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 worldโs 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
๐ฑ Apple Seeks to Manufacture Battery in USA
๐ Tesla Surpasses $1 Billion in GAAP Net Income for Q2
๐ DOE to Move Battery Supply Chain into US
๐ค Schlumberger and Panasonic Join Forces to Create Lithium Production in US
Articles in this issue