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Business

“Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise”

November 22, 2023

“Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers shift to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs…” https://www.cnbc.com/2023/11/21/ford-scales-back-ev-battery-plant-in-michigan.html Ford sees the writing on the… Continue Reading…

Business

“Toyota more than doubles investment and job creation at North Carolina battery plant”

November 3, 2023

“Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina, more than doubling its prior investments and expected number of new jobs, the company announced Tuesday. The Japanese automotive manufacturer… Continue Reading…

Precious Metals

“Lithium Jumps Again as Miners Can’t Keep Up With Battery Boom”

October 6, 2021

“Prices have more than doubled in the past year, according to a Benchmark Mineral Intelligence index of lithium carbonate and hydroxide. Demand for the materials used in electric cars and renewable-energy storage has soared and, while miners are seeking to… Continue Reading…

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