Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Filter by Categories
Data update
Development News
Equity markets
Exploration News
Features
Finance/M&A
Materials Round-Up
News & Views
Sponsored
The Drill Bit
Trade & Demand
Uncategorised

News

BMW and SK Innovation lock in Raw Materials supplies

Posted on - 02 Jan 2020

Category - News & Views

SK Innovation has signed a 6-year offtake agreement with Glencore amounting to 30Kt of material between 2020-25. SKI has said that this will be enough cobalt to produce up to three million EVs. The company plans to “do our best to ensure that the cobalt is produced in a responsible manner”. This will involve both parties receiving independent third party audits every year throughout the contract period. BMW has agreed a five-year offtake agreement with Ganfeng Lithium which the automaker suggests should cover 100% of its lithium hydroxide requirements for its fifth generation EV batteries. This is in line with...

Login to read full article


Topics

BMW Cobalt Ganfeng Lithium Glencore Lithium SK Innovation