BASF is attempting to lower the nickel ratio in battery chemistry and also to work towards zero cobalt content. The goal is to reduce costs while supplying the growing market for cathode materials for electric vehicle batteries.
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The Belgian recycling and material company Umicore will be opening their announced first European cathode material factory in the Polish city of Nysa. The cathode materials will be used for EV batteries.
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Korea’s largest steelmaker Posco will build a second cathode production facility in the country next year. It will produce 6,000 tons of cathode a year before they are to expand production capacity to 50,000 tons by 2022.
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In a move to secure its cobalt supply for lithium batteries, Korea’s LG Chem has agreed to build two joint ventures with China’s Zhejiang Huayou Cobalt. The JVs are expected to start producing 40,000t a year of precursors and cathodes from 2020.
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