BHP Delivers First EV Battery Raw Material Nickel Sulfate Crystals From Kwinana, Auto News, ET Auto

0


[ad_1]

The demand for raw materials for electric vehicles has increased sharply this year, with increasing demand from the supply chain for battery materials.

BHP Group Ltd said on Friday that its Kwinana nickel sulfate plant outside Perth produced its first nickel sulfate crystals, as the world’s largest miner aims to tap the booming demand for batteries from electric vehicles.

When fully operational, the plant will produce 100,000 tonnes per year of nickel sulfate, enough to manufacture 700,000 electric vehicle batteries each year, the company said in a statement.

The demand for raw materials for electric vehicles has increased sharply this year, with increasing demand from the supply chain for battery materials. Nickel sulfate, a key chemical for batteries, has much higher margins than nickel metal.

The global miner had signed a nickel supply agreement with Tesla Inc earlier this year to work with the electric automaker on reducing carbon emissions.

The Kwinana refinery will create 80 new direct jobs and support 400 new indirect jobs, as well as the 200 construction jobs that were created during the construction phase, said President of Assets Jessica Farrell.

Read also :

The United Auto Workers (UAW), which represents approximately 150,000 hourly workers at the US factories of General Motors Co, Ford and Chrysler’s parent company, Stellantis NV, is working to represent workers in battery factories. Union leaders said Ford has a “moral obligation” to ensure that jobs in battery factories are well-paying union jobs.

CATL earlier this month had made a C $ 3.85 per share cash offer, Argentina-focused Millennial Lithium said, outbid the C $ 3.60 per share offer made in July by Ganfeng, one of the world’s largest producers of lithium chemicals used in electric vehicles (EVs).

[ad_2]

Leave A Reply

Your email address will not be published.