First Cobalt aims to build North America’s first specialist facility for the production of cathode chemicals such as electric vehicle battery materials.
Canada’s First Cobalt aims to create North America’s first specialist facility for the production of cathode chemicals such as electric vehicle battery materials, it said on Sunday, as it announced a name change to Electra Battery Materials.
Automakers are rushing to boost their electric vehicle offerings, which require quick and easy access to materials such as cobalt and nickel, which are used to make the lithium-ion rechargeable batteries that power these cars. Goes.
Some battery metals, such as nickel and cobalt, are already produced in North America, but the Electra facility may be the first dedicated exclusively to EV battery materials.
The company is aiming to produce battery-grade nickel and cobalt and precursor chemicals for the cathode component of the battery for North America.
First Cobalt also announced a name change to Electra Battery Materials.
Chief executive Trent Mell expects Electra to produce cobalt sulfate by the fourth quarter of next year, which is also when its expanded hydrometallurgical battery recycling facility will produce 5,000 tons of cobalt.
“Globalization has created an electric vehicle supply chain that is too long, too expensive and increasingly unreliable,” Mel said.
“Our automaker has a strong interest in greater localization of the supply chain to ensure customers achieve greater reliability, longer-term supply security and a lower carbon footprint.”
Electra is in talks to secure nickel for its nickel sulfate facility in 2024-25, which, combined with its near-term cobalt production, will require enough raw materials to make more than 1.5 million electric vehicles a year. can supply.
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The Biden administration’s 100-day review of critical supply chains said earlier this year that the US government should invest in nickel refining capacity in coordination with its allies.
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