LithiumIonBatteries

Legal Tussle: BASF Files Lawsuit Against Warren Buffett's Duracell Over Lithium-Ion Battery Trade Secrets

7 days ago

In a notable legal development, BASF, the industrial behemoth renowned for its chemical manufacturing prowess, has initiated a lawsuit against Duracell, a subsidiary of Berkshire Hathaway led by the legendary investor Warren Buffett. This legal confrontation emerges amid an intensifying competition within the lithium-ion battery market, a sector pivotal to the development of technologies spanning electric vehicles to renewable energy storage.

Sudden Export Ban from Congo Sends Cobalt Stocks Soaring in China

2 months ago

In a surprising turn of events, the Democratic Republic of Congo, one of the world’s largest producers of cobalt, has announced an unexpected ban on the export of the mineral. This move has sent shockwaves throughout the global markets, particularly impacting the cobalt sector. As a primary component in lithium-ion batteries, cobalt plays an essential role in various industries, including electric vehicles and renewable energy storage, making its supply critically important.

The Aviation Industry Implements New Battery Charger Regulations Following Korean Air Jet Incident

2 months ago

In response to a recent fire incident involving a Korean Air jet, aviation authorities have introduced new rules regarding the use of battery rechargers on aircraft. The move aims to enhance passenger safety and prevent similar occurrences in the future.