Lithium – Reuters reported that LG Chem will begin production at its lithium ion battery cell manufacturing plant in the US by July or August amid slow demand for electric vehicles.
Lithium – Reuters reported that the United States Department of Energy (DOE) supports President Obama’s goal of putting a million electric cars in the country’s highways by 2015. The country’s federal policies to achieve this goal will cost $7.5 billion until 2019, including $2.4 billion in grants to lithium-ion battery makers.
Vanadium – The Street reported that the electric car technology is still viable, and that new technologies are being developed that are promising.
Platinum – IBTimes reported on the use of platinum in catalytic converters which reduce noxious emissions form internal combustion engines are a big source of demand for platinum.
Lithium – SFGate reported it takes 50 pounds of lithium to run each electric car.
Lithium – A report from PwC suggests that sovereign wealth funds have the potential to increase exposure to the lithium industry.
Lithium – In a recent webcast, Dr. Arun Majumdar discussed the United States Department of Energy's Clean Cities Program to support public and private partnerships that further lithium battery research, electric vehicle and alternative fuel transportation deployment and infrastructure development.
Manganese – The use of manganese and electrolytic manganese metal in emerging battery technology could provide a much needed new market for manganese. The size of this market is truly immense, from mobile electronics, the automotive industry and even electrical power plants being developed at Stanford.
Rare Earth – Although Greenland has been known as a source of uranium for many years, recent developments for rare earth extraction could not be much timelier.
Lithium – Bloomberg reports that Automakers are testing packs of lithium-ion batteries assembled by Silicon Valley startup Tesla Motors Inc. costing less than bigger, car-only batteries favored by General Motors Co., Nissan Motor Co. and Mitsubishi Motors Corp.
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