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July

28

Decarbon Daily - Issue for July 28, 2021

Inside this issue

Battery wars are heating up. Elon Musk poked Apple commenting "Apple uses I think almost 100% cobalt in their batteries in cellphones and laptops." Supply chains will continue to develop outside of China; however, near term demand will be met almost entirely by China.

The Democratic Republic of the Congo (DRC) produces more than 60% of the world’s mined cobalt. According to OECD.org, 8 of the 14 largest cobalt mines are Chinese-owned.

The global energy service companies are making moves too. Olivier Le Peuch, CEO of Schlumberger reminded investors during the Q2'21 earnings call:

And in new energy, we continued to progress all of our ventures, including the recently announced strategic collaboration with Panasonic North America to develop our new battery-grade lithium production process in Clayton Valley, Nevada.

SLB and Panasonic aim to bring a new production process for lithium batteries that is more sustainable and cuts the total time from over a year to just a few weeks.

Inside this Issue

📱 Apple Seeks to Manufacture Battery in USA
🚘 Tesla Surpasses $1 Billion in GAAP Net Income for Q2
🔋 DOE to Move Battery Supply Chain into US
🤝 Schlumberger and Panasonic Join Forces to Create Lithium Production in US

Articles in this issue

Apple Seeks to Manufacture Battery in USA

www.macrumors.com
The report says that Foxconn, one of Apple's largest suppliers, and Advanced Lithium Electrochemistry, plan to set up plants in the Unite...

Tesla Surpasses $1 Billion in GAAP Net Income for Q2

seekingalpha.com
To recap, Q2 2021 was the record quarter on many levels. We achieved record production, deliveries and surpassed over a $1billion in GAAP...

DOE to Move Battery Supply Chain into US

www.energy.gov
The Federal Consortium for Advanced Batteries (FCAB) brings together Federal agencies that are interested in ensuring a domestic supply o...

Schlumberger and Panasonic Join Forces to Create Lithium Production in US

www.slb.com
Schlumberger New Energy and Panasonic Energy of North America, a division of Panasonic Corporation of North America, announced today that...

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