LONDON (dpa-AFX) - Johnson Matthey PLC (JMAT.L) announced strategic developments in the commercialisation of eLNO. This includes a strategic partnership with Finnish Minerals Group to locate second commercial plant for eLNO cathode materials, with nameplate capacity of 30kT, in Finland.
Finnish Minerals will invest to co-develop with Johnson Matthey an integrated solution to treat sodium sulphate, a common manufacturing by-product, providing a sustainable supply chain to conserve natural resources and protect the local environment. Finnish Minerals Group will also invest in pre-treatment technology of nickel and cobalt sulphates to tailor the materials to the requirements of high nickel cathode materials.
Also, Johnson Matthey has signed a term sheet for the supply of nickel and cobalt from Nornickel, and an agreement for the supply of lithium hydroxide from SQM.
Copyright RTT News/dpa-AFX
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