The Democratic Republic of Congo (DRC) supplies most of the world’s cobalt, but exporting semi-finished or finished products rather than raw materials would better help the country capture the value of the metal used in high power lithium-ion batteries.
China has once again been ranked top for involvement in the global lithium-ion battery supply chain by BloombergNEF, but for the first time the US has come in second amid a policy rush to support the domestic industry.
US Vanadium has followed up a recent commitment to ramp up its flow battery electrolyte production with a deal to secure vanadium feed material and the acquisition of a processing plant near its existing facilities in Arkansas.
Australia’s federal government has committed millions of dollars in grants to companies involved in lithium battery and vanadium redox flow battery value chains, as part of a wider pledge to support resources and critical minerals sectors in the country.
The huge upsurge in lithium-ion battery deployment expected over the next two decades poses a particular problem: what to do with cells that have reached the end of their useful life. Stefan Hogg investigates how lithium recycling will come into its own to handle spent batteries