Rare Earth – Japanese auto maker Honda has established the world's first process to reuse rare earth metals extracted from nickel-metal hydride batteries. Using the newly defined process, it is able to extract over 80 percent of rare earth metals contained in used batteries at more than 99-percent purity.
Rare Earth – Rare Earth Investing News spoke to Ford's Chuck Gray about the company's new strategy to cut costs and reduce its use of rare earth elements, as it replaces nickel-metal-hydride batteries with lithium-ion alternatives. One silver lining for miners is the need for more lithium in auto manufacturing.
Lithium – Just one week after a controversy regarding international espionage in the electric vehicle (EV) development arena, the announcement of a commercial partnership to make lithium-ion batteries for electric vehicles has been very strongly received by the marketplace.
Lithium – Ford Motor Company and Portland General Electric announced a collaboration to help prepare the city of Portland share information on charging needs and requirements to ensure the electrical grid can support the necessary demand for electric vehicles. The recent collaborative follows a press release from the US Department of Energy for a $2.4 billion investment to further accelerate the manufacturing and deployment of electric vehicles, batteries, and components in the US.
Lithium – Last Thursday, a binding letter agreement was executed to combine Salares Lithium Inc and Talison Minerals to strategically merge their respective lithium assets and create the world's largest, publicly traded lithium production and exploration company.
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