Factbox: Automakers accelerate drive to secure battery raw materials

Ioneer

26/08/2022 15:56

(Updates with latest developments, adds Mercedes-Benz, Toyota,
BMW)
    Aug 26 (Reuters) - Rising demand for electric vehicles (EV)
around the world is encouraging automakers such as Tesla Inc
 TSLA.O , Volkswagen  VOWG_p.DE  and Stellantis NV  STLA.MI  to
step up efforts 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 :
    
26-Aug-2022 - Panasonic Holdings Corp  6752.T , a supplier to
Tesla, is in talks to build an additional EV battery plant in
the United States at a cost of about $4 billion.  urn:newsml:reuters.com:*:nFWN3012LK
01-Mar-2022 - Australia's 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.  urn:newsml:reuters.com:*:nL4N2V458O 
01-Nov-2021 - China's Ganfeng Lithium  002460.SZ  will supply
undisclosed volumes of battery-grade lithium for three years
starting 2022  urn:newsml:reuters.com:*:nP8N2RO07G 
22-July-2021 - Australia's BHP Group  BHP.AX  will supply nickel
from its plants in Western Australia. Quantities, timing not
disclosed.  urn:newsml:reuters.com:*:nL4N2OX3T4
    
VOLKSWAGEN  VOWG_p.DE :

23-Aug-2022 - Volkswagen intensified efforts to secure access to
key battery materials lithium, nickel and cobalt by striking a
cooperation agreement with top supplier Canada. No financial
details were disclosed.  urn:newsml:reuters.com:*:nL8N2ZZ3N3
    
08-Dec-2021 - Vulcan Energy Resources  VUL.AX  will provide
lithium hydroxide for five years starting 2026. Vulcan extracts
lithium from geothermal sources in Germany's Upper Rhine Valley
region.  urn:newsml:reuters.com:*:nL8N2SS5R9 
08-Dec-2021 - Belgium's Umicore  UMI.BR  will supply cathode
materials for Volkswagen's European battery cell factories under
a joint venture. It will start production in 2025 with 20
gigawatt hours for the carmaker's plant in Salzgitter, Germany. 
 urn:newsml:reuters.com:*:nL1N2ST0B5
                                           
STELLANTIS  STLA.MI :

24-June-2022 - Stellantis will invest 50 million euros ($50.3
million) to buy an 8% stake in German-Australian start-up miner
Vulcan  VUL.AX , becoming its second largest shareholder and
extending a lithium supply agreement to 10 years.  urn:newsml:reuters.com:*:nL4N2YB10A
    
2-June-2022 - Controlled Thermal Resources will supply up to
25,000 metric tons per year of lithium hydroxide over 10 years
from a project in California.  urn:newsml:reuters.com:*:nL4N2XP2BR 
29-Nov-2021 - Preliminary deal with Vulcan  VUL.AX  for lithium
produced using geothermal energy from Germany. Over five years
starting in 2026, Vulcan will supply 81,000-99,000 tonnes of
battery-grade lithium hydroxide.  urn:newsml:reuters.com:*:nL1N2SK0G6

RENAULT  RENA.PA :

1-June-2022 - Moroccan miner Managem  MNG.CS  will supply 5,000
tonnes of low carbon cobalt sulphate under a seven-year deal
starting from 2025.  urn:newsml:reuters.com:*:nL1N2XO1SK
21-Nov-2021 - Vulcan  VUL.AX  will supply 26,000-32,000 metric
tonnes of battery-grade lithium chemicals for initial six years
starting 2026.  urn:newsml:reuters.com:*:nL1N2SD03D 

08-Oct-2021 - MoU with Finnish nickel and cobalt miner Terrafame
to supply nickel sulphate. Quantities and timeline not
disclosed.

MERCEDES BENZ  MBGn.DE :

23-Aug-2022 - Mercedes-Benz strikes cooperation agreement with
Canada to secure access to lithium, nickel and cobalt. It will
explore a strategic partnership with Rock Tech Lithium  RCK.V 
which would supply the carmaker and its battery partners with up
to 10,000 tonnes of lithium hydroxide a year from 2026.
 urn:newsml:reuters.com:*:nL8N2ZZ4CI


BMW  BMWG.DE : 

5-Aug-2022 - BMW signs a non-binding memorandum of understanding
with European Lithium Ltd  EUR.AX  for the supply of lithium
hydroxide.  urn:newsml:reuters.com:*:nFWN2ZGA76

7-June-2022 - U.S. startup Lilac Solutions, backed by BMW, was
competing for mining partnerships in Bolivia to tap into the
world's largest resources of lithium.  urn:newsml:reuters.com:*:nL1N2XU2MQ


TOYOTA  7203.T :

1-Aug-2022 - A joint venture of Toyota and Panasonic  6752.T 
will buy lithium from ioneer Ltd's  INR.AX  Rhyolite Ridge
mining project in Nevada to build EV batteries in the United
States.  urn:newsml:reuters.com:*:nL1N2ZB08M
04-Oct-2021 - BHP Group  BHP.AX  will supply nickel sulphate
from Western Australia to Toyota and Panasonic's joint venture.
Details were not disclosed.  urn:newsml:reuters.com:*:nL1N2R005X


GENERAL MOTORS  GM.N 

3-Aug-2022 - GM makes prepayment of $198 million to Livent Corp
 LTHM.N  for a guaranteed six-year supply of lithium from 2025
at a contractual price per tonne. Volume not disclosed.
 urn:newsml:reuters.com:*:nL1N2ZE2LA

02-July-2021 - GM will make a "multimillion-dollar investment"
in and help develop Controlled Thermal Resources 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 

12-April-2022 - Miner Glencore  GLEN.L  will supply cobalt,
secured from its Murrin Murrin operation in Australia, to be
used in GM's Ultium battery cathodes. Details were not
disclosed.  urn:newsml:reuters.com:*:nL3N2WA1ZD

FORD  F.N 

22-July-2022 - Ioneer Ltd signs binding offtake agreement with
Ford to supply lithium from Rhyolite Ridge in Nevada.
 urn:newsml:reuters.com:*:nFWN2Z25H6
 
14-July-2022 - Ford Motor, SK On and SK Battery America create
joint venture to build and operate an EV battery plant in
Tennessee and two plants in Kentucky.  urn:newsml:reuters.com:*:nFWN2YV0GI

29-June-2022 - Australia's Liontown Resources  LTR.AX  will
supply up to 150,000 dry metric tonnes per year of spodumene
concentrate, a source of lithium, from its Kathleen Valley
project in Western Australia for five years starting 2024.
 urn:newsml:reuters.com:*:nL4N2YF3KG

11-Apr-2022 - Ford signs preliminary deal to purchase 25,000
tonnes of lithium annually from Lake Resources'  LKE.AX  Kachi
project in northern Argentina.  urn:newsml:reuters.com:*:nL2N2W91IS

22-Sept-2021 - Ford 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

($1 = 0.9939 euros)

 (Reporting by Bartosz Dabrowski, Ina Kreutz, Agnieszka Gosciak,
Tristan Chabba, Dagmarah Mackos, Zuzanna Lebek, Alicja Zawadzka
in Gdansk and Nilanjana Basu, Yuvraj Malik and Kannaki Deka in
Bengaluru; editing by Milla Nissi and Susan Fenton)
 ((Bartosz.dabrowski@thomsonreuters.com;
Nilanjana.Basu@thomsonreuters.com;))