Under a new deal, BASF is to produce cathode active materials (CAMs) from recycled metals from its site at Battle Creek, Michigan, for use in Li-ion battery cells produced by Nanotech Energy, a US specialist in graphene-based energy storage products. The two will also partner with American Battery Technology (ABTC), a Li-ion battery recycling company in Nevada, and Toda Advanced Materials, an Ontario firm which produces CAM precursors (pCAMs) and metal hydroxide material, to establish a battery value chain for the North American consumer electronics and automotive industries.
Cabot has announced plans for a new technology centre in Münster, Germany, which will focus on technical collaboration with customers on its battery material product lines for electric vehicles (EVs). This is due to begin operations by April 2023, with a planned expansion to be completed in 2024.
Three South Korean conglomerates have announced major investments into battery materials in the past month, in anticipation of projected market growth from under €30 billion/year in 2021 to nearer €75 billion in 2026. SK Materials is to build a lithium-silicon battery materials, while Posco Chemical will build a cathode materials plant and LG Chem has even bigger, longer-term plans.