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moves upstream with Galp lithium hydroxide JV","northvolt-moves-upstream-with-galp-lithium-hydroxide-jv","article/northvolt-moves-upstream-with-galp-lithium-hydroxide-jv",{"_uid":557,"date":558,"tags":559,"editor":563,"content":573,"excerpt":711,"featured":50,"reporter":712,"_editable":716,"component":717,"seo_title":553,"categories":718,"visibility":724,"author_company":49,"featured_image":725,"seo_description":711,"author_full_name":49,"author_job_title":49,"formattedDate":730,"formattedArticleDate":731},"0e5278b5-ca1c-480c-9e06-bf7440566c23","2021-12-14 00:00",[560],{"slug":561,"name":562},"europe","Europe",[564],{"slug":565,"name":566,"content":567},"matthew-bird","Matthew Bird",{"job_title":568,"image":569,"bio":571,"linkedin":572},"Senior Editor - Supply Chains & Data Visualisation",{"filename":570},"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":574,"content":575},"doc",[576,583,588,593,616,629,636,641,646,658,663,668,673,678,683,688,693,698,703,708],{"type":577,"attrs":578,"content":579},"paragraph",{"textAlign":49},[580],{"text":581,"type":582},"Swedish battery startup Northvolt and oil company Galp have agreed to build a €700 million lithium hydroxide plant in Portugal, in a move that would increase Europe’s processing capacity and reduce the auto industry’s reliance on China.","text",{"type":577,"attrs":584,"content":585},{"textAlign":49},[586],{"text":587,"type":582},"The companies said the plant would have a capacity to produce up to 35,000 tonnes of battery grade lithium hydroxide a year, which would be enough for around 700,000 electric vehicles. It would start operations in 2026.",{"type":577,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":582},"The world’s largest automakers and battery producers are increasingly making investments further upstream in the battery supply chain, as they look to secure supplies of battery materials in Europe and the US.",{"type":577,"attrs":594,"content":595},{"textAlign":49},[596,598,606,608,614],{"text":597,"type":582},"This month Volkswagen",{"text":599,"type":582,"marks":600}," announced an agreement with European cathode maker Umicore",[601],{"type":602,"attrs":603},"link",{"href":604,"uuid":49,"anchor":49,"target":49,"linktype":605},"https://source.benchmarkminerals.com/article/vw-boosts-europe-battery-supply-chain-with-umicore-jv","url",{"text":607,"type":582}," to build a plant in Europe, while",{"text":609,"type":582,"marks":610}," General Motors announced a similar deal with South Korea’s Posco for the US",[611],{"type":602,"attrs":612},{"href":613,"uuid":49,"anchor":49,"target":49,"linktype":605},"https://source.benchmarkminerals.com/article/gm-steps-up-us-battery-supply-chain-plans-with-posco-cathode-agreement",{"text":615,"type":582},".",{"type":577,"attrs":617,"content":618},{"textAlign":49},[619,621,627],{"text":620,"type":582},"Tesla has",{"text":622,"type":582,"marks":623}," also said it will build a lithium hydroxide refinery operation",[624],{"type":602,"attrs":625},{"href":626,"uuid":49,"anchor":49,"target":49,"linktype":605},"https://source.benchmarkminerals.com/article/exclusive-tesla-becomes-first-automaker-to-enter-lithium-supply-chain-reshapes-foundations-of-china-dominated-spodumene-2",{"text":628,"type":582}," at the site of its new gigafactory in Texas.",{"type":630,"attrs":631,"content":633},"heading",{"level":632,"textAlign":49},4,[634],{"text":635,"type":582},"China processes over 50% of the world’s lithium",{"type":577,"attrs":637,"content":638},{"textAlign":49},[639],{"text":640,"type":582},"China processes over 50% of the world’s lithium and Europe currently has no operational lithium processing plants, according to Benchmark.",{"type":577,"attrs":642,"content":643},{"textAlign":49},[644],{"text":645,"type":582},"Benchmark currently forecasts Europe may need to import 500,000 tonnes a year of lithium by 2030 to meet battery demand from the continent’s carmakers due to lack of domestic supply.",{"type":577,"attrs":647,"content":648},{"textAlign":49},[649,651,656],{"text":650,"type":582},"Northvolt, ",{"text":652,"type":582,"marks":653},"which is set to be a key supplier to Volkswagen",[654],{"type":602,"attrs":655},{"href":604,"uuid":49,"anchor":49,"target":49,"linktype":605},{"text":657,"type":582},", said it would agree to buy up to 50% of the lithium plant’s capacity for use in its battery manufacturing.",{"type":577,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":582},"The two companies said they would also look at sourcing lithium from Spain and Portugal for the plant, in an effort to create a European supply chain of battery materials.",{"type":577,"attrs":664,"content":665},{"textAlign":49},[666],{"text":667,"type":582},"“The partners are confident that Iberia hosts resources which can be recovered with a low greenhouse gas emission footprint, using the highest standards for environment and human rights protection, in compliance with best industry practices and environmental policies, ensuring a long-term sustainable value for all stakeholders,” they said.",{"type":577,"attrs":669,"content":670},{"textAlign":49},[671],{"text":672,"type":582},"Northvolt said the plant would use a “proven conversion process,” and would be powered by renewable energy.",{"type":577,"attrs":674,"content":675},{"textAlign":49},[676],{"text":677,"type":582},"This week Australia’s Neometals said it had also agreed to build a 25,000 tonnes a year lithium hydroxide plant in Portugal with Portuguese chemical producer Bondalti Chemicals.",{"type":630,"attrs":679,"content":680},{"level":632,"textAlign":49},[681],{"text":682,"type":582},"“It’s very hard for new [lithium] developers to make high purity chemicals,” Chris Reed, Neometals CEO.",{"type":577,"attrs":684,"content":685},{"textAlign":49},[686],{"text":687,"type":582},"Chris Reed, Neometals’s chief executive, said the company would use a unique processing technology that could convert lithium from brine produced in South America into battery materials for European carmakers.",{"type":577,"attrs":689,"content":690},{"textAlign":49},[691],{"text":692,"type":582},"Using electrolysis, which can be powered by renewable energy, Reed said the company’s ELi processing technology doesn’t require reagents such as soda ash and lime.",{"type":577,"attrs":694,"content":695},{"textAlign":49},[696],{"text":697,"type":582},"Reed said he expected that the supply of lithium mined in Australia and processed in China would peak this decade, meaning brine deposits would be needed to meet future European demand from electric vehicles.",{"type":577,"attrs":699,"content":700},{"textAlign":49},[701],{"text":702,"type":582},"“It’s very hard for new [lithium] developers to make high purity chemicals,” he said. “None of the brine producers have made a significant production contribution, it’s all come from the hard rock guys.”",{"type":577,"attrs":704,"content":705},{"textAlign":49},[706],{"text":707,"type":582},"Other companies including AMG, European Lithium, Keliber and Livista have also said they will build lithium processing capacity in Europe. Currently only three plants in Russia process lithium, according to Benchmark’s Lithium Forecast.",{"type":577,"attrs":709,"content":710},{"textAlign":49},[],"Swedish battery startup Northvolt and oil company Galp have agreed to build a €700 million lithium hydroxide plant in Portugal, in a move that would increase Europe’s processing capacity and reduce the auto industry’s reliance on China. The companies said the plant would have a capacity to produce up to 35,000 tonnes of battery grade […]",[713],{"slug":565,"name":566,"content":714},{"job_title":568,"image":715,"bio":571,"linkedin":572},{"filename":570},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"0e5278b5-ca1c-480c-9e06-bf7440566c23\", \"id\": \"\"}-->","article",[719,722],{"slug":720,"name":721},"critical-minerals","Critical Minerals",{"slug":723,"name":8},"lithium","private",{"id":49,"alt":726,"name":726,"focus":726,"title":726,"source":726,"filename":727,"copyright":726,"fieldtype":728,"meta_data":729,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/e6044e0949/bm-northvolt-ett-october-2021-11.jpg","asset",{"alt":726,"title":726,"source":726,"copyright":726},"Dec 14, 2021","14th December 2021",[],[],1789982593856]