Umicore has signed a multi-year strategic agreement with Samsung SDI for the supply of close to 80,000 metric tonnes of high-performance NMC (Nickel Manganese Cobalt) cathode materials starting in 2020. Umicore announces strategic supply agreement with Samsung SDI for NMC cathode materials Furthermore, it underscores that a sustainable battery value chain is taking shape and demonstrates the commitment of key industry players to support the growing penetration of EVs globally.” “I am very pleased to have signed this agreement with Samsung SDI which marks another key milestone in the consistent execution of our long-term growth strategy. "The agreement provides Samsung SDI security of supply to accomodate their fast-growing lithium-ion battery business in Europe and Asia, particularly in automotive applications." A vast portion of the volumes are intended for automotive applications and a smaller part for energy storage systems." "The cathode materials will be supplied from Umicore plants in different regions with the majority of volumes initially produced in Korea. For comparison, LG Chem ordered 125,000 metric tonnes. In the case of Samsung SDI, the volume will be 80,000 metric tonnes over several years, starting in 2020. Winsome flagged high- grades of lithium up to 5.6% detected near-surface in initial assay results at its Cancet project in Quebec.Umicore To Supply NMC Cathode Materials For LG Chem Batteries Only 3 stocks were in the green, 17 flatlined and a whopping 108 were in the red. Lithium stocks missing from our list? Shoot a friendly mail to Ī sea of red today. Here’s how ASX lithium stocks were tracking today: “Localised, clean and secure supply chains are critical for the success of the energy transition that is now underway, and this requires partnerships with innovative companies like Nano One to help us differentiate, disrupt and accelerate the path to a net-zero future,” MD of Rio’s Battery Materials portfolio Marnie Finlayson said.Ĭanada’s Minister of Natural Resources the Honourable Jonathan Wilkinson says critical minerals are a generational opportunity for Canada, and that the partnership is “an example of the collaboration we need to develop a globally competitive supply chain that will position Canada to lead in the global energy transition.” Rio says it will also contribute know-how from its Critical Minerals and Technology Centre, which has developed a unique expertise in the extraction and processing of critical minerals such as lithium and scandium, as well as minerals from Canada, the United States, and other international sources to further drive localisation of the lithium-ion battery value chain. The mining giant has also made a US$10m strategic equity investment for an approximate 4.9% stake in the company.Īlong with the partnership, this is expected to accelerate Nano One’s Nano One’s patented One Pot Process and metal to cathode active material (M2CAM) technologies form a unique manufacturing platform that enables nickel-rich (NMC), iron-rich (LFP) and manganese-rich (LNMO) lithium-ion cathode active materials to be made sulphate-free from a range of battery metal sources with fewer steps, lower costs, less complexity and a much smaller environmental footprint. Rio Tinto (ASX:RIO) has teamed up with Canadian lithium-ion battery cathode producer Nano One (TSX:NANO) to provide iron and lithium products for its manufacturing process. Xantippe almost doubles its footprint of lithium brine tenements in Argentina, againĪll your ASX lithium news for Tuesday, June 14.Winsome flags high-grade lithium up to 5.6% near-surface at Cancet.Rio has partnered with Nano One to provide iron and lithium products for cathode production.
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