The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Automaker funds will support the production of green lithium in California; CTR plans to ship first batch in 2027. To support what will be an important American supply of green lithium for the batteries that will power its growing line of electric vehicles, Stellantis has agreed to invest $100 million to advance the development of Controlled Thermal Resources' Hell's Kitchen geothermal lithium project in the Salton Sea area of Southern California. "This substantial investment...
Second US battery gigafactory to be built under a JV with Samsung SDI powers Stellantis' electric ambitions in North America. Adding to the skyrocketing demand for lithium battery materials, global automaker Stellantis and battery manufacturer Samsung SDI have agreed to build a second gigafactory in the United States. The newest facility to be constructed under the StarPlus Energy joint venture forged between the two companies last May is slated to have the capacity to...
Global automaker enters into terms with NioCorp for EV magnet rare earths from the future Elk Creek mine in Nebraska. Continuing a flurry of investments into mining projects at the front end of electric vehicle supply chains, Stellantis has entered into a preliminary agreement to buy magnet rare earths from a future mine at NioCorp Developments Ltd.'s Elk Creek critical mineral project in Nebraska. The neodymium, praseodymium, dysprosium, and terbium that Stellantis hopes to...
Global automaker signs deal to buy future cobalt and nickel from early-staged projects at historical mines in southern Norway. To help ensure that it has future supplies of the nickel and cobalt that will be needed for the electric vehicles produced by Alfa Romero, Maserati, Peugeot, and its other European brands, Stellantis has signed an offtake agreement to buy 35% of the future nickel sulfate and cobalt sulfate produced from Kuniko Ltd.'s mineral exploration projects in Nor...
Vulcan publishes feasibility study that checks off next milestone along path to 2025 production. With five offtake agreements with some of Europe's largest carmakers, such as Stellantis, Volkswagen, and Renault Group, as well as Umicore and Korea's LG Electronics, Vulcan Energy Resources Ltd. has announced the results of its definitive feasibility study for phase one of the company's Zero Carbon Lithium project in Germany's Rhine River Valley. Aiming to become the world's...
Global automaker signs deal to buy EV battery metals from future mine. In a deal that shows that global automakers need more battery materials to meet their electric vehicle ambitions than is currently available, Stellantis has signed a binding offtake agreement for nickel and cobalt from a Western Australia mine that has yet to be developed and is investing directly into the junior mining company behind the development project. Under the deal, Stellantis has agreed to...
In a move that demonstrates automakers need all the battery materials that can possibly be produced by the global mining sector, Stellantis has entered into a preliminary agreement to buy battery-grade nickel and cobalt from a future mine developed at GME Resources Ltd.'s NiWest project in Western Australia. NiWest is an advanced stage nickel-cobalt project that lies less than 20 miles away of Glencore's Murrin Murrin operation, the largest nickel-cobalt mine and refinery in...
General Motors, Stellantis, and Tesla moving further up battery supply chain With the batteries powering the electric vehicle revolution demanding more lithium than miners can produce, the price of this lightest metal in the universe rocketed more than 1,000% over the span of two years. This has prompted automakers such as Tesla and General Motors to become more directly involved in the mining and refining of the lithium-ion battery namesake. "Price of lithium has gone to...
To further secure supplies of sustainably produced lithium for the batteries powering the electric vehicles manufactured by Alfa Romeo, Fiat, Maserati, Opel, Peugeot, and its other European brands, Stellantis has expanded and extended its partnership with Vulcan Energy Resources Ltd., which is advancing the Zero Carbon Lithium project in Germany's Rhine River Valley. To produce the zero-carbon lithium promised by the project's name, Vulcan will draw lithium-enriched...
Another major automaker has gotten in line to purchase future supplies of low-carbon lithium that Controlled Thermal Resources Ltd. will be cooking up from geothermal brines at its Hell's Kitchen project in the Salton Sea area of Southern California. On June 2, Stellantis signed a binding offtake agreement with CTR for up to 25,000 metric tons of battery-grade lithium hydroxide per year for the batteries going into Chrysler, Dodge, Jeep, Ram, and other electric vehicles it wil...
Powering up its mission to become the world's leading manufacturer of electric vehicles, Volkswagen Group has established a European public company to consolidate activities along the EV battery supply chain – from processing raw materials, to developing a unified Volkswagen battery, and managing the five European gigafactories the company has in the pipeline. The German automaker's new battery business will be headquartered in Salzgitter, Germany, which is the site of V...
