Search Results Found For: "raw material"

Trade group asks administration to reinstate tariffs on Chinese graphite, critical material for EV batteries

The North American Graphite Alliance (NAGA), which represents US and Canadian producers of battery-grade graphite, has submitted a request to US Trade Representative Katherine Tai to reinstate Section 301 tariffs on three graphite products from China. The group also commissioned a market report from Oxford Economics that explains the rationale behind reinstating the tariffs, and… Read more »

EcoPro wins 5-year high-nickel NCA cathode material supply contract with Samsung SDI

EcoPro BM, a South Korean cathode materials company, has won a 5-year, $33.4-billion (43.87 trillion KRW) contract to supply high-nickel NCA cathode material to battery manufacturer Samsung SDI. The contract runs from 2024 through 2028. The sales unit price for the actual transaction will be determined by applying the price of raw materials (nickel, cobalt,… Read more »

Epsilon Advanced Materials to build $650-million battery anode manufacturing facility in North Carolina

Epsilon Advanced Materials (EAM), an Indian battery materials manufacturer, will build a $650-million graphite anode manufacturing plant in Brunswick County in North Carolina. The company will start construction in 2024 and begin manufacturing in 2026, achieving full capacity by 2031. The plant will make high-capacity EV battery anodes using green technology. EAM is in talks… Read more »

Ara Partners acquires magnetic materials producer Vacuumschmelze

Texas-based investment firm Ara Partners has acquired magnetic materials manufacturer Vacuumschmelze (VAC) from asset management firm Apollo. No transaction terms were disclosed. Germany-based VAC is the largest Western manufacturer of sintered NdFeB EV-grade permanent magnets, and has manufacturing facilities in Slovakia, Finland, China and Malaysia. VAC signed a long-term deal with GM in January 2023… Read more »

Meeting the Challenges of EV Battery Manufacturing from a Material Handling Standpoint

This session will explore the various material handling challenges associated with EV-battery manufacturing – from raw materials through finished product. Additionally, solutions to the Top 5 challenges will be explored. Presented by: Will Peters, Sales and Applications Manager, VersaMove, mk North America, Inc. Cory Santor, Inside Sales Manager, Conveyors, mk North America, Inc. Scott Blais,… Read more »

American Battery Factory and First Phosphate to produce LFP cathode active material in North America

American Battery Factory (ABF) has partnered with Canadian mineral development company First Phosphate to produce more than 40,000 tons of lithium iron phosphate (LFP) cathode active material (CAM) annually for the battery storage sector in North America. The agreement envisions LFP CAM manufacturing of $500 million to $1 billion annually at future raw material costs…. Read more »

Altilium Metals produces cathode active materials from recycled EV batteries

UK-based tech group Altilium Metals has produced cathode active materials (CAMs) recovered from end-of-life EV battery scrap. The first samples have been delivered to Imperial College London, where the materials will be analyzed under a joint research program partly funded by the UK government’s Advanced Propulsion Centre (APC) through its Automotive Transformation Fund. Under the… Read more »

SK On partners with Westwater Resources to develop anode materials in US

South Korean battery manufacturer SK On has signed a joint development agreement (JDA) with US graphite company Westwater Resources (NYSE: WWR) as part of efforts to strengthen its battery raw material supply chain in North America. Under the agreement, the two companies will work together to develop environmentally responsible anode materials tailored for SK On… Read more »

Magnis to supply US-processed graphite anode material to Tesla

Tesla has entered into a Binding Offtake Agreement with Australia-based Magnis Energy Technologies, “a vertically integrated lithium-ion battery technology and materials company,” for anode active materials (AAM).   Magnis is developing a graphite mine in Tanzania where it plans to extract “ultra-high-purity natural flake graphite.” Tesla plans to purchase at least 17,500 tons per year (tpa)… Read more »