SHANGHAI, Nov. 3 (SMM) - Sumitomo Metal Mining Co., Ltd. has decided to make additional investment to increase production capacity of lithium nickel oxide, in response to demand expansion for such batteries in automobiles, the company said in a statement released on its website.
The company has been expanding its production of cathode materials for rechargeable batteries (high-performance lithium nickel oxide) developed jointly with Panasonic Corporation
At this time, it has decided to newly increase its production facilities for lithium nickel oxide at its Isoura Plant(in Niihama City, Ehime Prefecture) and Harima Refinery (in Harima-cho, Kako-gun, Hyogo Prefecture), along with Panasonic’s expansion of its production of lithium ion rechargeable batteries.
The corresponding investment will total about 18 billion yen, and the capacity increase is slated for completion in January 2018.
As a result of this increase, Sumitomo’s monthly production capacity for lithium nickel oxide will rise from the current 1,850 tonnes to 3,550 tonnes.
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