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Industry

China EV materials supply chain shifts, with scrapped cars and used batteries seen as key resources by 2050

A study finds China could meet a large share of key materials needed for future electric vehicle production by recycling scrapped EVs and used batteries. While EV adoption boosts new mineral demand, the analysis says end-of-life vehicles and batteries could become major sources of battery and motor materials over coming decades. The outlook varies by material, and depends on technology shifts, policy and how quickly collection and recycling systems are built.

Industry

L&F Plus ships first trial output from South Korea\'s first LFP cathode mass production line

South Korea\'s LFP cathode supply chain is moving toward full operation following its first shipment, L&F said. Its wholly owned unit L&F Plus shipped trial-production output made on the country\'s first LFP cathode mass production line on July 31. The company plans to begin full-scale mass production by the end of the third quarter after customer evaluations and process stabilisation. L&F Plus is expanding its customer base, including deals with Samsung SDI and U.S. battery company CoreShell Technology.

Industry

Ecopro BM posts Q2 operating profit of 18 billion won, down 63 percent year on year

Ecopro BM stayed profitable this quarter, posting second-quarter consolidated revenue of 576.7 billion won and operating profit of 18 billion won, it said on July 31. Revenue fell 26.0 percent and operating profit dropped 63.2 percent from a year earlier. Results also weakened from the prior quarter, and the company swung to a net loss of 4.5 billion won. It plans to expand cathode-material supply and advance investments in Indonesia and Hungary.