This week we have seen leading cathode producers Umicore, POSCO and BASF reaffirm plans as part of their wider cathode capacity buildouts. These leading cathode producers continue to make progress in ramping up capacity to meet future lithium ion cell demand despite short-term fears surrounding the economic fallout from Covid-19.
Umicore this week confirmed its €125 million loan from the European Investment Bank (EIB), which forms part of the European Commission’s wider push supply chain push.
The EIB loan is being used by Umicore to finance the construction of its cathode manufacturing plant in Nysa, Poland, and . . .
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