Benchmark has promoted Chinese cell producers CALB, EVE Energy, SVOLT, and Gotion to Tier 1 status. This follows sufficient evidence that these companies have met the offtake requirements to qualify as Tier 1 producers. Namely, they have been assessed as supplying multiple multinational passenger EV OEMs outside the Chinese market. CALB CALB has an active […]
> Benchmark Mineral Intelligence, specialising in battery supply chain research and insights, reports that 12.7GWh of new operational capacity entered operation in October 2025. Operational Capacity The grid-scale BESS market saw 12.7GWh of new capacity enter operations globally in October 2025, a y-o-y increase of 29%. China led new operational capacity with just under 8.8GWh of […]
> In the third quarter of 2025, 18 of the largest 25 copper miners reported quarter-on-quarter decreases in their output, including the top four miners. The total Q3 copper production reported by the top 25 miners hit 3.72Mt. “In the third quarter, many companies saw lower production compared to the previous quarter. However, most did not […]
> Battery demand has continually been growing over the last decade, with annual global battery demand surpassing 1TWh for the first time in 2024 according to Rho Motion’s Battery Demand Service. As battery demand has grown, cell prices have followed a downward trajectory with global weighted cell lithium ion cell prices now hovering above $60/kWh according […]
> SVOLT has confirmed the cancellation of its Saarland, Germany gigafactory amidst a climate of delayed and withdrawn investment in Europe’s battery market. The planned location for the Überherrn site falls within a water protection zone, meaning strict environmental protection regulations are in place. SVOLT abandoned plans for a gigafactory in Brandenburg, Germany in May this […]
> Since January 2025, 108GWh of LFP production capacity has been announced in North America through to 2030, bringing the total to 281GWh. These announcements have been driven by the increasing importance of the BESS industry in the US, as tax credits for EVs have been phased out. How is future capacity changing? The new capacity […]
> Benchmark Mineral Intelligence today announced the commercial launch of its new 314Ah lithium iron phosphate (LFP) cell price for energy storage applications. The announcement comes as global LFP battery cell prices show signs of recovery, following a marked rebound in lithium carbonate costs and tightening supply conditions across the battery materials market. Benchmark’s Head of […]
> Benchmark Mineral Intelligence, specialising in EV supply chain research and insights, reports that 1.9 million electric vehicles were sold globally in October 2025. Rho Motion Data Manager, Charles Lester, commented: “Global EV sales reach 1.9 million units in October 2025, marking a 23% increase year-to-date. Europe led regional growth with a 36% year-on-year increase, driven […]
> Escalating unrest in Mali, as jihadi groups target fuel convoys around the capital Bamako, has led several governments including France and the US to advise their citizens to leave the country. The attacks have created fuel shortages, and raised serious concerns around the military government’s ability to maintain its rule in the country. Mali is […]