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.