[SMM compiled] Foreign giants speed up battery production to challenge the right to speak of cobalt and lithium in China-Shanghai Metals Market

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[SMM compiled] Foreign giants speed up battery production to challenge the right to speak of cobalt and lithium in China

Translation 07:43:43PM Nov 02, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM11, March 2: chemical giant BASF (BASF) has chosen Finland's Harjavalta as its first European auto market to supply battery materials, according to DesignNews. It is reported that the plant has nickel and cobalt refineries, adjacent to the Norilsk nickel company (Norilsk Nickel). Refineries can not only mine and process cobalt, but also develop nickel and cobalt cathodes for the expanding European electric vehicle market.

Jeffrey Lou, senior vice president of battery materials at BASF, said the co-location of BASF's new plant and the Noel Metal Refinery in Harjavalta, Finland, had superimposed the supply effects of nickel and cobalt. BASF's high nickel cathode material will be key to providing customers with enhanced energy density and vehicle range. With this world-class production facility, BASF will be able to provide reliable supply and close cooperation to major OEM manufacturers and battery suppliers in Europe.

It is reported that the investment is part of BASF's 400 million euro ($462 million) plan announced last year, which is based on the production of battery-grade cobalt from the Harjavalta project, which began in 2018. About 3 per cent of the world's cobalt production comes from Finland.

The new plant is scheduled to start by the end of 2020 and can supply 300000 electric vehicles a year. The BASF plant in Harjavalta will also use locally produced renewable energy sources such as hydropower, wind and biomass.

(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)

Key Words:  Lithium  batteries  cars  new energy. 

[SMM compiled] Foreign giants speed up battery production to challenge the right to speak of cobalt and lithium in China

Translation 07:43:43PM Nov 02, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM11, March 2: chemical giant BASF (BASF) has chosen Finland's Harjavalta as its first European auto market to supply battery materials, according to DesignNews. It is reported that the plant has nickel and cobalt refineries, adjacent to the Norilsk nickel company (Norilsk Nickel). Refineries can not only mine and process cobalt, but also develop nickel and cobalt cathodes for the expanding European electric vehicle market.

Jeffrey Lou, senior vice president of battery materials at BASF, said the co-location of BASF's new plant and the Noel Metal Refinery in Harjavalta, Finland, had superimposed the supply effects of nickel and cobalt. BASF's high nickel cathode material will be key to providing customers with enhanced energy density and vehicle range. With this world-class production facility, BASF will be able to provide reliable supply and close cooperation to major OEM manufacturers and battery suppliers in Europe.

It is reported that the investment is part of BASF's 400 million euro ($462 million) plan announced last year, which is based on the production of battery-grade cobalt from the Harjavalta project, which began in 2018. About 3 per cent of the world's cobalt production comes from Finland.

The new plant is scheduled to start by the end of 2020 and can supply 300000 electric vehicles a year. The BASF plant in Harjavalta will also use locally produced renewable energy sources such as hydropower, wind and biomass.

(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)

Key Words:  Lithium  batteries  cars  new energy.