Factbox-Automakers accelerate drive to secure battery raw materials

  • Reuters
  • Commodities News
Factbox-Automakers accelerate drive to secure battery raw materials

(Reuters) - Rising demand for electric vehicles (EV) around the world is encouraging automakers such as Tesla (NASDAQ: TSLA ) Inc, Volkswagen (ETR: VOWG_p ) and Stellantis NV to step up efforts to secure raw materials needed for making batteries.

Following are some of the deals major automakers have announced with suppliers and miners:


26-Aug-2022 - Panasonic (TYO: 6752 ) Holdings Corp, a supplier to Tesla, is in talks to build an additional EV battery plant in the United States at a cost of about $4 billion.

01-Mar-2022 - Australia's Core Lithium will supply up to 110,000 dry metric tonnes of Spodumene concentrate, a chief source of lithium, over four years starting in the second half of 2023.

01-Nov-2021 - China's Ganfeng Lithium will supply undisclosed volumes of battery-grade lithium for three years starting 2022.

22-July-2021 - Australia's BHP Group (JO: BHPJ ) will supply nickel from its plants in Western Australia. Quantities, timing not disclosed.


26-Sept-2022 – Volkswagen announced a $2.9 billion battery parts joint venture with Belgian materials firm Umicore, becoming the latest European automaker to bring battery supplies closer to home in the shift towards electric vehicles

23-Aug-2022 - Volkswagen intensified efforts to secure access to key battery materials lithium, nickel and cobalt by striking a cooperation agreement with top supplier Canada. No financial details were disclosed.

08-Dec-2021 - Vulcan Energy Resources will provide lithium hydroxide for five years starting 2026. Vulcan extracts lithium from geothermal sources in Germany's Upper Rhine Valley region.

08-Dec-2021 - Belgium's Umicore will supply cathode materials for Volkswagen's European battery cell factories under a joint venture. It will start production in 2025 with 20 gigawatt hours for the carmaker's plant in Salzgitter, Germany.


10-Oct-2022 - Carmaker Stellantis has signed a non-binding preliminary agreement with GME Resources to secure supplies of nickel and cobalt sulphate for electric vehicle batteries.

24-June-2022 - Stellantis will invest 50 million euros ($50.3 million) to buy an 8% stake in German-Australian start-up miner Vulcan, becoming its second largest shareholder and extending a lithium supply agreement to 10 years.

2-June-2022 - Controlled Thermal Resources will supply up to 25,000 metric tons per year of lithium hydroxide over 10 years from a project in California.

29-Nov-2021 - Preliminary deal with Vulcan for lithium produced using geothermal energy from Germany. Over five years starting in 2026, Vulcan will supply 81,000-99,000 tonnes of battery-grade lithium hydroxide.


1-June-2022 - Moroccan miner Managem will supply 5,000 tonnes of low carbon cobalt sulphate under a seven-year deal starting from 2025.

21-Nov-2021 - Vulcan will supply 26,000-32,000 metric tonnes of battery-grade lithium chemicals for initial six years starting 2026.

08-Oct-2021 - MoU with Finnish nickel and cobalt miner Terrafame to supply nickel sulphate. Quantities and timeline not disclosed.


23-Aug-2022 - Mercedes-Benz strikes cooperation agreement with Canada to secure access to lithium, nickel and cobalt. It will explore a strategic partnership with Rock Tech Lithium which would supply the carmaker and its battery partners with up to 10,000 tonnes of lithium hydroxide a year from 2026.


5-Aug-2022 - BMW signs a non-binding memorandum of understanding with European Lithium Ltd for the supply of lithium hydroxide.

7-June-2022 - U.S. startup Lilac Solutions, backed by BMW, was competing for mining partnerships in Bolivia to tap into the world's largest resources of lithium.


1-Aug-2022 - A joint venture of Toyota and Panasonic will buy lithium from ioneer Ltd's Rhyolite Ridge mining project in Nevada to build EV batteries in the United States.

04-Oct-2021 - BHP Group will supply nickel sulphate from Western Australia to Toyota and Panasonic's joint venture. Details were not disclosed.


3-Aug-2022 - GM makes prepayment of $198 million to Livent Corp for a guaranteed six-year supply of lithium from 2025 at a contractual price per tonne. Volume not disclosed.

02-July-2021 - GM will make a "multimillion-dollar investment" in and help develop Controlled Thermal Resources Ltd's Hell's Kitchen geothermal brine project near California's Salton Sea. The project could be producing 60,000 tonnes of lithium - enough to make roughly 6 million EVs - by mid-2024.

12-April-2022 - Miner Glencore (LON: GLEN ) will supply cobalt, secured from its Murrin Murrin operation in Australia, to be used in GM's Ultium battery cathodes. Details were not disclosed.


22-July-2022 - Ioneer Ltd signs binding offtake agreement with Ford to supply lithium from Rhyolite Ridge in Nevada.

14-July-2022 - Ford Motor (NYSE: F ), SK On and SK Battery America create joint venture to build and operate an EV battery plant in Tennessee and two plants in Kentucky.

29-June-2022 - Australia's Liontown Resources will supply up to 150,000 dry metric tonnes per year of spodumene concentrate, a source of lithium, from its Kathleen Valley project in Western Australia for five years starting 2024.

11-Apr-2022 - Ford signs preliminary deal to purchase 25,000 tonnes of lithium annually from Lake Resources' Kachi project in northern Argentina.

© Reuters. FILE PHOTO: People are seen next to robotic arms for a second battery tray assembly line at the opening of a Mercedes-Benz electric vehicle Battery Factory, marking one of only seven locations producing batteries for their fully electric Mercedes-EQ models, in Woodstock, Alabama, U.S., March 15, 2022. REUTERS/Elijah Nouvelage/File Photo

22-Sept-2021 - Ford partners with startup Redwood Materials to form a "closed loop" or circular supply chain for electric vehicle batteries, from raw materials to recycling.

($1 = 0.9939 euros)

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or