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Norway not ready to let go of oil, gas in push for greener energy

Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and beyond, the outgoing centre-right government said as it presented its long-term energy strategy on Friday.

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LG Energy moves ahead on S.Korea IPO that IFR says may raise $10-$12 billion

Auto battery maker and Tesla Inc supplier LG Energy Solution applied for preliminary approval of an initial public offering (IPO) that financial publication IFR said could raise $10 billion-$12 billion in South Korea's biggest ever listing.

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LG Energy Solution seeks nod for IPO that IFR says may raise $10-$12 billion

3 Min Read
SEOUL (Reuters) -Auto battery maker and Tesla Inc supplier LG Energy Solution (LGES) applied for preliminary approval of an initial public offering (IPO) that publication IFR said could raise $10 billion-$12 billion in South Korea’s biggest ever listing.
LGES and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size. IFR reported the potential size earlier in June, citing people close to the deal.
LGES, wholly owned by LG Chem Ltd from which it was carved out last year, said the IPO was planned for 2021. A spokesperson declined to comment on the IPO size on Wednesday and said it will be decided taking into account the company’s future capital expenditure and financial structure.

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EXCLUSIVE-Biden's electric vehicle plan includes battery recycling push

President Joe Biden's strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials.

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Exclusive: Tesla supplier CATL plans a new battery plant in Shanghai - sources

China's CATL is planning a major new automotive battery plant in Shanghai, continuing a blistering pace of expansion that will cement its lead as the world's No.1 supplier, two people familiar with the matter said.

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COLUMN-Indonesia's nickel boom is a win for resource nationalism: Andy Home

LONDON, June 3 (Reuters) - Indonesia has emerged as the world’s dominant producer of nickel over the last 10 years.
Mined production last year was 771,000 tonnes, twice as much as the world’s second largest producer the Philippines and accounting for almost a third of global output, according to the International Nickel Study Group (INSG).
It is only going to grow further as investment, particularly from China, floods into Indonesia’s nickel sector.
National output could exceed a million tonnes this year and, according to Macquarie Commodity Strategy consultant Jim Lennon, will reach more than 2.5 million tonnes by the end of the decade, at which point it will have exceeded last year’s global production.

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Portugal's lithium auction could be postponed to early 2022 - ministry

Portugal's long-awaited lithium licensing auction could be postponed to early 2022 due to delays in implementing a law granting municipalities more say in mining projects, the environment ministry said.

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Exclusive: Hyundai to slash combustion engine line-up, invest in EVs - sources

Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters.

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China's Huayou, EVE Energy to set up nickel smelter in Indonesia

* Project aims to produce 120,000 T nickel, 15,000 T cobalt a year
* Huayou to hold 20%, EVE 17% and Tsingshan unit 31%
May 24 (Reuters) - China’s Zhejiang Huayou Cobalt Co said on Monday it would partner with companies including a unit of battery maker EVE Energy to set up a $2.08 billion nickel and cobalt smelting project in Indonesia.
Huayou will hold 20% of the venture and it is the cobalt supplier’s third major investment in a smelter in top nickel ore miner Indonesia, which is becoming an important centre for the nickel and cobalt chemicals used in electric vehicle batteries.
The latest site will be at Weda Bay on the island of Halmahera in North Maluku province where Huayou already partners with Tsingshan Holding Group in a nickel sulphate project. The project aims to produce around 120,000 tonnes of nickel and 15,000 tonnes of cobalt on a metal content basis, Huayou said in a filing to the Shanghai Stock Exchange.

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BASF, Canada in early talks on EV battery production - source

4 Min Read
OTTAWA (Reuters) - Several companies, including Germany’s BASF SE, are in preliminary talks about tapping a federal clean tech fund to set up production for electric vehicle batteries in Canada, a government official with knowledge of the discussions said.
FILE PHOTO: A logo is seen on the facade of the BASF plant and former Ciba production site in Schweizerhalle near Basel July 7, 2009. REUTERS/Christian Hartmann/File Photo/File Photo
The talks are centered on understanding whether the goals of BASF and others fit with the aim of the C$8 billion ($6.6 billion) “Net Zero Accelerator” (NZA) fund, the source said. Canada has set a goal to reach net zero emissions by 2050.

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