Mexican Media Brands
Sumitomo Metal Plans $1.8 Billion Nickel Smelter for EV Batteries
Sumitomo Metal Mining Co. Ltd. is to build a 200 billion-yen ($1.8 billion) nickel smelting complex in Indonesia to supply metal to makers of batteries for electric vehicles, The Nikkei reports.
#hybrid
Share
Sumitomo Metal Mining Co. Ltd. plans to build a 200 billion-yen ($1.8 billion) nickel smelting complex in Indonesia to supply metal for electric car batteries, The Nikkei reports.
The company intends to build the factory in the southeast Pomalaa region. The facility would have annual capacity to make 40,000 tons of material used to produce battery cell cathodes, according to the newspaper.
The plant’s output would be shipped to Japan for further processing, then sold to batterymakers such as Panasonic Corp. The Nikkei notes that the metals company already has a similar nickel smelting operation in the Philippines.
Sumitomo Metal has been rushing to hike its monthly output of nickel material to nearly 4,600 tons per month as global demand for EV batteries accelerates, according to the report.
RELATED CONTENT
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
