Skip to main content

LG Chem in GM cathode material deal

Under a new supply contract worth about $18.7 billion, LG Chem will supply  General Motors (GM) with over 500,000 tonnes of cathode materials from its new plant in Tennessee between 2026 and 2035. This equates to powering 5 million units of high-performance pure electric vehicles (EVs) with a range of 500 km on a single charge.

Umicore in Canada CAM plant deal

Umicore is to build a facility for cathode active materials and their precursors in Loyalist, Ontario. Construction is due to start in 2023 with operations beginning in 2025. By 2050, it will produce enough to power about one million electric vehicles. The plant will be run entirely on renewable energy.

BASF, Umicore in CAM patent deal

BASF and Umicore have entered into a non-exclusive patent cross-license agreement covering a broad range of cathode active materials (CAMs) and their precursors. CAMs are used in lithium-ion batteries and both firms have been investing in them heavily, creating what they called “sizeable and largely complementary patent portfolios”.

Subscribe to CAMs