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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":731,"relatedVideos":732},112398866416281,"bf235ce9-a2e5-43bf-98ac-ee8ef8120a46","Europe’s cathode scene set to diversify as supply increases","europes-cathode-scene-set-to-diversify-as-supply-increases","article/europes-cathode-scene-set-to-diversify-as-supply-increases",{"_uid":547,"date":548,"tags":549,"editor":568,"content":578,"excerpt":708,"featured":51,"reporter":709,"_editable":713,"component":714,"seo_title":543,"categories":715,"visibility":721,"author_company":49,"data_vis_image":722,"featured_image":726,"seo_description":708,"author_full_name":49,"author_job_title":49,"formattedDate":729,"formattedArticleDate":730},"ef00a954-01bb-4af4-818a-cb13fed8b560","2025-09-12 00:00",[550,553,556,559,562,565],{"slug":551,"name":552},"asia","Asia",{"slug":554,"name":555},"basf","BASF",{"slug":557,"name":558},"china","China",{"slug":560,"name":561},"data-visualisation","Data Visualisation",{"slug":563,"name":564},"europe","Europe",{"slug":566,"name":567},"umicore","Umicore",[569],{"slug":570,"name":571,"content":572},"matthew-bird","Matthew Bird",{"job_title":573,"image":574,"bio":576,"linkedin":577},"Senior Editor - Supply Chains & Data Visualisation",{"filename":575},"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":579,"content":580},"doc",[581,598,603,615,622,634,639,644,657,665,670,675,680,685,690,695,700],{"type":582,"attrs":583,"content":584},"paragraph",{"textAlign":49},[585,588,596],{"text":586,"type":587},"Europe’s ","text",{"text":589,"type":587,"marks":590},"cathode active material supply",[591],{"type":592,"attrs":593},"link",{"href":594,"uuid":49,"anchor":49,"target":49,"linktype":595},"https://source.benchmarkminerals.com/video/watch/giga-europe-2025-panel-discussion-evs-and-battery-manufacturing-the-outlook-for-cathodes-anodes-and-battery-gigafactories","url",{"text":597,"type":587}," is set to increase 360% between 2025 and 2030, supported by a growing number of facilities owned by non-European companies.",{"type":582,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":587},"Despite this growth, Benchmark forecasts that European CAM supply will remain lower than the region’s cell production, meaning gigafactories will depend on imports.",{"type":604,"attrs":605},"blok",{"id":606,"body":607},"ab49e660-5415-4db7-9ed0-0780cd0ec159",[608],{"id":609,"_uid":610,"type":611,"_editable":612,"component":613,"fixed_height":614,"use_fixed_height":50,"fixed_height_mobile":614,"fixed_height_tablet":614},"25097068","i-a503fea2-4d8f-4ac6-a6c9-60ae89f67c37","visualisation","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-a503fea2-4d8f-4ac6-a6c9-60ae89f67c37\", \"id\": \"\"}-->","ContentFlourish","",{"type":616,"attrs":617,"content":619},"heading",{"level":618,"textAlign":49},4,[620],{"text":621,"type":587},"Europe’s cathode scene today",{"type":582,"attrs":623,"content":624},{"textAlign":49},[625,627,632],{"text":626,"type":587},"The key European players dominating the cathode market in the region today are ",{"text":567,"type":587,"marks":628},[629],{"type":592,"attrs":630},{"href":631,"uuid":49,"anchor":49,"target":49,"linktype":595},"https://source.benchmarkminerals.com/article/umicore-delays-battery-material-expansion-plans-as-short-term-pressures-bite",{"text":633,"type":587}," and BASF. Combined, these two companies account for three-quarters of European CAM production in 2025.",{"type":582,"attrs":635,"content":636},{"textAlign":49},[637],{"text":638,"type":587},"Earlier this year, BASF signed an agreement to cooperate with CATL on CAM supplies. BASF also recently renewed a long term CAM supply agreement with a non-disclosed third-party customer. The material will be supplied from BASF’s operational plant in Schwarzheide, Germany.",{"type":616,"attrs":640,"content":641},{"level":618,"textAlign":49},[642],{"text":643,"type":587},"The evolution of Europe’s cathode industry",{"type":582,"attrs":645,"content":646},{"textAlign":49},[647,649,655],{"text":648,"type":587},"Although BASF and Umicore are set to increase their CAM production out to 2030 and beyond, the largest sources of new supply will come from Asian and ",{"text":650,"type":587,"marks":651},"Chinese producers",[652],{"type":592,"attrs":653},{"href":654,"uuid":49,"anchor":49,"target":49,"linktype":595},"https://source.benchmarkminerals.com/article/ningbo-ronbay-to-enter-cathode-production-in-europe-with-polish-factory",{"text":656,"type":587}," which are looking to expand beyond their domestic markets.",{"type":604,"attrs":658},{"id":659,"body":660},"39dfd81c-2821-411c-9bbc-30c6f9f74fac",[661],{"id":662,"_uid":663,"type":611,"_editable":664,"component":613,"fixed_height":614,"use_fixed_height":50,"fixed_height_mobile":614,"fixed_height_tablet":614},"25046014","i-290a0bb0-63b0-403d-8890-d0b1485e74c6","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-290a0bb0-63b0-403d-8890-d0b1485e74c6\", \"id\": \"\"}-->",{"type":582,"attrs":666,"content":667},{"textAlign":49},[668],{"text":669,"type":587},"For example, South Korean-based EcoPro Battery Materials is building a 108ktpa CAM facility in Debrecen, Hungary with the first 54ktpa phase to begin NCA production in 2026 (delayed from 2025). A second phase for NCM is set to begin production in 2027.",{"type":582,"attrs":671,"content":672},{"textAlign":49},[673],{"text":674,"type":587},"China’s Huayou Cobalt is also building a facility in Hungary. Set to be operational from 2029, it has a planned high-nickel NCM capacity of 75ktpa.",{"type":582,"attrs":676,"content":677},{"textAlign":49},[678],{"text":679,"type":587},"The largest CAM facility in Europe’s pipeline is a 360ktpa in Finland. The first phase has a capacity of 60ktpa NCM. A highly speculative second phase could see 300ktpa of LMFP (lithium manganese iron phosphate) CAM production. The project is being planned by the Finnish Minerals Group in collaboration with China’s Easpring.",{"type":616,"attrs":681,"content":682},{"level":618,"textAlign":49},[683],{"text":684,"type":587},"European companies focus on NCM",{"type":582,"attrs":686,"content":687},{"textAlign":49},[688],{"text":689,"type":587},"The European market has historically preferred NCM-based cells over LFP as the former can provide greater range when deployed in an EV. As such the large majority of the region’s gigafactories are primarily geared towards NCM cell production and the CAM manufactures followed suit.",{"type":582,"attrs":691,"content":692},{"textAlign":49},[693],{"text":694,"type":587},"By contrast, Chinese companies have developed extensive experience in LFP production. The chemistry is forecast to account for 11% of the region’s CAM production in 2030.",{"type":582,"attrs":696,"content":697},{"textAlign":49},[698],{"text":699,"type":587},"The majority of this LFP CAM production is forecast to come from Hunan Yuneng, a Chinese company which is developing a production facility in Extremadura, Spain. A second Chinese company, Wanhua Chemical, announced in September 2025 its plans to build a 30ktpa LFP facility in Hungary with pilot production scheduled for 2026.",{"type":604,"attrs":701},{"id":702,"body":703},"58da3366-f881-43b7-808a-57787d594eaf",[704],{"id":705,"_uid":706,"type":611,"_editable":707,"component":613,"fixed_height":614,"use_fixed_height":50,"fixed_height_mobile":614,"fixed_height_tablet":614},"25097599","i-cff84b5a-503b-434e-8f27-432efe658fe0","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-cff84b5a-503b-434e-8f27-432efe658fe0\", \"id\": \"\"}-->","Europe’s cathode active material supply is set to increase 360% between 2025 and 2030, supported by a growing number of facilities owned by non-European companies. Despite this growth, Benchmark forecasts that European CAM supply will remain lower than the region’s cell production, meaning gigafactories will depend on imports. Europe’s cathode scene today The key European […]",[710],{"slug":570,"name":571,"content":711},{"job_title":573,"image":712,"bio":576,"linkedin":577},{"filename":575},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"ef00a954-01bb-4af4-818a-cb13fed8b560\", \"id\": \"\"}-->","article",[716,719],{"slug":717,"name":718},"batteries","Batteries",{"slug":720,"name":298},"cathode","private",{"id":49,"alt":614,"name":614,"focus":614,"title":614,"source":614,"filename":723,"copyright":614,"fieldtype":724,"meta_data":725,"is_external_url":51},"https://res.cloudinary.com/benchmarkminerals/images/f_auto,q_auto/v1757688925/www-production/Socials-Europe-cell-and-CAM-vs-demand@2x-1/Socials-Europe-cell-and-CAM-vs-demand@2x-1.png?_i=AA","asset",{"alt":614,"title":614,"source":614,"copyright":614},{"id":49,"alt":614,"name":614,"focus":614,"title":614,"source":614,"filename":727,"copyright":614,"fieldtype":724,"meta_data":728,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/65f660c61f/bm-6396-cathode-active-materials-plant-in-schwarzheide-germany-1.jpg",{"alt":614,"title":614,"source":614,"copyright":614},"Sep 12, 2025","12th September 2025",[],[],1782315288989]