CRU: #China Plans to Come from Behind to Win the Global #Battery #Recycling Industry

CRU: China Plans to Come from Behind to Win the Global Battery Recycling Industry, Thanks to New Policies

LONDON, Dec. 2, 2019
/PRNewswire/ — Lithium-ion battery (LIB) recycling is hardly new in
the developed world, with notable industry players and well-established
regulations in place to process the countless 3-cell batteries reaching
the scrap-heap each day from portable electronics.

However,
the lack of explicit regulations (EU excluded) and integral recycling
networks for the nascent secondary market of electric vehicle (xEV)
batteries means that the playing field has once again been levelled; and
China is positioning itself to capitalize on the opportunity.

Are proper regulations in place in China?

China is the world’s largest
consumer of xEVs, representing 30% of global sales in 2018, and this
share is expected to double by 2030.

Read the rest of the article here: CRU: China Plans to Come from Behind to Win the Global Battery Recycling Industry…MetalsNews Feed: Mining Stocks, Gold, Silver, Base Metals, Energy & Commodities News http://bit.ly/34HxZmY

from @MasterMetals http://bit.ly/2RdbbaT on December 03, 2019 at 03:21AM

How Much #Copper is an #EV? #Infographic

HowInfographic: How Much Copper is an Electric Vehicle?

on November 13, 2018 at 12:02 pm

Why Copper?

Today’s visualization comes to us from Canadian Platinum Corp., and it focuses on showing how much copper is in an electric vehicle, along with the properties that make it the ideal choice for an EV-powered future.

Copper in Gas vs. Electric Vehicles

The UBS Evidence Lab tore apart a traditional gas-powered vehicle as well as an EV to compare the different quantities of raw materials used.

What they found was crucial: there is 80% more copper in a Chevrolet Bolt, in comparison to a similar-sized Volkswagen Golf.

The major reason for this is that at the heart of every EV is an electric motor, which is built with copper, steel, and permanent magnets (rare earths).

The More Electric, the More Copper

According to Copper.org, along the scale from gas-powered cars to fully electrical vehicles, copper use increases dramatically.

Conventional gas-powered cars contain 18 to 49 lbs. of copper while a battery-powered EV contains 183 lbs. Meanwhile, for a fully electrical bus, a whopping 814 lbs. of copper is needed.

With the rapidly increasing adoption of electric vehicles, copper will be an essential material for the coming electrification of all forms of ground transport.

Copper is at the heart of the electric vehicle and the world will need more. By 2027, copper demand stemming from EVs is expected to increase by 1.7 million tonnes, which is a number just shy of China’s entire copper production in 2017.

 

#Cobalt27 Acquires US$300MM #Cobalt Stream on #Vale’s #VoiseysBay $KBLT

Cobalt 27 and $WPM will provide Vale an aggregate of US$690 million in upfront proceeds for a combined purchase of finished cobalt equal to 75% of Voisey’s Bay cobalt production commencing January 1, 2021.

Cobalt 27 ($KBLT) Acquires US$300MM Cobalt Stream on Vale’s Voisey’s Bay Mine Expansion and Announces C$300MM Bought Deal Offering of Common Shares To Fund Stream Acquisition

• Vale will deliver to Cobalt 27, an amount of finished cobalt equal
  to 32.6% of the cobalt production from Voisey’s Bay commencing January
  1, 2021.

• Once an aggregate of approximately 10.8kt (23.8mmlb) of cobalt has
  been delivered to Cobalt 27, which would occur once Voisey’s Bay cobalt
  production after January 1, 2021 reaches approximately 33.1kt
  (73.0mmlb), the proportion of cobalt production delivered to Cobalt 27
  will reduce to 16.3%. 

• Cobalt 27 will pay Vale cash consideration of US$300 million upon closing.

• Cobalt 27 will make ongoing payments (the “Ongoing Payments”) equal
  to 18% of the Cobalt Reference Price for each pound of cobalt delivered
  under the Cobalt Stream, until Cobalt 27 has recovered the full value
  of the Advance Amount through Vale’s deliveries of finished cobalt under
  the Cobalt Stream. After this time, the Ongoing Payments will increase
  to 22% of the Cobalt Reference Price.

See the whole press release here: Cobalt27 Capital Corp. – News Releases

from MasterMetals http://bit.ly/2y379tM on June 12, 2018 at 01:43AM