Latest market news

Germany to develop sodium-ion battery technology

  • : Battery materials
  • 24/10/02

A German consortium of 15 working groups led by battery supplier Varta has started development of industrial-scale sodium-ion battery technology, as Europe looks to compete with China on the next battery chemistry set to reach commercial production.

The consortium has officially started development on the Entise project, after gaining approval and €7.5mn ($8.31mn) of investment from Germany's education and research ministry in May.

The EU has funded several other sodium-ion initiatives, including the €925mn public-private BATT4EU project, which launched in 2021 to drive battery research and innovation. A undisclosed portion of BATT4EU funding has been dedicated to sodium-ion batteries.

And the European Commission has invested €8mn each in two projects — SIMBA and NAIMA — which are both made up of consortiums looking to bring sodium-ion battery technology closer to production.

Some companies are also making investments without public funding, with Swedish battery producers Northvolt and Altris and US firm Fluor leading the way on commitments — although sluggish international demand for electric vehicles (EVs) has disrupted progress. Weak demand for EVs and low prices for battery materials have weighed on battery makers' revenues, reducing the incentive for research and development into future battery chemistries, such as sodium-ion batteries.

Germany is set to account for 21pc of Europe's lithium-ion battery production capacity by 2030 — the largest share of any country in the region (see graph), ahead of Hungary at 16pc and France at 13pc, according to UK government-funded research group the Faraday Institution.

China leads the way

China is the region with the most lithium-ion battery production capacity at present, and is set to have 395GW of capacity, or 52pc of the global total, by 2030, according to energy watchdog the IEA. And some Chinese firms are also turning to sodium-ion batteries, with the world's largest EV maker BYD and technology firm Huaihai signing a contract late last year to build a 30 GWh/yr sodium-ion battery plant.

Sodium-ion batteries are expected to account for less than 1pc of global battery demand by 2030, according to the IEA (see chart). They are set to be used in a range of applications, from grid-scale storage and transport, to consumer electronics, industry, aerospace and defence. And sodium-ion batteries could potentially power products including toothbrushes, mobile phones and EVs.

Sodium-ion batteries are slightly bigger but potentially cheaper to produce than lithium-ion batteries. The anode is made from hard carbon, which can be manufactured from wood or biowaste, while the cathode can be made from Prussian white, which contains iron — a cheap and abundant metal.

European lithium-ion gigafactory capacity to 2030 GWh

European lithium-ion gigafactory capacity forecast, 2030 pc

Global EV battery production, as per stated policies TWh

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

24/12/12

Syrah declares Mozambique graphite plant force majeure

Syrah declares Mozambique graphite plant force majeure

Singapore, 12 December (Argus) — Sydney-based graphite producer Syrah Resources has declared a force majeure for its Balama operations in Mozambique and defaulted on US government-backed debt, given post-election civil unrest in Mozambique. This came as Syrah is unable to carry out production at Balama throughout October-December to replenish inventory and to sell to customers, because of a protest that had began at the site in late September, forcing a force majeure event. Syrah back in October said the protest is disrupting site access and causing production uncertainty. The firm is one of the few established non-Chinese graphite producers. The protest was originally linked to farmers with "historical farmland resettlement grievances", Syrah said. But it has persisted and worsened after Mozambique's general election in October, which triggered violent protests across the country's major cities given claims of electoral fraud. "The protest actions have been peaceful with no evident actions to deliberately damage property, plant or equipment at Balama," said Syrah. But efforts to reach a positive resolution have been "unsuccessful to date", it added. Syrah is still working on restoring operations "as quick as possible" but has acknowledged that any resolution will be a lengthy process. The Balama site has not been producing graphite since July, according to Syrah, owing to sufficient inventory for sales and low graphite fines demand. Balama produced around 24,000t of natural graphite during the April-June quarter. Syrah has been operating Balama in short "campaign" stints this year owing to insufficient market demand at times. The protest also triggered events of default on its loans with the US International Development Finance (DFC) and the US Department of Energy (DOE), given the "impacts and duration" of the protest. The US DFC pledged its first loan to a graphite operation to Syrah, which amounted to $150mn. Syrah also received a $102mn loan facility with US DOE for the expansion of its Syrah Vidalia anode active material facility in US. Syrah is engaging with US DFC and DOE on its defaults, it said.Australian mining company South32 earlier this month withdrew the production guidance for its Mozal Aluminium smelter in Mozambique because of riots and road blockages. By Joseph Ho Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Japan’s domestic EV sales extend fall in November


24/12/06
24/12/06

Japan’s domestic EV sales extend fall in November

Tokyo, 6 December (Argus) — Japanese domestic sales of passenger electric vehicles (EVs) fell for a 13th straight month in November, mostly because of lower demand for domestic brand EVs. Sales totalled 5,041 units in November, down by 22pc from a year earlier, according to data from three industry groups — the Automobile Dealers Association, the Japan Light Motor Vehicle and Motorcycle Association and the Japan Automobile Importers Association (JAIA). Sales were up by 17pc on the month. EVs accounted for 1.5pc of Japan's total domestic car passenger sales in November, down by 0.4 percentage points from a year earlier. The fall in EV sales was mostly attributed to lower sales of Nissan's Sakura, one of the domestic producer's top selling EV models. Sakura sales fell sharply by 37pc on the year to 1,731 units. Sales of foreign brand passenger EVs were stable on the year at 2,184 units. Reduced deliveries from German manufacturer Volkswagen continued to weigh on supply , but new EV models from German producer BMW and Mercedes lifted demand for imported EVs, a representative from the JAIA told Argus . Foreign EV sales are likely to increase on the month in December, as the last month of the year typically records higher sales compared to other months, the JAIA representative added. Imported EVs accounted for 43pc of the country's total passenger EV sales in November. By Yusuke Maekawa Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

S Korea wary of battery risk from US-Canada tariff row


24/12/05
24/12/05

S Korea wary of battery risk from US-Canada tariff row

Singapore, 5 December (Argus) — South Korea's battery and mineral investments in Canada are expected to take a hit from US president-elect Donald Trump's proposed 25pc tariff on all Canadian imports, South Korea's trade and industry ministry Motie warned today. Trump's threat serves as a precedent for future global tariff measures from the US, according to Motie, citing its trade minister Cheong In-kyo, who held a roundtable on the tariff threat today. South Korean firms have been investing in Canada as it serves as a base to enter the North American electric vehicle (EV) and battery market, but companies that did so are expected to be "significantly affected" by the potential tariff, according to Motie. Any development in the tariff threat is being closely monitored to inform the South Korean government of potential future trade risks, according to Cheong, who added that South Korea will work closely with the Canadian government to "minimise" the "uncertainties" posed. Top South Korean battery maker LG Energy Solution (LGES) and South Korean battery materials producer Posco Future M — a subsidiary of conglomerate Posco — are some of the companies that have bet on Canada. LGES' joint venture with global automaker Stellantis, which is the first large-scale EV battery manufacturing facility in the country with a production capacity of 49.5GWh, began its battery module production in October, with cell manufacturing to commence in 2025. LGES in 2022 also signed agreements with Canadian firms Electra, Avalon and Snow Lake for lithium hydroxide and cobalt supply. Electra's agreement was later expanded and is supposed to supply LGES 19,000 t/yr of "battery-grade cobalt" for five years starting from 2025, according to Electra. Electra secured a $20mn prepayment facility in September to help plug a $60mn gap in capital that it needs to finish its $250mn refinery in Ontario. But Posco Future M earlier this year, citing "local conditions", delayed the completion of its 30,000 t/yr high-nickel cathode active material plant in Quebec, which is a joint venture with US automaker General Motors. By Joseph Ho Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Thailand to extend BEV production commitment deadline


24/12/04
24/12/04

Thailand to extend BEV production commitment deadline

Singapore, 4 December (Argus) — Thailand's National Electric Vehicle Policy Board has approved an extension for battery electric vehicle (BEV) producers, which were supposed to fulfil their production commitment this year, according to the country's Board of Investment (BOI). BEV manufacturers received subsidies under the country's first phase of EV promotion measures — also called the EV 3.0 measures — and were supposed to produce one BEV this year for every vehicle they imported between 2022-23. The ratio will rise to 1½ BEV in 2025 for every imported vehicle. The unfulfilled portion of the production commitment will now roll over and manufacturers are required to instead follow the conditions under its second phase of EV promotion measures , the EV 3.5 measures. The portion that was not completed will not receive subsidies under either package, said BOI on 4 December. Subsidies under the EV 3.5 measures will "come into force" after those production commitments have been fulfilled. About 26 car manufacturers have applied to the incentive schemes, according to BOI. Thailand's Federation of Thai Industries (FTI) cut the country's 2024 auto output estimation twice this year. The estimation was cut from 1.9mn units to 1.7mn units in July, and once more to 1.5mn units in November. Thailand's total vehicle output in January-October came in at nearly 1.25mn units, down by 19pc compared to the same period a year earlier, according to FTI. October's vehicle output fell by 25pc on the year to 118,800 units, domestic sales dropped by 36pc to about 37,700 units and exports were down by 20pc to around 84,300 units. The country has produced 8,026 units of battery passenger cars, 159,176 units of hybrid passenger cars and 5,067 units of plug-in hybrid passenger cars over January-October, according to FTI. Cumulative registrations of battery passenger cars reached 213,173 units as of end-October, while that of hybrid passenger cars reached 455,364 units. The National Electric Vehicle Policy Board in July approved a temporary reduction of excise tax rate for hybrid EVs from 2028-32 on the conditions of car manufacturers investing in Thailand and adhering to strict vehicle CO2 emission requirements, which it said is expected to bring in around 50bn baht ($1.4bn) of new investments. Excise tax rates of between 6-9pc were set depending on HEVs' CO2 emission requirements. By Joseph Ho Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

W Australia backs troubled lithium miners with $97mn


24/11/27
24/11/27

W Australia backs troubled lithium miners with $97mn

Singapore, 27 November (Argus) — The Western Australia (WA) government will support the region's embattled lithium mining firms, which have found themselves stuck in a lithium price slump this year, by waiving fees and offering loans through a A$150mn ($97mn) support package. "This package will provide important temporary and responsible support for WA's fledgling lithium industry, taking into account the extremely challenging market conditions it is facing," WA premier Roger Cook said on 27 November. The package includes waiving up to two years of "government fees" totalling A$90mn to support the continuation of downstream lithium processing. Up to two years of port charges and mining tenement fees totalling A$9.37mn will also be waived. A A$50mn loan facility that offers lithium miners temporary interest-free loans will also be set up, the state government said. The loans will cease to be interest-free after average lithium spodumene prices rise above $1,100/t for two successive quarters, or by 30 June 2026 if prices remain below this threshold. Multiple lithium firms operating in the region — from Mineral Resources , Liontown to Pilbara — have this year been forced to cut output, shut down part of their operations or slow expansion plans under the lithium downturn that has persisted for most of 2024. Lithium prices, which appeared to have bottomed out in October, have recently risen. Argus -assessed prices for 6pc grade lithium concentrate (spodumene) rose to $800-880/t cif China on 26 November from $800-850/t cif China on 19 November. But prices have crashed from an all-time high of $5,875/t cif China in November 2022. The lithium outlook for January-March 2025 remains largely pessimistic, said an Australian spodumene producer. The earlier output adjustments announced by Australian spodumene miners, which partly drove the rise in prices, could potentially be reversed if the price uptrend persists for three months. But these decisions heavily depend on market demand, the miner said. By Joseph Ho Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more