#BASF and #Norilsk #Nickel enter exclusive negotiations to cooperate on raw material supply for battery materials production in #Europe
#BASF and PJSC MMC #Norilsk Nickel (Nornickel) announced today that they have signed a Memorandum of Understanding and entered exclusive negotiations to cooperate on the supply of raw materials for future battery materials production for #Lithium-ion batteries in #Europe. BASF intends to invest up to EUR400 million in a first step to build industry-leading production plants for cathode materials in Europe. Through the prospective agreement, BASF would receive the raw materials from the #Nornickel metal refinery in Harjavalta, #Finland. Nornickel would also provide a secure supply of #Nickel and #Cobalt feedstock from its #Russian mines at market prices. Along with its leading raw materials position, Nornickel also brings significant metals refining and trading experience to the cooperation.
Read more at: http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=s2qjjplt&ArticleHeadline=MMC_Norilsk_Nickel_BASF_and_Norilsk_Nickel_enter_exclusive_negotiations_to_cooperate_on_raw_material_supply_for_battery_materials_production_in_Europe
Very much Informative. I love your blogs and already a follower of it. I think that when it comes to raw material so its very necessary for new business to have raw materials that perfectly resembles their business and provides complete solution to connect with its consumers.