Canada-based NEO Battery Materials has signed a four-year offtake agreement and a joint development agreement (JDA) with a North American lithium-ion battery company specializing in performance-intensive, specialty applications, including unmanned aerial systems (UAS), drones and defense-related mobile systems. Under the offtake deal, the customer has committed to a total purchase volume of 50 tons of… Read more »
Search Results Found For: "raw material"
POSCO FutureM completes its battery cathode materials portfolio
South Korean battery materials firm POSCO Future M, a subsidiary of steelmaking giant POSCO, says it has completed the pilot development of cathode material portfolio for all EV classes. The company has developed ultra-high-nickel cathode materials for premium EVs and high-voltage mid-nickel cathode materials for standard EVs. The materials for batteries in premium EVs maximize… Read more »
Nascent Materials raises $2.3 million to advance US-based EV battery cathode production
Nascent Materials, a battery materials startup specializing in lithium-ion cathode manufacturing, announced it has completed a $2.3 million seed funding round led by SOSV, with additional backing from the New Jersey Innovation Evergreen Fund and UM6P Ventures. The Newark, New Jersey-based company aims to commercialize a proprietary manufacturing approach for cathode materials used in lithium-ion… Read more »
Idemitsu Kosan to increase lithium sulfide production for solid-state battery materials
Japanese petroleum company Idemitsu Kosan plans to construct a large-scale production facility for lithium sulfide, an intermediate raw material for the mass production of all-solid-state battery materials The company will expand its lithium sulfide production capacity to the equivalent of 3 GWh of storage batteries annually and establish an integrated value chain from raw materials… Read more »
MP Materials establishes rare earth magnet production in the US
MP Materials produces specialty materials that are vital inputs for the EV and renewable energy industries (see our feature article from March 2024). The company is expanding its manufacturing operations downstream to provide a full supply chain solution from raw materials to magnetic products. Now MP Materials says it has reached a pivotal milestone in… Read more »
Group14 receives $200-million DOE grant to build US silane plant for silicon-based battery materials
US-based silicon battery materials manufacturer Group14 Technologies has received a $200-million grant from the US Department of Energy (DOE) through the Office of Manufacturing and Energy Supply Chains to build a silane plant in the US to diversify and strengthen the US battery supply chain. Silane is a key component in the materials for lithium-ion… Read more »
Cyclic Materials and SYNETIQ partner to recycle rare earth elements from vehicle motors
Canada-headquartered metals recycler Cyclic Materials has signed a collaboration agreement with SYNETIQ, a UK-headquartered vehicle salvage and recycling company, for the recycling of end-of-life electric motors containing rare earth elements. The motors to be supplied by SYNETIQ include hybrid and EV drive motors, as well as auxiliary motors found in all vehicles. To help meet… Read more »
Nexeon starts construction of a silicon anode material production site in Korea
Nexeon, a maker of silicon anode materials for lithium-ion batteries, has begun construction of a commercial production facility in Gunsan, South Korea. The site is located next to a facility operated by OCI, one of the largest silane gas producers outside China, ensuring a stable and cost-effective source of raw material supply. The dedicated silane… Read more »
Element 25 secures US site for EV battery materials plant
Element 25 (E25) has agreed with Veolia North America to secure a site for its planned high-purity manganese sulphate monohydrate (HPMSM) refinery in Louisiana. The plant will have the capacity to produce 135,000 tons of HPMSM annually for US EV battery manufacturing, in partnership with automakers GM and Stellantis. GM has committed $85 million in… Read more »
MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation
Q&A with MP Materials’ Matt Sloustcher. There’s much hand-wringing in the press these days about battery raw materials such as lithium, cobalt and nickel. However, save some of your anxiety for rare earth materials. These elements (which are not particularly rare, but seemed so to the scientists who named them back in the 18th century)… Read more »