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With Cost Of Cobalt Rising, EV Prices May Increase…Or They Might Not

InsideEVs, 21 May 2017

Nikkei reports a high increase in lithium-ion battery making materials such as lithium (go figure) and also cobalt over the past few years, which now could apparently affect battery cell pricing, and in turn, the pricing of EVs themselves...

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China-led electric car boom shakes up metals market as cobalt sees 150% surge

CNBC, 19 May 2017

Demand for cobalt has soared in the past year as investors expect inexorable growth in the global electric vehicle industry to generate a supply squeeze this year following several years of surplus production...

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SQM says to expand lithium production as demand grows

Reuters, 18 May 2017

Chile's SQM said it was planning to expand its production of critical rechargeable battery ingredient lithium, as demand continues to rocket on the back of its increased use in electric vehicles and mobile phones...

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Glencore Says Electric Car Boom Is Coming Faster Than Expected

Bloomberg, 16 May 2017

Glencore Plc Chief Executive Officer Ivan Glasenberg said the rise of electric cars will significantly boost demand for minerals including copper and lithium in the coming decades. "The electric vehicle revolution...

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Tesla Battery Director Explains the Gigafactory 1 Supply Chain

Electrek, 8 May 2017

In the rapidly growing battery industry, there’s currently no more ambitious project than Tesla’s Gigafactory 1 in Nevada. Tesla has become the largest buyer of li-ion batteries and now it is trying to become the largest producer of li-ion batteries...

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Global Lithium-Ion Battery Market Could Reach $77.42 Billion by 2024

Product Design & Development, 1 May 2017

Demand for rechargeable batteries could help vault the global lithium-ion battery market’s value to $77.42 billion by 2024, a compound annual growth rate of 11.6 percent over the forecast period, according to a report from market research firm...

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This rare metal is hot, and that could hurt electric cars

CNET, 27 Apr 2017

A 70 percent jump in the price of cobalt could raise problems for companies like Tesla and Apple. Deep in the earth there's a scarce, hard-to-mine metal whose price has already spiked by 70 percent in 2017, according to Quartz. And for companies to keep making billions...

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The hottest thing in the markets right now is an obscure metal mined in DR Congo

Quartz, 27 Apr 2017

The financial markets have an unlikely new hero. In recent months, the best way to make a serious amount of money in a short amount of time has been to buy cobalt. The price per ton of the metal has soared by almost 70% already this year...

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The Electric-Car Boom Is So Real Even Oil Companies Say It’s Coming

Bloomberg, 25 Apr 2017

Electric cars are coming fast -- and that’s not just the opinion of carmakers anymore. Total SA, one of the world’s biggest oil producers, is now saying EVs may constitute almost a third of new-car sales by the end of the next decade. Couse's projection for electric cars is the highest yet...

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Batteries could power up your portfolio

Financial Times, 19 Apr 2017

Batteries are a hot investment trend. Barely a week passes without someone in the opinionsphere proclaiming a great electric revolution or the impending omnipotence of the humble lithium-ion battery. Many people are telling me to have a look at Tesla's shares...

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Electric cars face cost pressures as key metals soar

Nikkei Asian Review, 18 Apr 2017

TOKYO -- Car and battery manufacturers developing electric vehicles are hard-pressed to keep costs down as prices for key metals skyrocket. The international price of cobalt, a material used in rechargeable lithium ion batteries, rose to an eight-year high of around $27.50 per pound in mid-April, a 90% increase...

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Chile leverages its lithium with manufacturing incentives

Financial Times, 16 Apr 2017

Chile is set to capitalise on the global demand for electric vehicles with companies from South Korea, China, Japan and Europe bidding on manufacturing projects tied to the country’s vast reserves of lithium, a key component in batteries powering cars as well as cell phones and smartwatches...

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If you thought lithium was exciting, try the super-hot metal story of 2017

The Globe and Mail, 10 Apr 2017

Lithium was the super-hot metals story of 2016. A spectacular price rally propelled lithium out of the metallic shadows onto the global investment stage. This year it is the turn of cobalt. The price of cobalt traded on the London Metal Exchange (LME) has exploded from $33,000 per ton to $55,000...

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BYD in talks with Chilean lithium producers

Financial Times, 6 Apr 2017

BYD, the Chinese electric car and bus company part-owned by Warren Buffett, is talking to lithium producers in Chile about potential deals to secure supplies of the key battery material. Fred Ni, vice-president of BYD Americas, said the company was considering a range of options...

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The Hidden Risks of Batteries: Child Labor, Modern Slavery, and Weakened Land and Water Rights

Greentech Media, 29 Mar 2017

The meteoric rise of lithium-ion batteries in the transport and IT sectors has been spurred by demand for technologies that reduce carbon emissions and decrease energy use. While this sounds like a win for everyone, there’s a darker side that could alter the perceptions...

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More U.S. States Embracing Batteries to Store Renewable Power

Bloomberg, 28 Mar 2017

Energy-storage systems are spreading across the U.S. as states encourage deployments to help integrate an increasing amount of solar and wind power into electric grids. There are now 21 states with at least 20 megawatts each of storage projects in service...

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The rush for cobalt in Cobalt, Ont: Mining companies snap up land in the north

CBC News, 25 Mar 2017

There's an old school gold rush underway in northern Ontario, but the demand is for a special metal that is used in everything from smart phones to electric cars. More than a dozen mining companies are staking out claims in Cobalt, Ont. as price of the mineral...

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Lithium Suppliers Struggle To Meet Surging Demand

Forbes, 24 Mar 2017

Near the extinct volcano known as Monte Pissis, high in the Andes on the Chile-Argentina border, the air is thin and animal life scarce. It’s also a prime location for lithium, the silvery-white metal used in the production of lithium-ion batteries...

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Expected Growth of Lithium-ion Battery Production puts Cobalt at Center Stage

Breaking Energy, 20 Mar 2017

For many years cobalt has been viewed as an uninteresting byproduct of copper and nickel mining, but these sentiments are rapidly changing with the rise of new energy technology. Lithium-ion batteries have become incredibly important for new technology...

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Lithium is the latest hot metal commodity, but investor fever could be cooling

Financial Post, 17 Mar 2017

Lithium, the lightest metal on earth, has become such a heavyweight in commodities markets that it is increasingly being mentioned in the same sentence as rare earths or vanadium. It's not a compliment. Once red hot, those commodities are just the most recent...

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Mining companies have dug themselves out of a hole

The Economist, 11 Mar 2017

For mining investors there is something sinfully alluring about Glencore, an Anglo-Swiss metals conglomerate. It is the world’s biggest exporter of coal, a singularly unfashionable commodity. It goes where others fear to tread, such as the Democratic Republic of Congo (DRC)...

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Demand for lithium a potential boon for Nevada

Financial Times, 9 Mar 2017

At the start of this year, Tesla, the Silicon Valley electric carmaker launched the mass production of its vehicle batteries at a sprawling $5bn...

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Apple cracks down further on cobalt supplier in Congo as child labor persists

The Washington Post, 3 Mar 2017

Apple said it has temporarily stopped buying cobalt mined by hand in Congo while it continues to deal with problems with child labor and harsh work conditions. A Washington Post investigation last year detailed abuses in Congo’s artisanal cobalt supply chain, showing how...

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Cobalt prices soar as investors see demand for lithium ion batteries

Automotive News, 1 Mar 2017

Investors are running up the prices for cobalt, an important element that automakers and suppliers use in lithium ion batteries as they prepare for an increase in electric vehicle production. The batteries are used in both electric and hybrid vehicles. Investors plan to amass and sit on cobalt...

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Demand for lithium a potential boon for Nevada

Las Vegas Review Journal, 25 Feb 2017

Deep within the bowels of Nevada, a mineral found in the underground brines represents a potential growth industry for the Silver State. Lithium, used in car batteries, ceramics and even anti-depressant medications, is mined in one place in the U.S.: Nevada...

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Electric-car makers on battery alert as hedge funds stockpile cobalt

The Irish Times, 23 Feb 2017

Suppliers to Tesla and other electric-car makers are scrambling to secure shipments of the key battery material cobalt after a group of hedge funds amassed a large stockpile of the scarce metal. In a bold wager on higher prices, half a dozen funds, including Switzerland-based Pala Investments...

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How to invest in the resource boom that Tesla Gigafactory and electric vehicles are creating

Electrek, 21 Feb 2017

For those of us who believe that the entire automotive industry is rapidly transitioning from being powered by fossil fuels to electricity, it becomes important to transfer any asset from one to the other not only from an environmental standpoint, but also from a financial standpoint...

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Latin America weighs up lithium prospects

SciDevNet, 21 Feb 2017

Argentina, Bolivia and Chile are preparing to take advantage of the abundant lithium beneath their salt flats to produce lithium batteries, but experts disagree on how to get more economic benefits out of the resource. Chilean and Argentine technicians have...

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Chile's SQM sees lithium demand growing 8-10 pct this year - paper

Reuters, 19 Feb 2017

Chile's SQM expects demand for lithium to grow between 8 percent and 10 percent this year and is working to improve financial performance by 2020, an executive told local paper El Mercurio on Sunday. SQM, one of the world's biggest producers of lithium...

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It’s cobalt’s time to shine, Macquarie says

The Northern Miner, 10 Feb 2017

Cobalt seems to be making a comeback. Current spot prices of around US$17 per lb. are well above the US$10 per lb. mark of late 2015 and the metal’s steady march higher has been mirrored by....

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Battery demand to drive lithium, cobalt market for years ahead: panel

S&P Global, 7 Feb 2017

Battery demand will continue to drive the lithium and cobalt markets for years to come, supporting prices for the sought-after minor metals, panelists speaking at this year's Indaba mining...

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Why The Electric Car Boom Could Cause Another Oil Price Crash

OilPrice, 2 Feb 2017

A 2014-style oil price meltdown could occur again. Only this time, instead of a sudden surge of supply, the culprit will be the fast adoption of electric vehicles, which will cut into oil demand...

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The Perfect Marriage Of Lithium & Cobalt – LiCo Energy Metals

Palisade Research, 1 Feb 2017

On January 3, 2017, LiCo made the transformational announcement of signing an LOI with Durus Copper Chile SPA of Santiago, Chile, whereby LiCo can earn up to a 60% interest in the Purickuta lithium...

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Energy Storage and Grid Modernization’ Is on Trump’s List of Top 50 Infrastructure Projects

GTM, 30 Jan 2017

Energy projects on Trump's "Priority List" could add 9 gigawatts of clean power. A list emerged this week; it appears to have been prepared for then President-elect Trump, and is titled: “Priority List...

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Africa's cobalt could end up in Tesla’s new Powerwall batteries, but there's a problem

CNBC Africa, 25 Jan 2017

Eurasian Resources Group fears that its plan to become one of the world's largest cobalt producers with its operation in the Democratic Republic of Congo...

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Lithium Market Booming From Rising EV Sales

The Fuse, 20 Jan 2017

Demand for lithium is soaring on the back of rapidly growing sales for electric vehicles (EVs) and a burgeoning energy storage industry. Lithium-ion batteries have long been used in consumer electronics, but EVs use 4,800 times the lithium of a smartphone...

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Lithium Miners In This Key Producing Nation Could See Radical Changes Soon

OilPrice, 19 Jan 2017

The “value added” craze has been sweeping the mining world. With governments from Zimbabwe to Indonesia calling for miners to upgrade copper, nickel, aluminum and platinum in-country — rather than exporting lower-value mineral concentrates...

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Albemarle, LiCo expand lithium mining operations in Chile and Nevada

Energy Storage News, 9 Jan 2017

Lithium mining and extraction companies have made several recent high profile moves to increase their production of the metal, which is used to make the batteries in many stationary energy storage systems and EVs. This includes the acquisition of a lithium mining operation...

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VIDEO: Here's Where the Juice That Powers Batteries Comes From

Bloomberg, 6 Jan 2017

Ashlee Vance explores lithium mining in Chile's Atacama Desert...

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Lithium Prices Set To Jump As Tesla Doubles Global Battery Production

OilPrice, 6 Jan 2017

Tesla fired up the gigafactory in the first week of 2017, which could mark a turning point for the energy storage industry. The gigafactory in Nevada will begin mass production of lithium-ion batteries for the use in both Tesla’s Model 3 electric vehicle as well as its energy storage systems...

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No cobalt, no Tesla?

TechCrunch, 1 Jan 2017

The battery industry currently uses 42 percent of global cobalt production, a critical metal for Lithium-ion cells. The remaining 58 percent is used in diverse industrial and military applications (super alloys, catalysts, magnets, pigments…) that rely exclusively on the material...

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The new OPEC: Who will supply the lithium needed to run the future’s electric cars?

CNBC, 30 Dec 2016

The automotive industry's focus on electrification has accelerated in 2016. Volkswagen Chairman Herbert Deiss told CNBC at the Paris Motor Show in November that "electric mobility will take off by 2020,"...

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2017 PREVIEW: Chinese environmental scrutiny will reignite cobalt metal vs intermediate debate

MetalBulletin, 28 Dec 2016

Chinese cobalt consumers could revisit the option of using cobalt metal as feed in 2017, due to pressure to reduce the environmental burden of the industry, sources in China and those supplying Chinese buyers have said...

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ANALYSIS: DRC Uncertainty Could Fuel Tighter Cobalt Regulations

African Business Magazine, 14 Dec 2016

It has been our investment thesis that demand for cobalt will continue to increase as more electric vehicles and lithium ion batteries are produced. Cobalt is up roughly 40% since the end of February 2016 on the London Metals Exchange, a clear sign...

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Fossil Fuel Divestment Doubles In Size, Reaching $5 Trillion

Clean Technica, 13 Dec 2016

Global fossil fuel divestment continues to grow, with new figures showing that divestment has doubled in size, and now represents $5 trillion in assets under management across 688 institutions in 76 countries. According to a new report from Arabella Advisors...

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Bill Gates, Jeff Bezos, and other investors are launching a $1 billion green energy fund

Business Insider, 12 Dec 2016

Bill Gates, Jeff Bezos, and a consortium of high-profile investors are backing a new $1 billion (£790 million) venture fund that will invest in clean energy technology. It's called Breakthrough Energy Ventures (BEV), and it has a broad focus...

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Chinese-Korean group to build $2 billion lithium batteries plant in Chile

Mining.com, 6 Dec 2016

Chinese and Korean investors are said to be in advanced talks with the Chilean government to open up a $2 billion mega-lithium batteries plant in the country’s north, known for its vast salt flats under which experts say there is enough of the commodity to supply the world for decades...

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Corporate Investments in Energy Storage Reach $660 Million in Q3 2016

Greentech Media, 6 Dec 2016

According to the latest edition of GTM Research and ESA’s U.S. Energy Storage Monitor, corporate investment in energy storage reached an all-time high in terms of quarterly investments in Q3. Disclosed venture funding and project finance totaled $660 million...

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Congo Produces Less Cobalt, Prices Continue to Jump

InvestorIntel, 5 Dec 2016

It has been our investment thesis that demand for cobalt will continue to increase as more electric vehicles and lithium ion batteries are produced. Cobalt is up roughly 40% since the end of February 2016 on the London Metals Exchange, a clear sign...

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Demand for battery metals set to soar: analysts

Platts, Nov 28, 2016

With nearly every forecast predicting higher battery use in the years ahead, especially lithium-ion batteries to power new and existing technologies largely in the automotive and consumer goods markets, demand for its component metals are set to soar...

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Why Clean Energy Can Withstand Changing Political Winds

Forbes, Nov 23, 2016

When President Obama first took office in 2008, it was hard to imagine how solar and wind would ever stand on their own as viable alternative sources of energy. Today, solar and wind are so price-competitive that players in the renewables...

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Goldman Sachs has called lithium the “New Gasoline”

finfeed, 18 Nov 2016

Lithium is a distinctive, low density metal, whose unique properties make it desirable for a multitude of applications; It is used in everything from lubricants and polymers, to ceramics and glass. However, it is lithium’s application in battery technology...

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The Runt of the Litter: Cobalt Completes Lithium-ion Trifecta

finfeed, 18 Nov 2016

A chemical element used as a specialty ingredient in the manufacture of precision parts in aircraft, industrial machinery and other tools, Cobalt even has a radioactive variant that is used in the treatment of cancer, while yet another of its derivatives is used to impart...

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Elon Musk Announces that Tesla will Build a Second Gigafactory in Europe

Inhabitat, 11 Nov 2016

Tesla CEO Elon Musk just announced that the electric vehicle maker and clean energy storage company plans to build a second Gigafactory in Europe. Gigafactory 2 will manufacture both lithium-ion batteries and electric cars...

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Lithium-ion Leads Global Energy Storage Market

Energy Matters, 10 Nov 2016

Navigant Research reports Li-ion battery technology continued to remain the leading energy storage technology for new projects announced globally during the third quarter of this year, with the exception of pumped hydro storage...

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VIDEO: Benchmark Mineral Intelligence: Cobalt Is The Most Critical Element For Batteries

MidasLetter, 8 Nov 2016

Simon Moores is Benchmark Mineral Intelligence's Managing Director. He joins us today to discuss cobalt in the context of the lithium-ion battery supply chain...

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Lithium-ion Batteries can Help to Safeguard the Grid

E&T Magazine, 8 Nov 2016

A quarter century ago, Sony commercialised a technology that within the space of a decade pervaded consumer electronics. Despite its problems with flammability, the ability of the core lithium-ion chemistry to hold larger charges than any other commercially available technology so far is beginning to see it change the way society manages electrical energy...

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The 'Minor Metal' with a Major Impact

Stockhouse, 4 Nov 2016

The Minor Metals Trade Association lists 49 metals it currently considers “minor metals”, presenting them in a helpful version of the periodic table. One metal that we think should be removed from that list is #27, cobalt. It's about to have a major impact on your portfolio...

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Cobalt Supply Chain Under Scrutiny for Congo Links

The Wall Street Journal, 2 Nov 2016

Cobalt isn’t officially a “conflict mineral” of the kind that’s subject to strict reporting requirements under the 2010 Dodd-Frank Act, but a study published Wednesday says companies are treating the metal as if it were. Increased pressure from non-government organizations and trade associations...

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Lithium's Other Half... The One You Don't Hear About

WealthDaily, 14 Oct 2016

Whether you invest or not... whether you follow market trends or not... unless you've been living under a rock for the last five years, you've almost definitely heard about lithium-ion batteries... They power everything from electric cars right on down to the cell phone in your pocket and everything in between...

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The Race For Lithium Heats Up

Mining, 14 Oct 2016

Is lithium the new super-mineral? Analysts seem to think so, including those who wrote Price Waterhouse Coopers latest mining study. The report highlights lithium's rising importance on the Toronto Venture Exchange, noting that five companies in the top 100 mining juniors are primarily lithium plays, compared with just one in 2015...

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Cobalt Prices On The Rise Amidst Ethical Concerns

Kitco, 11 Oct 2016

Cobalt, as we reported previously, is the secret ingredient in lithium ion batteries. Battery-electric vehicles like Tesla’s contain approximately 50kg, or about 10% of the total battery weight, in every car. As we had anticipated, the price of cobalt went up by more than 20% over the past six months...

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Battery Cost Plunge Seen Changing Automakers Most in 100 Years

Bloomberg, 11 Oct 2016

Plunging battery costs will drive the auto industry’s biggest change in more than a century, enabling a boom by 2030 in technologies from self-driving electric cars to ride-sharing applications, The price of lithium-ion battery packs for electric cars has fallen 65 percent since 2010...

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Germany’s Bundesrat votes to ban the internal combustion engine by 2030

arsTechnica, 10 Oct 2016

Is the tide turning for the internal combustion engine? In Germany, things are starting to look that way. This is the country that invented the technology, but late last week, the Bundesrat (the federal council of all 16 German states) voted to ban gasoline- and diesel-powered vehicles by 2030...

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LG Chem Starts Construction of an Electric Vehicle Battery Plant in Poland

Business Korea, 7 Oct 2016

LG Chem, Korea’s leading manufacturer of advanced batteries, announced today that it would start construction of an Electric Vehicle (EV) battery plant in Wrocław, Poland. "We will turn the Poland EV battery plant into a mecca of battery production for electric vehicles around the world,"...

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The Electric Car Revolution Is Making These Investors Very Optimistic

Fortune, 5 Oct 2016

It’s been a good time to be betting on lithium mines. Electric cars such as the Nissan Leaf may look no different from the standard family runaround. But the new materials that go into them could revolutionize the market for metals used in the industry, opening up a new field for commodities investors...

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U.S. plans to stockpile more lithium compounds used in batteries

Reuters, 5 Oct 2016

Oct 5 The U.S. Defense Logistics Agency (DLA) said it has a mandate to buy 600 kg of lithium cobalt oxide (LCO) and 2,160 kg of lithium nickel cobalt aluminium oxide (NCA) in the fiscal year starting Oct. 1. The amounts were detailed by the DLA in its Annual Materials Plan for financial year 2016-2017...

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