’s Tesla – Benchmark quoted in Bloomberg article

Benchmark Mineral Intelligence was recently quoted in an article written by Bloomberg News renewable energy correspondent, Joe Ryan. The article focuses on lithium-ion battery production in China, and in particular how despite Elon Musk and Tesla attracting many of the headlines, their plans modest when compared to China. By 2020 installed lithium-ion cell production capacity … Continue reading China’s battery push and Elon Musk’s Tesla – Benchmark quoted in Bloomberg article

Benchmark Minerals cited in Financial Times’ UK electric vehicle industry article

Benchmark Mineral Intelligence was recently cited in an article written by Financial Times’ Motor Correspondent, Peter Campbell. The article reviews UK’s plan to inject £250m into the country’s lithium ion battery powered electric vehicle (EV) industry and bolster production which is dominated by Nissan’s LEAF manufacturing in Sunderland. It cites Benchmark’s lithium ion battery megafactory … Continue reading Benchmark Minerals cited in Financial Times’ UK electric vehicle industry article

A decade of growing pains: Not just Samsung’s problem 

It has been an explosive start for Samsung’s new cell phone, Galaxy Note 7, with a few of the devices literally combusting into flames.   It became apparent in the many airports we passed through for the Benchmark World Tour 2016 that it was becoming a serious problem for Samsung.  Warnings on the Galaxy Note 7 … Continue reading A decade of growing pains: Not just Samsung’s problem 

Cobalt price gains begin, H2 surge likely

Tightening supply and growing demand has finally sparked the beginning of a recovery in cobalt prices which is likely to escalate throughout H2 2016. Increases of between $0.5-$1.5/lb have been reported across the market, led by price hikes in China at the start of the August as suppliers scaled down their efforts to destock. This … Continue reading Cobalt price gains begin, H2 surge likely

Lithium ion battery exports reach new peak in H1

Japan and South Korea have both recorded record high levels of lithium-ion battery exports in H1 2016, as auto companies ramp up battery consumption to power new all-electric offerings. Lithium ion battery shipments from Japan – the world’s leading producer – topped 33,500 tonnes the first half of 2016, up 17% on H2 2015 and … Continue reading Lithium ion battery exports reach new peak in H1

Tesla faces raw material reality with expanded Gigafactory

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 … Continue reading Tesla faces raw material reality with expanded Gigafactory

Cobalt supply tightens as battery demand looms

Political tensions amidst the wider slump in global commodity markets, look set to continue the onslaught on cobalt production in the Democratic Republic of Congo (DRC) moving into H2 2016. Cobalt production in the DRC, home to over 60% of the world’s mined output, is estimated to have fallen by over 20% in Q1 2016 … Continue reading Cobalt supply tightens as battery demand looms