Wednesday, May 8, 2024
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Prices for Cobalt Used in Electric Vehicle Batteries Crash Following Oversupply from Miners

Prices of cobalt are may remain low for a while as demand from EV and consumer electronics makers are likely to remain lower than supplies. Cobalt hydroxide prices have dropped in response to an increase in supplies from the Democratic Republic of Congo. Cobalt, used commonly to make batteries for electric

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Toyota Shares React Positively to News of Next-Gen Batteries for Electric Vehicles

Shares of Toyota rose after the company announced next-generation batteries for its electric vehicles and other company plans. Toyota Motor Corp (TYO: 7203) shares rose more than 5% on the Tokyo stock exchange on Tuesday following the company’s EV announcement. Toyota has confirmed that in 2026 it will launch a range

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Volvo Invests in Blockchain Startup to Trace Cobalt in Its Batteries

On July 8, Volvo Cars Tech Fund announced their investment in blockchain traceability startup, Circulor.Volvo previously used Circulor’s traceability solution to track cobalt in its batteries. Much of cobalt mining happens in Africa under questionable conditions and involves child labor. In the era where more consumers are becoming concerned with

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Volvo Cars to implement blockchain traceability of cobalt used in electric car batteries

Volvo Cars will become the first carmaker to blockchain technology in order to globally trace the cobalt used in its batteries.   advertisement “We have always been committed to an ethical supply chain for our raw materials,” said Martina Buchhauser, head of procurement at Volvo Cars. “With blockchain technology, we can take the

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