Lithium mining production hit by COVID-19 pandemic; significant loss in supply estimated for 2020
The restrictions in place to counter the spread of COVID-19 has played the role of a disruptor in many crucial sectors. The shift in the balance of power for the evolving lithium supply sector over the last few years, from the dominance of brine producers to hard rock spodumene mining activities, have however suggested that the mineral industry is better suited to the current ebbs and flows of
Vanadium Flow Battery startups Avalon and redT announce merger, newly merged entity to be called “Invinity Energy Systems”
In a deal deemed to create a potential market leader in the Vanadium Redox Flow Battery (VRB) space, US-based Avalon Battery and UK-based redT announced in March this year that the new company after completion of their proposed merger would be called Invinity Energy Systems.
The new company, with estimated valuations of around 70.95 USD million, would be using the valued manufacturing ex