Northvolt is re-orienting its focus to large-scale battery cell manufacturing, placing its battery material capabilities in Europe on hold to streamline its operations amid challenges ramping up battery cell production. Following a strategic review of its business, Northvolt confirmed the Ett Upstream 1 cathode plant would be put on care and maintenance and the site […]
> Once heralded as Europe’s best shot at competing in the global battery industry, Northvolt has filed for bankruptcy in Sweden. This follows its bankruptcy filing in the US last November. Northvolt’s hopes at securing further investment to support its operations fell through on Wednesday, following the company’s struggles to ramp up production at its gigafactory […]
> Chinese-owned Volvo Cars is taking over its joint venture with Northvolt as the battery manufacturer struggles with scaling production and challenging market conditions. The joint venture, NOVO Energy, was expected to begin production in 2026 from a facility in Gothenburg, Sweden. The project has planned investments of $2.8 billion and a 2030 pipeline capacity of […]
> Lithium chemical prices spiked in China on Monday following a bullish speech by the chairman of Ganfeng – the world’s third-largest lithium producer – in which it was suggested that lithium demand growth could reach 30% in 2026. In a keynote speech on 16 November at the 10th International Summit on Power Battery Application in […]
> Benchmark hosted its inaugural Giga Africa event in Marrakesh, Morocco in September, featuring delegates from across the battery supply chain. Over the many conversations and discussions held about Africa’s place in the global battery supply chain, several key themes emerged: Explore these topics in the words of Giga Africa’s expert speakers and panellists.
> 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 […]
> Swedish battery company Northvolt has filed for bankruptcy in the US, in a setback for Europe’s ambitions to compete with the largest Asian producers of lithium ion batteries for electric vehicles. The company’s co-founder and chief executive Peter Carlsson will also step down from the struggling battery maker, it said. The news highlights the difficulty […]
> India’s pipeline of cathode active material (CAM) production capacity is set to grow more than 50-fold over the next decade. Altmin, Himadri Speciality Chemical, and Epsilon Advanced Materials have the largest pipeline capacities in the country. Almost all CAM capacity under development in India is for LFP, both due to the popularity of the cathode […]
> Following the continued evolution of the lithium ion battery supply chain, and as part of its rolling methodology review process, Benchmark Mineral Intelligence announces the opening of the 2025 annual public consultation period, for comment on Benchmark’s market-leading price assessment methodologies for lithium, nickel, cobalt, natural graphite, synthetic graphite, anode, cathode, black mass and rare […]