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nickel manganese cobalt (NMC)

Umicore signs deal to supply 125,000mt of lithium-ion cathode materials to LG Chem

Thu, 09/26/2019 - 12:24 -- Paul Crompton

Umicore will begin delivering cathode materials for nickel manganese cobalt (NMC) lithium-ion batteries to LG Chem next year after signing a multi-year strategic supply agreement.

The agreement is for a total volume of 125,000 metric tonnes to be delivered over ‘several years’ out of Umicore plants in Poland, Korea and China. 

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Umicore expands NMC materials production in Asia

Fri, 05/20/2016 - 13:59 -- Paul Crompton
Umicore expands NMC materials production in Asia

Belgium-based materials technology giant Umicore will spend $181 million on expanding its nickel manganese cobalt (NMC) production facilities in China and South Korea.

The expansion, which will mean total capacity will triple within three years, is in answer to the surge in demand for materials used in hybrid and electric vehicles, the company says.

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China bus battery subsidy ban causes share slump for Korean suppliers

Wed, 02/03/2016 - 14:21 -- Paul Crompton
China bus battery subsidy ban causes share slump for Korean suppliers

Korean battery giants Samsung SDI and LG Chem saw shares slump by 10% and 7.1% respectively on news that Beijing will remove subsidies for nickel manganese cobalt (NMC) batteries for electric buses.

“There has not been enough safety verification or product development for new energy electric passenger vehicles,” said China’s Ministry of Equipment Industry Secretary Zhang Xiangmu, who added China had begun research into the chemistry late and could ‘not be sure’ about NMC batteries.

The decision has surprised some.

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