Peter Rawlinson announced that he would step down as chief executive and transition to a newly created position as Strategic Technical Advisor to the Chairman of the Board.
Redburn Atlantic estimates that Lucid's cumulative free cash flow gap versus consensus projections could signal the need for significant additional capital.
Despite the current slump, there are mounting signals that the tide may turn in 2025, when increased electric vehicle sales and production curtailments could help absorb some of the excess supply.
Lithium price are likely to improve in 2025 as global oversupply shrinks and mines remain shut. Demand for electric vehicles in China is likely to support lithium prices this year.
Max 155 characters: Lithium market remains oversupplied, prices low, but could help EV transition. Chinese dominance and US policy shifts also play a role.
Sony Group and Honda Motor's joint electric vehicle venture faces significant headwinds as it prepares to enter the U.S. market in 2026, amid expected policy changes under President-elect Donald Trump that could reshape the EV landscape.
In a recent study, researchers have suggested that Arkansas could potentially hold a significant amount of lithium, a crucial component for electric car batteries and other high-tech products.
USSM may receive $400M loan from EXIM Bank for cobalt mining project in Missouri. This could reduce US's reliance on foreign sources in unstable Congo.
Battery demand is projected to increase ninefold by 2040. As a result, the battery industry’s total capex is expected to nearly triple, rising from $567 billion in 2030 to $1.6 trillion in 2040.
