*Fyi, I see where,
CATL plans $1.9 billion battery project in China’s Luoyang city
Contemporary Amperex Technology Co. Ltd., the world’s biggest battery maker for electric cars with almost 35% of the market, plans to build a 14 billion yuan ($1.9 billion) manufacturing base in the city of Luoyang in the central Chinese province of Henan.
Construction of the project will take up to three years, CATL said in a statement to the Shenzhen stock exchange Wednesday.
CATL said in a separate filing that it will sell as much as 10 billion yuan of notes on China’s interbank market to fund the building and operation of its various projects.
CATL is expanding at pace as consumer demand for electric cars skyrockets.
The company’s president said last week that CATL is considering a third factory in Europe after the Ningde, Fujian-based group last month announced plans to build a second European EV battery plant in Hungary.
That 7.3 billion euro ($7.2 billion) base, in partnership with Mercedes-Benz Group AG, has a planned output of 100 gigawatt hours and will also supply Volkswagen AG and Stellantis NV.
CATL already has several production bases in China and subsidiaries in the US, Japan and Europe.
It’s spending another 27 billion yuan on two battery projects in China’s Shandong and Fujian provinces and is looking at sites in Mexico and the US.
mining.com
Australia’s mining state aims to build battery manufacturing hub
Western Australia is seeking to lure more overseas investment to become a key battery manufacturer, promising financial backers from ally nations they will avoid limits on foreign ownership or repatriation of profits.
The battery minerals sector was an “essential element to Western Australia’s future, and particularly going downstream” in refining and battery manufacturing, the state’s Mines and Petroleum Minister Bill Johnston told business leaders at a conference in Perth Thursday.
“It is remarkable that we now have investors talking to us about every part of the value chain,” including battery manufacturing, Johnston said.
Western Australia is the country’s biggest mining state, with iron ore its top export.
It is also the world’s biggest exporter of lithium, mostly through the sale of hard rock ore to China.
Earlier this year, Chinese lithium producer Tianqi Lithium Corp. opened the country’s first onshore lithium refinery near Perth, in a joint venture with local miner IGO Ltd.
US lithium giant Albermarle Corp. and Australian conglomerate Wesfarmers Ltd. are also building refineries.
Australia exported 520,000 tons of lithium carbonate equivalent last year, almost all of it from Western Australia, according to government figures, but so far there has been little investment in battery manufacturing.
mining.com
S.Korea’s SK On inks deal with Global Lithium Resources for lithium supply
www.mining.com/category/battery-metals/
Food for thought on the long and winding road to Mining Manono
Frank