Negotiations between the US and the EU on the planned agreement on the critical minerals for EVs are taking longer than expected. It would give European carmakers access to tax credits in the US.
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The USA and Japan have signed a trade agreement on minerals for electric vehicle batteries. This will allow Japanese car manufacturers broader access to the US market and subsidies under the Inflation Reduction Act.
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After the US and the EU announced in mid-March that they wanted to negotiate an agreement on critical minerals for electric car batteries, the US government now submitted a concept paper for a transatlantic raw materials partnership to the EU Commission.
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The Australian battery material supplier Magnis Energy has scored a binding purchase agreement with Tesla over anode-active material (AAM) for at least three years with the option to get more. Yet, while binding, the contract has a few conditions.
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Tesla battery partner Panasonic has signed an MoU with Nouveau Monde Graphite (NMG) to establish a supply chain in North America for graphite, an anode-active material used in lithium-ion batteries.
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After the US Department of Energy announced funding of almost three billion US dollars for the development of a national battery supply chain in February, things are now getting concrete: 20 companies have been selected to receive a total of 2.8 billion US dollars for the construction and expansion of factories in twelve states.
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US President Joe Biden is applying the federal Korean War-era Defense Production Act to prioritise domestic production of raw materials needed to make batteries for electric vehicles.
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Australia-based Syrah Resources has signed a binding offtake agreement with Tesla for the supply of graphite as active anode material from its Vidalia production facility in the US state of Louisiana.
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Ultium Cells, the battery cell joint venture between General Motors and LG Energy Solution, has partnered with Li-Cycle to recycle “up to 100 per cent” of material waste from battery cell manufacturing in the future.
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