Trump Threatens 'Big Problems' for Zelensky if Mineral Deal Falls Through
US President Donald Trump has warned Ukrainian President Volodymyr Zelensky of "big problems" should he withdraw from the rare earth minerals deal between the two countries
German automotive giant BMW has announced that it has signed a deal with a Chinese supplier to cover all its lithium needs for battery electric vehicles over the next five years.
“The projected order volume totals €540 million. In this way, the BMW Group is securing 100% of its lithium hydroxide needs for fifth-generation battery cells in its high-voltage batteries.
Alongside cobalt, lithium is one of the key raw materials for electromobility. With the signing of this contract, we are securing our lithium needs for battery cells. We aim to have 25 electrified models in our line-up by 2023 and more than half will be fully electric. Our need for raw materials will continue to grow accordingly. By 2025, for lithium alone, we expect to need about seven times the amount we do today.” Andreas Wend, a BMW board member responsible for the deal said.
Due tot the rigorous new EU emissions regulations from next year and the growing public concern about climate change, BMW - like other German car makers - plans to produce a number of all-electric and hybrid car models in the coming years.
The group is expected to offer 25 electrified vehicles in its lines by 2023 - more than half fully battery-powered.
"Our need for raw materials will continue to grow [...]. By 2025, for lithium alone, we expect to need about seven times the amount we do today," Wend said.
The extraction of metals vital for the production of batteries, such as cobalt and lithium, has been subject to increased public scrutiny since car manufacturers around the world began to increase their proposals for electric vehicles.
BMW said Ganfeng's lithium is being mined in Australia according to the "strictest standards of sustainability".
In the meantime, it became clear that next year, the company’s cobalt battery will come directly from mines in Australia and Morocco.
Inspections carried out along Bulgaria’s Black Sea coast this summer have uncovered irregularities at roughly every tenth commercial site, according to Ivan Videlov
Apartment prices in Bulgaria's major cities continue their upward trend, according to recent figures from a real estate market consultancy
Wizz Air, recognized as the most environmentally efficient airline in the Europe, Middle East and Asia region*, has announced a new addition to its flight network
Bulgaria continues to hold a leading position in the European Union when it comes to the share of women working in the information technology sector
According to data from the National Revenue Agency (NRA), just 4,329 Bulgarian citizens have reported owning real estate abroad in their 2024 declarations
Lyudmila Elkova underscored that joining the eurozone goes beyond mere procedural steps
Operation Rising Lion: Why and How Israel Attacked Iran
EU Population Grows by Over a Million, While Bulgaria Continues to Shrink