I just noticed this....Industrials
SK Innovation, Glencore sign 6-year cobalt supply deal
SK Innovation said Dec. 4 it has signed a six-year deal with Swiss-based Glencore PLC to secure supplies of cobalt, a key material used in EV batteries.
Under the agreement, SK Innovation will receive a total of 30,000 tons of cobalt, which is enough to make batteries for 3 million EVs, from Swiss-based Glencore between 2020 and 2025.
1
The latest deal will help SK Innovation cope with rising demand for EV batteries. The global EV battery market is expected to reach 182 trillion won in 2025, with annual average growth of 25 percent, the company said.
SK Innovation said the global demand for cobalt in the EV battery industry is expected to reach 32,000 tons next year and grow to up to 92,000 tons in 2025.
By Ram Garikipati and newswires ([email protected])
- Forums
- ASX - By Stock
- EV mineral shortage
I just noticed this....IndustrialsSK Innovation, Glencore sign...
-
- There are more pages in this discussion • 348 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.98M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $59.24K | 5.875M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 437625 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 7999864 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 437625 | 0.010 |
22 | 4854830 | 0.009 |
27 | 12632000 | 0.008 |
40 | 24613442 | 0.007 |
19 | 6325551 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 7999864 | 25 |
0.012 | 17340305 | 14 |
0.013 | 2333954 | 7 |
0.014 | 3383092 | 9 |
0.015 | 1129918 | 7 |
Last trade - 15.46pm 11/07/2024 (20 minute delay) ? |
Featured News
AUZ (ASX) Chart |