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Investing News Network Daily - December 5, 2017
Carmakers and governments shifting toward electric cars, as well as increasing supply worries, have made news headlines throughout the year.
As demand for electric cars increase, the need for cobalt is also expected to soar, as the metal is a key component in EV batteries. In total, surging demand for electric vehicles is expected to push demand for lithium-ion batteries above 400 GWh by 2025, Benchmark Mineral Intelligence says. Lithium-ion batteries contain about 11 kilograms of cobalt each… “Over time we will see a division in the market between those companies that will be able to demonstrate they are following responsible sourcing practises and those that are not, and that will have an impact on market demand from those companies,”
Nikkei Asian Review - December 6, 2017
Shift toward electric vehicles seen altering global energy landscape
in developing countries," Takai said. Prices of cobalt, used in electric-vehicle batteries, have roughly doubled from the start of the year
The rapid spread of electric vehicles may cause demand for crude oil to start declining sooner than expected and possibly peak as early as 2025, experts said Tuesday at a commodities conference. "I think [peak demand for oil will come] maybe before 2030... but now, when I talk to [people from the China National Petroleum Company], they say we will move to more gas to replace coal and oil, so peak could be 2025," Nobuo Tanaka, former executive director of the International Energy Agency and present chairman of the Sasakawa Peace Foundation, said at the Financial Times Commodities Tokyo Summit. "If China is at least like that, I think peak demand happens much much faster."…Electrification is "an unavoidable trend," Toyota Motor's head of environmental technology planning, Hiroyuki Fukui, said in a discussion about society's shift away from carbon…Prices of cobalt, used in electric-vehicle batteries, have roughly doubled from the start of the year as supply and demand tighten. "A car maker will be looking to secure maybe 7 years worth of raw materials to continue support and launch EVs," said Tony Southgate of Eurasian Resources Group.
Reuters US News - December 6, 2017
(Repeats story published on Tuesday) * Miner has sharply raised output of battery metals * Strategy presents opportunities as well as...
Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.
CEO Ivan Glasenberg has said many times this year the roll-out of electric vehicles will boost demand for copper, cobalt and nickel…Glencore’s reliance on Democratic Republic of Congo for cobalt as well as copper presents another risk. The other majors avoid the country, which is plagued by pockets of lawlessness and conflict, political tumult, child labor and an opaque legal system…Glencore’s willingness to operate in Congo has made it the leading global producer of cobalt among the major miners. It increased its cobalt output from 12,880 tonnes in 2011 to 28,300 last year, accounting for more than a quarter of the roughly 100,000 tonne global market, according to the analysis. - December 5, 2017
Automakers and e-waste recyclers find new uses for electric vehicle batteries when their on-road service life ends.
a car crash. Due to contents such as lead, cobalt and chromium, lithium-ion batteries can become an environmental hazard if not disposed of
Electric vehicles make up less than 1 percent of current US auto sales, but their numbers are growing, with one projection putting them at 54 percent by 2040. ..Nissan spokesman Josh Clifton said, "Reuse opportunities range from very small kilowatt-hour applications involving portable energy supplies to very large megawatt-hour stationary energy storage for commercial and utility."…An electric vehicle battery pack may seem dead, but the individual cells inside may be perfectly usable. The energy capacity of a cell might degrade, but sometimes the circuitry in a pack throws an error when all the cells are perfectly fine. The cells can be pulled and reused, either in a new electric vehicle battery pack or for another application, such as a portable energy unit…Pablo Valencia, Chevrolet senior manager of Battery Life Cycle Management, points out that after a battery pack becomes unusable for the Volt, it still has 80 percent of its storage capacity…The fact that a battery no longer usable for an electric vehicle can still find life in other energy storage applications also suggests an interstitial step before recycling that will encourage responsible disposal.
The Independent - December 6, 2017
London’s black cab has gone electric - and it’s just hit the roads. Wi-Fi, USB charging and even a sunroof are among the new features of...
of the London Electric Vehicle Company, a unit of Chinese-owned Geely, told Reuters. Read more Ford set to launch electric cars in China
“You can see very clearly this is a London black cab,” Chris Gubbey, chief executive of the London Electric Vehicle Company, a unit of Chinese-owned Geely, told Reuters…The cabs come just ahead of new rules London is adopting within a few weeks for new taxis to be either hybrid or completely emission-free.
Bloomberg - December 6, 2017
Conflict displaced 997,000 people between January and June UN estimates more than 4 million people displaced in Congo
Almost a million people fled violence in the Democratic Republic of Congo in the first half of the year, outpacing conflict zones including Syria and Yemen, the Internal Displacement Monitoring Centre said.
“For the second year running, Congo is the country worst affected by conflict displacement in the world,” said Ulrika Blom, the Norwegian Refugee Council’s Congo director. “It’s a mega-crisis. The scale of people fleeing violence is off the charts.”…Congo, the world’s largest source of cobalt, has struggled for two decades to defeat dozens of local and foreign militias in its mineral-rich eastern region, while protracted violence in five southern and central provinces known as the Kasai area has killed more than 5,000 people since last year, according to the UN.
All Africa Botswana - December 4, 2017
analysis President Kabila's delaying tactics are holding hostage DR Congo's political transition, while internal strife and government...
; "Kamuina Nsapu Insurgency Adds to Dangers in DR Congo", 21 March 2017; "Kabila's Strengths and Vulnerabilities as DRC Deadline Nears", 11
President Kabila's delaying tactics are holding hostage DR Congo's political transition, while internal strife and government repression are weakening the opposition. Western and African actors need to coordinate their approach to the deepening crisis, support the advancement of democratic elections and encourage the opening of political space…Why does it matter? The DRC is already among the world's worst humanitarian crises. Violence has been intensifying across several provinces and the risk of further escalation is high. A rapid implosion would have dire consequences for stability in the DRC and its neighbours…The political impasse in the Democratic Republic of Congo (DRC) continues, and violence has been rising in several provinces throughout 2017. Yet the regime of President Joseph Kabila appears determined to stay in power by postponing elections. It has outmanoeuvred the opposition and international actors alike. The blockage carries grave dangers for Congolese and regional stability; the longer the crisis drags on, the harder it will be to pick up the pieces…The likelihood that the DRC will witness a rise in violent conflict remains high; the Kasai experience suggest how quickly and intensely it can spread. Should that occur, a regime that lacks both popular legitimacy and resources will find it highly challenging to manage. In the short term, this likely would reinforce the regime's belief in its strategy of glissement, but at a huge human cost. A sudden, major deterioration of security, with large scale displacement and major implications for the region, cannot be ruled out.

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