A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- American Battery Technology Company announced on Wednesday that it has received a contract grant award for its $20 million project from the U.S. Department of Energy .
As part of this industry collaboration, ABTC is serving as the prime recipient of this grant award, and is working in partnership with three public universities, three national laboratories, and one private corporation. “ABTC and its partners intend to validate, test, and deploy three new first-of-kind disruptive advanced separation and processing technologies to further enhance the economic competitiveness, reduce environmental impact, and re-integrate an even greater percentage of the constituent components to the domestic battery manufacturing market,” the company said in a press release.
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Samsung SDI to invest $2 billion to build second joint battery plant in US with StellantisSEOUL (Reuters) - South Korea's Samsung SDI Co Ltd said on Wednesday it plans to invest 2.7 trillion won ($2.00 billion) to build a second joint ...
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US lawmakers demand documents on Ford battery partnership with CATLThe chairs of three U.S. House of Representatives committees demanded Ford Motor turn over documents tied to its partnership with Chinese battery company CATL and threatened to call CEO Jim Farley to testify before Congress. Republicans Jason Smith, Cathy McMorris Rodgers and Mike Gallagher - who chair the Ways and Means, Energy and Commerce and China select committees - jointly wrote to Farley with a new deadline seeking documents about the CATL partnership and the automaker's plan to build a $3.5 billion battery manufacturing plant in Michigan using Chinese technology.
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Ford pausing construction of Michigan battery plant amid contract talks with auto workers union - constructconnect.comDETROIT — Ford Motor Co. said Monday that it's pausing construction of a $3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively. The move comes as the company is in the midst of national contrac
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Ford pauses construction of EV battery plant amid UAW talksFord (F) halts the construction of its electric vehicle battery plant in Marshall, Michigan, citing uncertainty about the site's ability to compete with major EV makers. The facility, which had the potential to employ up to 2,500 workers, faces this setback amid the ongoing autoworkers strike against Big Three automakers Ford (F), General Motors (GM), and Stellantis (STLA). Yahoo Finance Autos Reporter Pras Subramanian discusses the details of the plant's untimely shutdown, referring back to comments made by Ford CEO Jim Farley in March, while also commenting on President Biden's visit to United Auto Workers' picket lines in Michigan. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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UAW strikes: Biden to visit picket line as Ford pauses Michigan battery plantA momentous day is on tap for the UAW and its ongoing strike with the Big Three as President Biden joins the picket lines in Michigan.
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