Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Stellantis N.V.
  6. News
  7. Summary
    STLA   NL00150001Q9

STELLANTIS N.V.

(STLA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

REUTERS NEXT-EV industry must work closer with lithium suppliers, executives say

12/01/2021 | 03:35pm EST

Dec 1 (Reuters) - Automakers must work closer with lithium producers to guarantee supply of specialized types of the white metal that boost an electric vehicle's range and performance, Albemarle Corp and Livent Corp executives told the Reuters Next conference https://reutersevents.com/events/next on Wednesday.

As EVs go mainstream, automakers are planning models that can run longer before recharging and handle different weather conditions. Batteries for such EVs typically are made with a type of lithium known as hydroxide that cannot be stored for long periods of time and thus must be made in custom batches.

As such, producing it requires extensive investment and planning, which lithium producers are hesitant to do even as prices rise https://www.reuters.com/markets/commodities/soaring-lithium-prices-spur-changes-supply-contracts-2021-11-23 unless automakers sign long-term contracts and share development plans, Albemarle lithium division head Eric Norris and Livent Chief Executive Paul Graves said on a Reuters Next panel.

"It's very important that we have the kind of relationship and transparency with (automakers) in order to not put them in a situation where they don't have the product available that they need," said Norris, who joined Albemarle in 2018.

"We need certain economics to be able to continue to grow."

Without such coordination, the auto industry may not have enough of the type of lithium needed to make EVs run longer, thus making them less appealing to consumers.

Global demand for lithium last year was about 320,000 tonnes. Most industry consultants expect that to hit 1 million tonnes by 2025 and 3 million tonnes by the end of the decade.

"There may be periods where there is just insufficient lithium available to meet exactly what every (automaker) is trying to do," said Graves, who has run Livent since it was spun off from FMC Corp in 2018.

"The demand side of the equation has to be very thoughtful about what its business plans are over the next three or four years."

NEW TECHNOLOGY

General Motors Co, Stellantis NV and others signed supply agreements https://www.reuters.com/business/sustainable-business/automakers-funding-new-tech-aimed-making-greener-lithium-evs-2021-10-07 this year with so-called direct lithium extraction (DLE) start-ups promising to sustainably produce lithium from geothermal brines in California and Germany. Bill Gates' Breakthrough Energy Ventures has also invested https://www.reuters.com/article/lake-resources-funding-lilac-idCNL4N2QN3J5 in a DLE company.

DLE technologies differ, but they each promise a one-size-fits-all approach to extract the metal from any geological deposit across the globe, a tantalizing prospect for an automotive industry hungry for more supply.

But DLE technologies also typically cost more and use more energy than evaporation ponds, which use solar power to produce lithium. Both executives said DLE works best when engineered for a specific lithium deposit, a factor that likely will curb enthusiasm for it.

"You need to look at the facts when you look at what's being promoted as being more sustainable," Norris said of DLE. "It's usually focusing on one element of that sustainability and not on the whole picture."

Livent itself uses a type of DLE technology in Argentina alongside evaporation ponds, a tailor-made approach that works at that operation but might not work elsewhere, Graves said.

"There's a hope that there's been a technological breakthrough that is going to suddenly release all of this abundant lithium at incredibly low cost into the world," he said. "But the rules of chemistry and physics don't bend very easily."

To watch the Reuters Next conference, register here: https://reutersevents.com/events/next/

(Reporting by Ernest Scheyder; additional reporting by Clara Denina Editing by Nick Zieminski)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
NIKKEI 225 -1.28% 28124.28 Real-time Quote.-2.32%
STELLANTIS N.V. -0.19% 18.974 Delayed Quote.13.71%
All news about STELLANTIS N.V.
01/13S.Korea's LG Energy Solution plans U.S. battery JV with Honda -report
RE
01/13Court rejects Tesla push to reinstate higher U.S. fuel economy penalties
RE
01/13STELLANTIS : Gets a Buy rating from Jefferies
MD
01/11Renault hires two ex-PSA executives for its engineering division -sources
RE
01/11Aptiv to bulk up software offerings with $4.3 bln Wind River deal
RE
01/10STELLANTIS : Goldman Sachs remains its Buy rating
MD
01/09NEWS HIGHLIGHTS : Top Company News of the Day
DJ
01/07A Sleeping Giant Awakens (Maybe?) – "Environmental" Enforcement Of Title VI Of Th..
AQ
01/06Rivian Shares Briefly Fall Below IPO Price, Extending Losses Into Second Day After Stel..
MT
01/06Rivian Shares Dip Below IPO Price
DJ
More news
Analyst Recommendations on STELLANTIS N.V.
More recommendations
Financials
Sales 2021 147 B 168 B 168 B
Net income 2021 10 378 M 11 845 M 11 845 M
Net cash 2021 13 925 M 15 894 M 15 894 M
P/E ratio 2021 5,60x
Yield 2021 5,22%
Capitalization 59 442 M 67 895 M 67 847 M
EV / Sales 2021 0,31x
EV / Sales 2022 0,25x
Nbr of Employees 204 000
Free-Float -
Chart STELLANTIS N.V.
Duration : Period :
Stellantis N.V. Technical Analysis Chart | STLA | NL00150001Q9 | MarketScreener
Technical analysis trends STELLANTIS N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 18,97 €
Average target price 23,17 €
Spread / Average Target 22,1%
EPS Revisions
Managers and Directors
Carlos Tavares Chief Executive Officer & Executive Director
Richard Keith Palmer Chief Financial Officer
John Jacob Philip Elkann Chairman
Harald J. Wester Chief Engineering Officer
Ned Curic Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
STELLANTIS N.V.13.71%67 895
BYD COMPANY LIMITED-1.05%109 452
FERRARI N.V.-5.19%45 107
SAIC MOTOR CORPORATION LIMITED-3.93%36 046
MARUTI SUZUKI INDIA LTD8.86%32 954
EXOR N.V.-1.34%20 956