According to media reports, in an expansion of its Tongxiang site, South Korean company Posco is planning to build two new plants for electric vehicle battery materials in China. One plant is to be for cathode materials and another for precursors. Both are scheduled to go into operation in 2023.
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Blackstone Technology, the German subsidiary of the Swiss commodities company Blackstone Resources, has signed a cooperation agreement with IBU-Tec Advanced Materials. The Weimar-based company is to produce lithium iron phosphate cathode materials for Blackstone on its facilities.
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Johnson Matthey has a new partnership to show the eLNO cathode material technology in action. The company teamed up with Formula E team Envision Virgin Racing. They will co-develop what the companies consider the “first-ever” electric race car powered by JM’s new batteries.
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In the UK, the Faraday Institution has announced that it will award up to £55 million to five UK-based consortia for research on battery chemistries, systems and manufacturing methods. The research should accelerate battery improvements for transport and grid storage.
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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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