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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":722,"relatedVideos":723},112471376083432,"01efe4bd-c898-46c2-a9b7-33be0ec72477","Europe’s anode market set to accelerate with Putailai, Talga plants","europes-anode-market-set-to-accelerate-with-putailai-talga-plants","article/europes-anode-market-set-to-accelerate-with-putailai-talga-plants",{"_uid":547,"date":548,"tags":549,"editor":550,"content":560,"excerpt":705,"featured":51,"reporter":706,"_editable":710,"component":711,"seo_title":543,"categories":712,"visibility":715,"author_company":49,"featured_image":716,"seo_description":705,"author_full_name":49,"author_job_title":49,"formattedDate":720,"formattedArticleDate":721},"aa260d1b-82ff-463b-9a70-dadfd50c7de4","2023-05-10 00:00",[],[551],{"slug":552,"name":553,"content":554},"matthew-bird","Matthew Bird",{"job_title":555,"image":556,"bio":558,"linkedin":559},"Senior Editor - Supply Chains & Data Visualisation",{"filename":557},"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":561,"content":562},"doc",[563,570,575,580,585,600,609,614,619,624,633,640,645,650,655,660,665,670,675,680,685,690,695,700],{"type":564,"attrs":565,"content":566},"paragraph",{"textAlign":49},[567],{"text":568,"type":569},"Europe is moving closer to becoming a producer of battery anodes for electric vehicles, as Chinese anode supplier Putailai and Australia’s Talga Group both plan to build plants in Sweden. ","text",{"type":564,"attrs":571,"content":572},{"textAlign":49},[573],{"text":574,"type":569},"Putailai said this month it plans to invest $1.5 billion in a plant, which will supply Swedish battery producer Northvolt and significantly boost Europe’s anode pipeline capacity.",{"type":564,"attrs":576,"content":577},{"textAlign":49},[578],{"text":579,"type":569},"Talga also told Benchmark that it is confident it will get a permit for its planned 19,500tpa battery anode manufacturing plant in Sweden this summer, following the awarding of an environmental permit for its graphite mine last month. ",{"type":564,"attrs":581,"content":582},{"textAlign":49},[583],{"text":584,"type":569},"Mark Thompson, Talga’s managing director, said he expected to start building the refinery later this year, to start production in 2024. ",{"type":564,"attrs":586,"content":587},{"textAlign":49},[588,590,598],{"text":589,"type":569},"Europe is acutely short of homegrown supplies of graphite and battery anodes, making it completely reliant on China for the key battery material. ",{"text":591,"type":569,"marks":592},"Benchmark forecasts",[593],{"type":594,"attrs":595},"link",{"href":596,"uuid":49,"anchor":49,"target":49,"linktype":597},"https://www.benchmarkminerals.com/price-assessments/anode/","url",{"text":599,"type":569}," that by the end of the decade, anode supply from Europe will only account for just over 1% of global supply.",{"type":564,"attrs":601,"content":602},{"textAlign":49},[603,605,607],{"text":604,"type":569},"Putailai’s planned project would account for nearly 60% of the planned",{"text":606,"type":569},"anode material capacity in Europe, according to the Benchmark Anode",{"text":608,"type":569},"Forecast.",{"type":564,"attrs":610,"content":611},{"textAlign":49},[612],{"text":613,"type":569},"This year the European Union proposed targets for localising the battery supply chain, as part of its Critical Raw Materials Act, but this will require significantly more investment into flake graphite and anode production. ",{"type":564,"attrs":615,"content":616},{"textAlign":49},[617],{"text":618,"type":569},"“We know the industry is the worst when it comes to the control that China has on its supply chain,” Thompson said. “So it’s a lot harder to comply, you need to generate new projects.”",{"type":564,"attrs":620,"content":621},{"textAlign":49},[622],{"text":623,"type":569},"Europe is on track for an estimated -972 GWh deficit by 2030, the largest of any region, according to Benchmark’s Anode Forecast. ",{"type":564,"attrs":625,"content":626},{"textAlign":49},[627],{"type":628,"attrs":629},"image",{"id":49,"alt":630,"src":631,"title":49,"source":49,"copyright":49,"meta_data":632},"","https://a.storyblok.com/f/287943243085208/bb8d1004ef/bm-europe-anode-deficit.png",{},{"type":634,"attrs":635,"content":637},"heading",{"level":636,"textAlign":49},4,[638],{"text":639,"type":569},"China’s Putailai targets Europe ",{"type":564,"attrs":641,"content":642},{"textAlign":49},[643],{"text":644,"type":569},"Putailai said it would build a production base for 100,000 tonnes of anode materials in Sweden by the end of 2026 or early 2027.",{"type":564,"attrs":646,"content":647},{"textAlign":49},[648],{"text":649,"type":569},"“This is a hefty investment, especially for Europe where there isn’t all that much movement on the anode side of things,” said Rob Burrell, analyst with Benchmark.",{"type":564,"attrs":651,"content":652},{"textAlign":49},[653],{"text":654,"type":569},"“Europe likely needs these types of investment from overseas to accelerate domestic anode capacity, otherwise it is due to fall behind quite significantly.”",{"type":564,"attrs":656,"content":657},{"textAlign":49},[658],{"text":659,"type":569},"Northvolt told Benchmark it would be a “key buyer” for the product, and moving the production to Sweden could lead to a 90% reduction in the carbon footprint of the anode material.",{"type":564,"attrs":661,"content":662},{"textAlign":49},[663],{"text":664,"type":569},"Putailai is China’s largest anode producer, with a total production capacity of 183,000 tonnes a year, according to Benchmark’s Anode Forecast, almost all of it for synthetic graphite. That’s set to expand to 373,000 tonnes by the end of the decade. ",{"type":564,"attrs":666,"content":667},{"textAlign":49},[668],{"text":669,"type":569},"Its investment into Sweden comes amid a period of oversupply in China, according to Frank Li, an analyst at Benchmark, which has caused prices to fall this year.",{"type":564,"attrs":671,"content":672},{"textAlign":49},[673],{"text":674,"type":569},"Anode prices have fallen by 12% year-to-date, according to Benchmark’s Anode Price Index. Prices for high energy synthetic graphite anodes have fallen by 11% this year to an average of RMB 64,500 a tonne ($9,302.) ",{"type":634,"attrs":676,"content":677},{"level":636,"textAlign":49},[678],{"text":679,"type":569},"Talga’s anode plant  ",{"type":564,"attrs":681,"content":682},{"textAlign":49},[683],{"text":684,"type":569},"Talga says it also aims to produce over 100,000 tonnes a year of anode materials eventually. ",{"type":564,"attrs":686,"content":687},{"textAlign":49},[688],{"text":689,"type":569},"In February it raised A$40 million ($27 million) for initial construction of the anode plant in the Luleå industrial park, which is focused on clean energy industries. ",{"type":564,"attrs":691,"content":692},{"textAlign":49},[693],{"text":694,"type":569},"In April, the company also received environmental permitting for its Nunasvaara South natural graphite mine in Sweden, which will feed the anode plant. It also hopes to exploit a second deposit, called Niska, to feed the refinery. ",{"type":564,"attrs":696,"content":697},{"textAlign":49},[698],{"text":699,"type":569},"Thomson said, however, that the priority was building the anode refinery – as that was the bottleneck in Europe. ",{"type":564,"attrs":701,"content":702},{"textAlign":49},[703],{"text":704,"type":569},"“The bottleneck is the downstream anode refinery, we need to finance and construct that first,” Thompson told Benchmark.","Europe is moving closer to becoming a producer of battery anodes for electric vehicles, as Chinese anode supplier Putailai and Australia’s Talga Group both plan to build plants in Sweden. Putailai said this month it plans to invest $1.5 billion in a plant, which will supply Swedish battery producer Northvolt and significantly boost Europe’s anode […]",[707],{"slug":552,"name":553,"content":708},{"job_title":555,"image":709,"bio":558,"linkedin":559},{"filename":557},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"aa260d1b-82ff-463b-9a70-dadfd50c7de4\", \"id\": \"\"}-->","article",[713],{"slug":714,"name":261},"anode","private",{"id":49,"alt":630,"name":630,"focus":630,"title":630,"source":630,"filename":717,"copyright":630,"fieldtype":718,"meta_data":719,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/7ffa369126/bm-2022naturalgraphitetrialmine.jpg","asset",{"alt":630,"title":630,"source":630,"copyright":630},"May 10, 2023","10th May 2023",[],[],1781530298216]