Rock Tech will produce some of the battery metal from its own resources in Canada and from other mines compliant with the Initiative for Responsible Mining.
Major automakers are increasingly taking it upon themselves to go to the top of the mineral supply chain to lock in supplies of battery minerals, amid expectations of potential shortfalls in supply towards the end of the decade by when some, including Mercedes-Benz, aim to mostly or fully electrify their products.
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A groundbreaking project between Hyundai Motor, Kia, Hyundai Steel, and EcoPro BM seeks to advance EV battery production by directly synthesising LFP cathode material, promising reduced emissions, lower costs, and enhanced performance.
GM and Samsung SDI have finalised a $3.5B partnership to build a high-capacity EV battery plant in Indiana, aiming to power future electric vehicles.
South Korean battery powerhouses LG Energy Solution, SK On, and Samsung SDI are driving a resurgence in prismatic battery technology, challenging the dominance of other battery formats in the EV market.
