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capacity expansions continue in Asia & Europe to meet 2022 & 2023 demand","cathode-capacity-expansions-continue-in-asia-europe-to-meet-2022-2023-demand","article/cathode-capacity-expansions-continue-in-asia-europe-to-meet-2022-2023-demand",{"_uid":557,"date":558,"tags":559,"editor":560,"content":570,"excerpt":635,"featured":50,"reporter":636,"_editable":640,"component":641,"seo_title":553,"categories":642,"visibility":646,"author_company":49,"featured_image":647,"seo_description":635,"author_full_name":49,"author_job_title":49,"formattedDate":652,"formattedArticleDate":653},"f4b094f6-87bd-47ae-b9ac-b49103a02fef","2020-06-19 00:00",[],[561],{"slug":562,"name":563,"content":564},"matthew-bird","Matthew Bird",{"job_title":565,"image":566,"bio":568,"linkedin":569},"Senior Editor - Supply Chains & Data Visualisation",{"filename":567},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":571,"content":572},"doc",[573,580,585,590,595,600,605,610,615,620,625,630],{"type":574,"attrs":575,"content":576},"paragraph",{"textAlign":49},[577],{"text":578,"type":579},"This week we have seen leading cathode producers Umicore, POSCO and BASF reaffirm plans as part of their wider cathode capacity buildouts. These leading cathode producers continue to make progress in ramping up capacity to meet future lithium ion cell demand despite short-term fears surrounding the economic fallout from Covid-19.","text",{"type":574,"attrs":581,"content":582},{"textAlign":49},[583],{"text":584,"type":579},"Umicore this week confirmed its €125 million loan from the European Investment Bank (EIB), which forms part of the European Commission’s wider push supply chain push.",{"type":574,"attrs":586,"content":587},{"textAlign":49},[588],{"text":589,"type":579},"The EIB loan is being used by Umicore to finance the construction of its cathode manufacturing plant in Nysa, Poland, and will see the Belgian producer expand its cathode footprint in Europe.",{"type":574,"attrs":591,"content":592},{"textAlign":49},[593],{"text":594,"type":579},"Data from Benchmark’s Cathode Market Assessment shows that the Nysa plant has two NCM (nickel cobalt manganese) lines under construction. The first line is due to begin production in 2022 will have a capacity of 10,000 tpa and is due to be followed by a second high-nickel line by 2023, taking total capacity to 25,000 tpa.",{"type":574,"attrs":596,"content":597},{"textAlign":49},[598],{"text":599,"type":579},"While Umicore is focused on building out its European capacity, Benchmark’s assessment shows that the group also has a further 8,000 tpa of NCM 811 capacity due to come online in China in 2022.",{"type":574,"attrs":601,"content":602},{"textAlign":49},[603],{"text":604,"type":579},"Umicore is not the only manufacturer building out its European capacity as Germany’s BASF confirmed it remains on schedule to bring its Schwarzheide, Germany, cathode plant online by 2022. The Schwarzheide facility, which is currently under construction, will have 10,000 tpa of high-nickel capacity according to Benchmark’s Cathode Assessment.",{"type":574,"attrs":606,"content":607},{"textAlign":49},[608],{"text":609,"type":579},"BASF has also started construction of its precursor active material plant in Harjavalta, Finland, which will feed into the Schwarzheide cathode site. Last year BASF and Norilsk Nickel established a strategic cooperation for the supply of nickel and cobalt. This cooperation was further developed in March this year as BASF, Norilsk Nickel and Fortum signed an agreement to build an agreement to build a battery recycling centre in Finland, which will feed into the Harjavalta factory and ultimately cathode production in Germany.",{"type":574,"attrs":611,"content":612},{"textAlign":49},[613],{"text":614,"type":579},"BASF’s cathode manufacturing capacity is centred in its Japanese production facility in Onoda. When the company’s Schwarzheide facility comes online total capacity will increase by over 30%.",{"type":574,"attrs":616,"content":617},{"textAlign":49},[618],{"text":619,"type":579},"While expansions from BASF and Umicore have been focused on increasing their high nickel NCM and NCA cathode capacity, POSCO announced this week that it will soon begin commercial production of NCMA cathodes (nickel cobalt manganese aluminium).",{"type":574,"attrs":621,"content":622},{"textAlign":49},[623],{"text":624,"type":579},"POSCO’s current capacity expansions are currently geared towards NCM 622/811 cathode chemistries but the company has planning a move into NCMA for the past 12 months.",{"type":574,"attrs":626,"content":627},{"textAlign":49},[628],{"text":629,"type":579},"POSCO already has bold ambitions and aims to have a 20% share of the cathode market by 2030. The company has already made significant steps in improving its market share, having increased output from less than 3,000 tonnes in 2018 to over 15,000 tonnes in 2019. Its current plans and construction efforts will see the company expand its total cathode capacity to over 85,000 tonnes according to Benchmark’s Cathode Market Assessment.",{"type":574,"attrs":631,"content":632},{"textAlign":49},[633],{"text":634,"type":579},"Benchmark’s Product Director, Andrew Miller, said of the latest cathode developments: “The ongoing commitments from tier 1 cathode producers underlines the long-term growth trajectory of the battery market. Short-term demand will be impacted by Covid-related cutbacks but the rebound – particularly in Europe given recent stimulus measures – will be aggressive. Investments from the likes of Umicore, BASF and POSCO are needed now to meet the demand of 2022/23.”","This week we have seen leading cathode producers Umicore, POSCO and BASF reaffirm plans as part of their wider cathode capacity buildouts. These leading cathode producers continue to make progress in ramping up capacity to meet future lithium ion cell demand despite short-term fears surrounding the economic fallout from Covid-19. Umicore this week confirmed its […]",[637],{"slug":562,"name":563,"content":638},{"job_title":565,"image":639,"bio":568,"linkedin":569},{"filename":567},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"f4b094f6-87bd-47ae-b9ac-b49103a02fef\", \"id\": \"\"}-->","article",[643],{"slug":644,"name":645},"batteries","Batteries","private",{"id":49,"alt":648,"name":648,"focus":648,"title":648,"source":648,"filename":649,"copyright":648,"fieldtype":650,"meta_data":651,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/825fae2e5f/bm-umicore-578086ee675.png","asset",{"alt":648,"title":648,"source":648,"copyright":648},"Jun 19, 2020","19th June 2020",[],[],1792773940068]