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BASF-Nornickel in talks on raw material supplies for battery production

Wed, 07/05/2017 - 12:44 -- News Editor
BASF-Nornickel in talks on raw material supplies for battery production

Russian mining company Norilsk Nickel (Nornickel) has started exclusive negotiations with German chemicals firm BASF to cooperate in the supply of raw materials for future lithium-ion battery production in Europe.

Under the terms of a memorandum of understanding signed by the firms, which was announced on 27 June, BASF intends to invest up to €400 million ($456.6 million) “in a first step” to supply European battery cell producers for electric vehicles with regionally-manufactured cathode materials.

 

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