Factbox: Automakers securing battery raw materials

Forward Industries

23/03/2022 13:24

March 23 (Reuters) - A spike in demand for electric vehicles
(EV) in the global markets is encouraging automakers such Tesla
Inc  TSLA.O , Volkswagen  VOWG_p.DE  and Stellantis NV  STLA.MI 
to secure raw materials needed for making batteries.
    Following are some of the deals major automakers have
announced with suppliers and miners:

TESLA  TSLA.O 
 
01-Mar-2022
Core Lithium  CXO.AX  will supply up to 110,000 dry metric
tonnes of Spodumene concentrate, a chief source of lithium, over
four years, starting in the second half of 2023, from an
Australian project.  urn:newsml:reuters.com:*:nL4N2V458O 
    
01-Nov-2021 
China's Ganfeng Lithium Co  002460.SZ  will supply battery-grade
lithium for three years starting 2022. Volumes were not
disclosed. Ganfeng is the third largest lithium supplier in the
world.  urn:newsml:reuters.com:*:nP8N2RO07G 
 
22-July-2021  
Australia's BHP Group  BHP.AX  will supply nickel from BHP's
plants in Western Australia. Quantities, timing not disclosed.
 urn:newsml:reuters.com:*:nL4N2OX3T4

    
VOLKSWAGEN  VOWG_p.DE 

08-Dec-2021 
    
Vulcan Energy Resources  VUL.AX  will provide lithium hydroxide
for five years starting in 2026. Vulcan extracts lithium from
geothermal sources in Germany's Upper Rhine Valley region.
 urn:newsml:reuters.com:*:nL8N2SS5R9 
08-Dec-2021 
Belgian chemical firm Umicore  UMI.BR  will supply cathode
materials for VW European battery cell factories under a joint
venture with the carmaker. It will start production in 2025 with
20 gigawatt hours (GWh) for VW's plant in Salzgitter, Germany. 
 urn:newsml:reuters.com:*:nL1N2ST0B5
                                           
STELLANTIS NV  STLA.MI 
29-Nov-2021
Preliminary deal with Vulcan Energy Resources  VUL.AX  for 
lithium produced using geothermal energy from Germany. Over five
years starting in 2026, Vulcan will supply between 81,000 and
99,000 tonnes of battery-grade lithium hydroxide.  urn:newsml:reuters.com:*:nL1N2SK0G6
 
 
RENAULT SA  RENA.PA 
 
21-Nov-2021
Vulcan Energy Resources  VUL.AX  will supply 26,000 to 32,000
metric tonnes of battery-grade lithium chemicals for initial 
six-year starting 2026.  urn:newsml:reuters.com:*:nL1N2SD03D 
 
08-Oct-2021
MoU with Terrafame, a Finnish nickel and cobalt miner, to supply
nickel sulphate. Quantities and timeline not disclosed.
(t.ly/iRZm)
 

TOYOTA MOTOR CORP  7203.T 
04-Oct-2021
BHP Group Ltd  BHP.AX  will supply nickel sulphate from Western
Australia to a battery-making joint venture between Toyota Motor
 7203.T  and Panasonic  6752.T . Details were not disclosed. 
 urn:newsml:reuters.com:*:nL1N2R005X
    
 
GENERAL MOTORS  GM.N 

02-Jul-2021
GM will make a "multimillion-dollar investment" in and help
develop Controlled Thermal Resources (CTR) Ltd's Hell's Kitchen
geothermal brine project near California's Salton Sea. The
project could be producing 60,000 tonnes of lithium - enough to
make roughly 6 million EVs - by mid-2024.   urn:newsml:reuters.com:*:nL2N2OD3AW 
    
 
FORD  F.N 
    
22-Sept-2021
    
Partners with startup Redwood Materials to form a "closed loop"
or circular supply chain for electric vehicle batteries, from
raw materials to recycling.  urn:newsml:reuters.com:*:nL1N2QN1JV

 (Reporting by Nilanjana Basu, Yuvraj Malik and Kannaki Deka in
Bengaluru; Editing by Shinjini Ganguli)
 ((Nilanjana.Basu@thomsonreuters.com;))