Volkswagen to start using high-nickel batteries for electric car
Volkswagen's current electric car battery cell contains 65 per cent nickel, 15 per cent cobalt and 20 per cent manganese
Volkswagen's current electric car battery cell contains 65 per cent nickel, 15 per cent cobalt and 20 per cent manganese
The jv will have National Aluminium Company (Nalco), Hindustan Copper (HCL) and Mineral Exploration Corporation Ltd (MECL) as partners with a shareholding pattern of 34:33:33 respectively
"We have options in copper and oil. We need more. And we are interested in adding more nickel sulphide resource to our portfolio, so we should continue to add exploration options in these areas," Beaven said.
The project is part of China's push to safeguard new materials resources amid booming demand for batteries
It is part of flurry of activity in the sphere of cathodes materials, a major component of battery cells for an anticipated switch to EV due to clean air regulation
Part of the deal is a long-term supply agreement for nickel and cobalt feedstocks, while BASF will build a plant to produce battery materials in Harjavalta, Finland, adjacent to a nickel and cobalt refinery owned by Nornickel.
Nornickel, the world's second-largest nickel producer, said demand for the metal from the battery sector leapt 38 percent in the first half of this year versus the same period last year
Most systems to split water into its components - hydrogen and oxygen - require two catalysts, one to spur a reaction to separate the hydrogen and a second to produce oxygen.
CIL is planning to get into mining of bauxite, nickel and iron ore. However, the proposal is at a very early stage, an official said on the condition of anonymity.