The technology is housed in a self-contained unit and takes the lithium chloride feed produced by the company’s existing direct lithium extraction (DLE) demonstration plant.
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.