And there it is...Europe is the place to be with all the large spending activity by automakers (billions across all the majors)...the period of austerity has brought a renewed focus and the stimuli is the “car industry”....Vision’s European tour sure to be full of surprises me thinks...imagine completing the “end-to-end cobalt real estate package with a JV in a “Cathode battery plant”...this is one unique monster if these expansion plans come to fruition...”cobalt real estate package = plant + supply + offtake + cathode battery plant = $$$.....from mine gate to end product to battery to car maker....heart palpitations....more material below... Lithium-ion batteries: Umicore to open Europe’s first large-scale cathode plant
Just prior to its Capital Markets Day (CMD) in Korea, Umicore announced it is to build a new lithium-ion battery cathode material plant at Nysa in southern Poland that would “significantly contribute to the European Union’s initiative to promulgate a leading rechargeable battery industry based on innovative technologies and a sustainable supply chain” according to CEO Marc Grynberg.
South Korea’s Samsung SDI opened a 50,000 electic vehicle (xEV) pack plant in Hungary in 2017, with SK Innovation and GS Yuasa now building 7.5GWh xEV and 500,000 starter-lighting-ignition (SLI) lithium-ion battery plants there also. A123 (now Lithium Werks) already has a 48V plant in Czech Republic, and LG Chem is completing a 100,000 xEV lithium-ion battery plant in Poland, while China’s CATL recently announced plans for a 24GWh xEV battery plant in Germany. These lithium-ion heavyweights already have contracts worth billions of dollars with European automakers such as Volkswagen Group, BMW, Daimler and Renault-Nissan-Mitsubishi. As Asian cell and pack manufacturers flock to Europe to align with their growing local automaker customers’ xEV supply chain, further upstream activity is anticipated that will boost Europe’s demand for battery raw materials.
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held