U.S. hedge fund sues LME over London nickel scandal ! Elliott Management is demanding more than $456 million in compensation from the London Metal Exchange for its decision to cancel nickel trading in March. U.S. hedge fund Elliott Management is suing the London Metal Exchange (LME) for more than $456 million in compensation for its…
French renewable energy producer and developer Akuo Energy is supplying large-scale energy storage systems for the South Pacific region. Largest BESS in the South Pacific It commissioned a 29.2 MWh battery energy storage system (BESS) in Tonga just weeks after powering a 19 MWh project in Martinique. The Tonga 1 and Tonga 2 projects,…
Panasonic sends 4680 battery samples to Tesla to prepare for mass production. Panasonic said it has shipped samples of 4680 battery cells to the automaker Tesla ahead of mass production. Panasonic detailed plans for its production schedule on the first day of the company’s annual investor event. Pilot line “A pilot line first created…
Russian electric vehicle fast battery charging facility technology is required to switch to Chinese standards According to reports, the Russian Ministry of Industry and Trade has revised the technical requirements for fast battery charging facilities for electric vehicles lithium batteries. Now such EV battery charging stations must meet the Chinese standard GB/T, while the European…
Portable energy storage batteries make camping “electric freedom” possible During the normalization of the epidemic, domestic short and medium distance outdoor sports have suddenly heated up, and outdoor consumption such as picnics, camping, fishing, and self-driving tours has become more and more popular, driving the upgrade and iteration of outdoor equipment. Camping electric freedom…
The wind turbine tower is made in a new way, and the transportation is more convenient! Recently, Keystone, an American wind power tower manufacturer, announced the launch of the world’s first commercial production of a spiral welded tower project in Texas, USA. The company claims that this welding method can effectively reduce the production and…
Toyota launches home energy storage system( ESS ) that can be powered by new energy vehicles New battery system Toyota Motor (TM.US) released a new battery system for homes on Thursday, which can combine the whole-house power system with solar panels, power grids, and new energy vehicles to provide a home power solution. It…
Nickel tops $30,000, lithium supplies are in trouble, demand for electric vehicles pushes up metal prices Nickel prices on the London Metal Exchange (LME) rose as much as 7.1%. Market liquidity is low and there are signs that investors and industry hedge traders continue to trim nickel exposure following the March short squeeze Prices…
Global carbon pricing revenue to reach $84 billion in 2021. All Chinese state-owned listed companies to disclose ESG reports by 2023. China Salt Lake Co., Ltd. invests in the construction of a 40,000-ton lithium salt project The World Bank released the 2022 Global Carbon Pricing Status and Trends Report. According to…
Goldman Sachs, battery metals bull market has come to an end, lithium prices expected to fall to more than $16,000 per ton next year. Investors’ enthusiasm leads to oversupply, “investors are fully aware that battery metals will play an important role in the global economy in the 21st century” Goldman Sachs’prediction …
Rising fuel costs offset slowing electricity prices, Spanish inflation unexpectedly accelerates, rising electricity prices lead to a sudden acceleration of inflation across EU countries. Inflation accelerated Inflation unexpectedly accelerated in Spain, denting hopes that record prices in the euro zone are peaking and putting more pressure on the ECB to act. …
Tesla and other EV companies demand federal government to invest in heavy-duty truck charging infrastructure. Joint demand Tesla joins other EV companies and environmental groups in demanding that the Biden administration invest in charging infrastructure for electric buses, trucks and other medium- and heavy-duty vehicles. The groups want the U.S. government to spend 10…