The HPAL plant will process locally secured mining ore from the Weda Bay deposit to produce a nickel and cobalt intermediate. Since the acquisition of Weda Bay in 2007, Eramet carried out extensive geological work and confirmed the potential of this world-class deposit whose mining operations started at the end of 2019. The BMR will supply nickel and cobalt to produce precursor cathode active materials (PCAM) and then cathode active materials (CAM) for lithium-ion batteries in electric vehicles.
The project targets a start-up of the HPAL and BMR facilities in the mid-2020s and will commence in the first phase feasibility study with limited funding.
Christel Bories, Chairman and CEO of Eramet commented: “We aim to develop mining, refining and recycling projects with a fully integrated approach throughout the EV value chain. Partnering with BASF is a unique opportunity in line with our strategy to provide a solid and sustainable supply for the batteries industry”.
- [Editor:Catherine Ren]
Tell Us What You Think