China's key lithium-ion battery cathode active material (CAM) manufacturer Beijing Easpring Material Technology and CAM precursor producer CNGR Advanced Material today signed an agreement to deepen their partnership in battery material projects.
The projects include a laterite nickel ore mining facility in Indonesia, an lithium iron phosphate (LFP) investment in China, layout of production capacities in Europe and developments of CAM and precursor products.
Easpring is on track to join a laterite nickel mining project planned and constructed by CNGR in Indonesia, of which the first phase is designed to have a capacity of 60,000 t/yr of nickel equivalent. More details including the investment values, construction schedules, launch dates and the second phase were undisclosed.
Easpring and CNGR will invest in production facilities for iron phosphate, a LFP plant with a combined capacity of no less than 300,000 t/yr, and will develop phosphorus resources and a phosphorus chemical supporting facility in southwest China's Guizhou province.
The two firms will also accelerate layout of CAM and CAM precursor production in the overseas market and push forward production facility construction in Europe by holding each other's stakes in their European companies.
Easpring is on track to build its European CAM joint facility with Finnish Minerals and South Korean lithium-ion battery producer SK. The first phase of the project is planned to have 100,000 t/yr of capacity for lithium...
Read Full Story: https://www.argusmedia.com/en/news/2278792-chinas-easpring-to-partner-cngr-on-ni-lfp-projects
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
