Li-Cycle has been selected as preferred battery recycling partner to LG Chem and LG Energy Solution for their North America operations.

A region of southern California desert has the potential to become the hub of a “world-class lithium industry”.

President Joe Biden’s recent invocation of the Defense Production Act of 1950 could help solve supply chain issues, but only over the longer term. 

EU-supported European Battery Alliance (EBA) will roll out a newly updated action plan to enable 90% of the Union’s demand for batteries to be met with domestically made products by 2030.

Li-Cycle has seen its revenues rise although the cost of expansion to meet expected future demand remains high.

Australia’s Prime Minister Scott Morrison has announced financial support for four technology sector manufacturing projects, including a vanadium processing plant.

Close to 900MW of publicly announced battery storage projects will be online in continental France by the end of next year.

US President Joe Biden announced a “major investment in domestic production of key minerals and materials” this week, including efforts to strengthen supply chains of lithium and other materials used in batteries. 

The US Department of Energy (DOE) has provided dates and a partial breakdown of grants totalling US$2.9 billion to boost the production of batteries for the electric vehicle (EV) and energy storage markets, as promised by President Biden’s Bipartisan Infrastructure Deal.

Fluence has reaffirmed its guidance of US$1.1 billion to US$1.3 billion revenues for the 2022 financial year, with the company’s CEO claiming expectations were exceeded in the first quarter “despite short-term headwinds”.