The Elements of Innovation Discovered
The Elements of Innovation Discovered
Metal Tech News - July 13, 2022
The $1.2 billion plant Umicore plans to build in Ontario is expected to eventually produce enough cathode material for the lithium-ion batteries powering 1 million EVs per year.
Umicore to invest C$1.5B on lithium battery materials plant in Ontario.
To establish the missing link between Ontario's abundant lithium battery metal resources and the established automotive industry in the Canadian province, Belgium-based Umicore plans to invest C$1.5 billion (US$1.2 billion) to build a plant that will feed cathode battery materials into the North American EV supply chain.
"Cana...
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