Sumitomo Metal Mining to Increase Lithium Nickel Oxide Production for Growing Demand-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Futures movement
  • Copper
  • Aluminium
  • Inventory data
  • Lead
  • Evening comments
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Li-Ion Battery Cathode Material
  • Morning comments
  • Customs data
  • Silicon
  • Nickel

Sumitomo Metal Mining to Increase Lithium Nickel Oxide Production for Growing Demand

Company News 04:28:04PM Nov 03, 2016 Source:SMM

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.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Price

more
SMM #1 Nickel
Apr.19
100750.0
-850.0
(-0.84%)
#1 JinChuan Nickel
Apr.19
101550.0
-675.0
(-0.66%)
#1 Import Nickel
Apr.19
99950.0
-1025.0
(-1.02%)
JinChuan B&C
Apr.19
2500.0
300.0
(13.64%)
Russian nickel premium
Apr.19
875.0
-75.0
(-7.89%)

Sumitomo Metal Mining to Increase Lithium Nickel Oxide Production for Growing Demand

Company News 04:28:04PM Nov 03, 2016 Source:SMM

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.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.