Australian junior miner Pure Minerals and Samsung SDI reached a non-binding memorandum of understanding (MOU). Under non-binding MOU Samsung SDI is to purchase 6,000 tons of nickel annually from Pure Minerals. The offtake agreement is for 3-5 years, and the total purchase volume may reach 18,000-30,000 tons. At present, the… Read More »Samsung SDI continues to secure its battery materials base
China’s electrolyte demand in Q3 2020 experienced a 45% increase from the previous quarter which in turn drove a substantial growth in demand for the lithium hexafluorophosphate with market demand increasing by more than 30% compared with the same period last year. On November 24th, the average prices for lithium… Read More »Battery’s electrolyte market experiences strong rebound in China
SK Innovation ranked third in the lithium-ion battery separator market. It is meaningful in that it increased its market share amid fierce competition among major companies for expansion. As of 2019, SK Innovation’s subsidiary SK IE Technology (SKIET) surpassed Japan’s Toray (9%) and ranked third in the separator market (10%).… Read More »SK Innovation overtakes Torray on battery’s separator market
SFA succeeded in winning an order for Samsung SDI battery equipment. The target is logistics and automation equipment. Following SK Innovation’s subsidiary, SK I Technology (SKIET), where it delivered a lithium-ion battery separator production equipment, it has secured a next large-scale customer. The target is the Hungarian Göd factory. It… Read More »SFA to supply battery manufacturing equipment to Samsung SDI
LG Chem is going to transform its plant in Poland to maintain the No. 1 position in electric vehicle (EV) battery business. It is planning to clear up the inefficiencies through continued battery expansion and yield normalization work. According to industry sources on the 21st, LG Chem dispatched a Task… Read More »Polish LG battery factory’s struggle to improve yields
POSCO Chemical announced on the 31st August that it has begun construction of the third phase expansion of the battery cathode material Gwangyang plant. It is 30,000 tons per year. By adding the existing factory, the cathode material production capacity will increase to 70,000 tons per year. The cathode materials… Read More »POSCO Chemical begins construction of a new battery cathode material plant
South Korean battery equipment makers are responding to the expansion of orders from Swedish battery maker North Volt. The main goal is to jointly receive financial support necessary for equipment export. According to the industry insiders Northvolt is considering a plan to give orders to South Korean battery equipment companies… Read More »Northvolt orders battery making equipment in South Korea
SK Innovation is developing a high-nickel electric vehicle (EV) battery with a nickel content of 98%. According to industry sources SK Innovation has established a roadmap for next-generation batteries with a significantly higher nickel content by 2030. It is characterized by hardly using any cobalt. In the long run, products… Read More »“No-cobalt” batteries from SK Innovation
European countries are actively fostering the battery industry. The reason is that it is not possible to rely solely on Korea, China, and Japan for batteries, being a key parts of electric vehicles (EV). European battery industry is expected to become a new growth engine for the Asian battery equipment… Read More »Battery equipment companies target European market
Battery cathode material makers are continuing their investment. This is because the production of battery cells increased due to the launch of new EV models, which call for more cathode materials. The expansion and new investment of four major cathode material companies in South Korea are continuing this year. Ecopro… Read More »Cathode materials producers keep on expanding