Sumitomo wants to start making materials for a cheaper type of battery -- containing no nickel -- that’s poised for global popularity after storming the world’s top EV market, China.
The South Korean company reiterated its target of tripling revenue in North America in five years, with the EV market there forecast to see compound annual growth rate of 33% by 2030.
Imerys unveiled plans to develop a lithium mine in central France that it said could be a leading contributor in Europe's quest for electric-vehicle battery materials.