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December 10, 2020

FREYR and Glencore agree for battery raw materials supply

Lithium-ion based battery cell facilities operator FREYR and Glencore International have agreed for potential supply of traceable battery raw materials.

Battery company FREYR has signed an agreement with Glencore for the supply of ethically sourced battery metals.

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As part of a memorandum of understanding (MoU) signed, the companies will supply ethically sourced materials to be included in the lithium-ion battery (LIB) cells of FREYR.

The cells will be produced at planned facilities in Mo i Rana, Norway.

Together, FREYR and Glencore will identify requirements and terms to supply the raw materials to FREYR’s LIB facilities.

By considering joint research and development (R&D) projects to adjust the quality, shape or form of Glencore’s raw materials, the companies will make them better fit into FREYR’s operating units.

Furthermore, the companies plan to discuss projects related to R&D for lithium batteries recycling.

FREYR CEO Tom Jensen said: “Glencore is a global leader in supply and recycling of battery raw materials with a strong focus on responsible sourcing, sustainability and minimising the impact on the environment.

“We share the same ambitions and support for the goals of the Paris Agreement through decarbonisation of energy and transport systems, and to bring positive change to people and societies.”

They will also develop strategies for the use of blockchain technology to enable the transition to a low carbon economy.

The blockchain technology will help to improve traceability and transparency of raw materials in the battery supply chain where FREYR and Glencore will back development of global standards and traceability schemes to support responsible artisanal and small-scale cobalt mining.

FREYR continues to develop partnerships across the value chain and plans to announce them upon formalisation.

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Free Report
img

How is the Mining industry adopting electric technologies?

As miners strive to reduce greenhouse gas emissions, many, particularly those with underground mines, are beginning to invest in battery-powered and electric-powered mining fleets. As of March 2022, GlobalData was tracking 207 trolley assist trucks operating on surface mines across the globe. Based on our analysis, the largest population of trolley assist trucks was in Zambia, followed by Namibia and Panama. In the same time frame, GlobalData was also tracking 157 electric loaders (LHDs) and 45 electric trucks operating in underground mines across the globe. Our analysis revealed that the combined largest population of electric LHDs and trucks was in Canada, followed by Russia, Sweden and Australia. Our report provides:
  • A summary of specific battery/electric surface and underground equipment – namely trolley trucks, underground mining trucks and underground LHDs
  • Active population of trolley assist and battery-powered trucks worldwide by country & mine
  • Active electric LHDs and trucks population worldwide by country & mine
  • Number of electric LHDs & trucks operated by miner
Download this report to better understand the rise of electric vehicles in mining and pinpoint investment opportunities.
by GlobalData
Enter your details here to receive your free Report.

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