GEM's High-Nickel Materials For Solid-State Batteries Achieve Ton-Level Shipments

Electra Battery Materials (NASDAQ, TSXV: ELBM) has signed a fresh deal with LG Energy Solution that would see the company supply battery-grade cobalt to the South Korean firm through at least 2029. The parties on Tuesday signed a new term sheet outlining Electra’s commitment to supplying 60% of the cobalt sulfates produced at its Ontario refinery, which is currently under construction. The supply agreement is valid through 2029, plus a three-year extension option. This agreement follows an initial three-year agreement signed in 2022 and the subsequent five-year extension announced in July 2023, reflecting Electra’s updated production timelines under the contract.

Recently, the groundbreaking ceremony for the Jingshan 200 MW/400 MWh power-grid-side standalone ESS project, located in Duruan Town, Pengjiang District, was successfully held, marking the full commencement of construction on this key provincial and municipal new-type ESS power station project. As the province’s first energy storage project approved for national policy-based financial instruments, and also the country’s first 100-megawatt-class technical demonstration project for colloidal LFP ESS batteries, the Jingshan energy storage project has a total investment of over 500 million yuan, a total installed capacity of 200 MW/400 MWh, and covers an area of approximately 50 mu. It is located on the north side of the 220 kV Jingshan substation in Duruan Town. The commencement of the Jingshan energy storage project is an important measure by Pengjiang District to actively integrate into the city’s “13158” new-type industrial system.

On March 10, the Ministry of Industry and Information Technology issued the "Notice on Launching the Industrial Data Foundation-Building Initiative to Carry Out Pilot Projects for Constructing High-Quality Industry Datasets Oriented Towards Artificial Intelligence Enablement." Leading enterprises in key industries such as steel and automotive were selected to spearhead efforts, focusing on advancing key industry data technology breakthroughs, developing industry data standards, creating high-quality industry datasets, and facilitating the implementation of data application scenarios.