Battery Material

Shanghai Putailai (PTL) has canceled its plans for the construction of a 1.3-billion-dollar anode factory with an annual capacity of 100,000 tons in Sweden.

Ascend Elements and the U.S. Department of Energy have agreed to cancel a 164-million-dollar grant for the production of cathode active material (CAM) in Kentucky.

Japanese mineral oil company Idemitsu Kosan intends to build a lithium sulfide plant for electrolytes for future solid-state batteries, first to be used in electric vehicles from Toyota.

South Korean company SK IE Technology (SKIET) has signed an agreement with battery manufacturer Gotion to supply separators for electric vehicle and energy storage batteries in North America and Europe.

Syrah Resources from Australia has signed a multi-year agreement with electric vehicle manufacturer Lucid for a US-sourced supply of natural graphite anode material, to take effect in 2026.

Israeli raw materials group ICL is planning to build a production facility for lithium iron phosphate (LFP) cathode material in Spain for approximately 285 million euros.

The U.S. Department of Energy has awarded Standard Lithium and Equinor a 225-million-dollar grant for their joint lithium project in Arkansas.

Battery material manufacturer Vianode has signed a long-term, multi-billion dollar supply contract for synthetic graphite with General Motors.

Vulcan Energy has produced battery-grade lithium hydroxide monohydrate for the first time at its central lithium electrolysis optimization plant in the Frankfurt-Höchst industrial park.