Toyota, Panasonic setting up EV battery JV amid rising China competition: source
Toyota Motor Corp (7203.T) and Panasonic Corp (6752.T) are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.
Orocobre Market Update – Online Briefing
To listen to a recording of Orocobre’s latest teleconference webcast briefing, where Managing Director & CEO Mr Richard Seville discusses the Quarterly Activities Report for the period ended 31 December 2018, click on the media player below.
VW, China spearhead $300 billion global drive to electrify cars
Global automakers are planning a $300 billion surge in spending on electric-vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry’s transition from fossil fuels and shifting power to Asian battery and EV technology suppliers.
BORON
MARKET
The borates market typically grows at levels equal to, or above GDP growth in key demand markets.
Increased demand for agricultural applications continues with Africa and India showing improved adoption of using borates as a micro-nutrient to increase crop productivity. Heightened demand for refined borates products and boric acid reflect increased consumption in both agriculture and industrial markets.
Continued market growth at approximately GDP rates or above is expected, driven by innovation in the boro-silicate glass industry and fracking in the Americas, as well as increasing and more widespread consumption of borates in agricultural applications.
REFINED BORATES MARKET
- Overall 4.5% CAGR from 2013 to 2018
- Growth driven by Agriculture (6%), Borosilicate Glass (4%)
- As the market continues to improve, Insulation Fibre Glass in the North American housing market will also stimulate growth.
MINERAL BORATES MARKET
- Overall 4% CAGR from 2013 to 2018
- Growth driven by Agriculture (6%), Insulation Fiber Glass (4%) and Frits and Ceramics (4%)
- Minerals used in Asia for direct use and conversion to refined products and in North / South America directly in end-uses.