Page 2 - Lithium Ion

Himadri Speciality to invest Rs 4,800 cr to make Li-ion battery components

Himadri Speciality Chemical also announced that it has completed the acquisition of a 100 per cent stake in Himadri Clean Energy Ltd

20 blocks of critical minerals, including J&K reserves, put up for auction

Out of the 20 blocks available, four have been specifically earmarked for mining leases, leaving the remaining 16 blocks intended for composite licenses

Cabinet approves royalty rates for mining of Lithium, 2 other minerals

The Centre on Wednesday said it has approved royalty rates of 3 per cent each for lithium and niobium and 1 per cent for Rare Earth Elements (REEs). The decision on the royalty rates for the three critical and strategic minerals was taken by the Union Cabinet chaired by Prime Minister Narendra Modi, according to an official statement. The royalty rate approval by the Cabinet will enable the Centre to auction lithium, niobium and REEs blocks for the first time in the country, it said. "The Union Cabinet... approved amendment of Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) for specifying rate of royalty in respect of 3 critical and strategic minerals, namely, lithium, niobium and Rare Earth Elements," the Ministry of Mines said in a statement.

Top headlines: Sitharaman says no licence raj, sees buoyancy in economy

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EV cell maker Log9 flags production hit on delayed visas to Chinese experts

"If the Chinese engineers don't arrive on time, then our cell line production will get impacted," Log9's co-founder and director, Pankaj Sharma, told Reuters

Lithium auction roadmap to be released by end of August: Mines secretary

Recent parliamentary approval of Mines and Minerals (Development and Regulation) Amendment Bill, 2023, has invigorated efforts to expedite the comprehensive auction roadmap

Exide Industries to start lithium-ion cell project's phase-1 by FY25-end

The growing interest in electric vehicles is fuelling global demand for automotive lithium-ion batteries, it's worth noting

As e-bikes proliferate, so do deadly fires blamed on exploding batteries

The explosion early on a June morning ignited a blaze that engulfed a New York City shop filled with motorized bicycles and their volatile lithium-ion batteries. Billowing smoke quickly killed four people asleep in apartments above the burning store. As the ubiquity of e-bikes has grown, so has the frequency of fires and deaths blamed on the batteries that power them, prompting a campaign to establish regulations on how the batteries are manufactured, sold, reconditioned, charged and stored. Consumer advocates and fire departments, particularly in New York City, are urging the U.S. Consumer Product Safety Commission to establish mandatory safety standards and confiscate noncompliant imports when they arrive at the border or shipping ports, so that unsafe e-bikes and poorly manufactured batteries don't reach streets and endanger homes. During a forum focused on e-bikes and lithium-ion batteries held Thursday in Bethesda, Maryland, the commission's chair, Alexander D. Hoehn-Saric, sai

Chinese mining company opens $300 mn lithium processing plant in Zimbabwe

A Chinese mining company formally opened a USD 300 million lithium processing plant Wednesday in Zimbabwe, which has one of the world's largest reserves of the metal as demand surges globally because of its use in electric car batteries. Zimbabwe has the largest lithium reserves in Africa and has in recent years drawn investors in battery minerals from Canada, the United Kingdom and Australia, although China is the dominant player. The plant opened by Prospect Lithium Zimbabwe, an arm of Chinese company Zhejiang Huayou Cobalt, has a capacity to process 4.5 million metric tons of hard rock lithium into concentrate for export per year, Zimbabwe President Emmerson Mnangagwa said. Mnangagwa was present for the official opening of the sprawling plant in Goromonzi, about 80 kilometres (50 miles) southeast of Zimbabwe's capital, Harare. Lithium is the mineral of the present and the future ... and value addition will position our country as an emerging and competitive player in the global

PM Modi's US visit: India's entry into critical mineral alliance on table

US-led coalition aims to secure stable supply for minerals like lithium

As lithium prices head north, salt might soon end up powering EV's

"Sodium-ion batteries are an alternative technology that can release some pressure on lithium's complex and growing supply chain"

Govt permits import of pet coke as raw material for lithium-ion batteries

The government on Friday permitted the import of pet coke for making graphite anode material for lithium-ion batteries as a feedstock and not for any other purposes. Import of pet coke for fuel purposes is completely banned. "Import of needle pet coke (NPC) is 'free' for making graphite anode material for Li-ion battery as feedstock/raw material and not for any other purposes, including use as fuel or for trade," the directorate general of foreign trade said in a notification. Lithium-ion batteries are used in electric vehicles. The DGFT, however, said that the sulphur content in the NPC should be less than 0.8 per cent, which would be monitored by state pollution control boards. It also said that the import of low-sulphur pet coke is restricted, and its imports are subject to authorisation from the directorate for use in integrated steel plants only for blending with the coking coal in recovery-type coke ovens equipped with desulphurisation plants. This is also subject to terms

Mitsubishi, Tesla, Ola Electric to bid for India's lithium reserves

Automakers appear to be at the forefront of bidders for the recently uncovered lithium reserves in the Jammu and Kashmir region

Amara Raja launches gigafactory in Telangana to produce lithium ion battery

This new facility in Telangana by Amara Raja plans to create employment opportunities for nearly 4,500 people and a similar number of indirect jobs

Exide profit at Rs 180.12 cr in Q4 FY23, number below analyst expectation

Increase in raw material prices hurt profitability on a sequential basis, says battery maker

Lithium reserves found in Jammu and Kashmir put on bidding block

Auction of reserves discovered in Reasi district will be started by December, says mines secretary

Lohum collaborates with ACKO to recycle, reuse lithium batteries for EVs

Lithium-ion battery recycler Lohum on Tuesday said it has joined hands with ACKO to recycle and reuse batteries. The partnership, which is expected to accelerate the adoption of electric vehicles in the country, will help optimise the battery insurance and financing costs for the customers, Lohum said in a statement. The collaboration will benefit EV battery original Equipment Makers (OEMs) that have their products underwritten by the first-tech insurer, the company said. This will, in turn, provide easy access to domestic EV customers, battery OEMs, dealerships, and all ecosystem stakeholders to advanced aftermarket services, Lohum said. "This partnership aligns with our vision of lowering the carbon emissions of EV batteries and building customer-centric solutions across the battery materials supply chain, said Rajat Verma, Founder and CEO of Lohum. Under the partnership, the first-tech insurer will continue to provide performance warranty insurance for EV batteries to multiple

NMDC in talks with Australia's Hancock for lithium mining: Report

Separately, NMDC is working on plans to export low-grade iron ore to China, the report said

A breakthrough in EV battery tech

Sodium-ion battery offers a potential low-cost alternative to lithium-ion battery for India and presents an opportunity to achieve energy independence

To reduce carbon footprint, Apple commits to 100% recycled cobalt by 2030

Tech companies around the world are facing criticism for their alleged complicity in the tragic deaths of children who are forced to work in cobalt mines located in Democratic Republic of Congo