October 27, 2010

Lithium projects galore

I've been seeing a lot of investments this year on lithium-related production capacity coming from the chemical industry especially here in the US.

Today, BASF broke ground on a $50+ million facility in Elyria, Ohio, to produce Nickel-Cobalt-Manganese (NCM) cathode materials for lithium-ion batteries that can power hybrid and full-electric vehicles. The investment has the help of $24.6 million grant from the Department of Energy (DOE) under the American Recovery and Reinvestment Act.

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