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recently announced a binding agreement for a large-scale supply of Cathode Active Material (CAM) to help GM meet its fast-growing EV production needs. CAM is a key battery material consisting of components like processed nickel, lithium and other materials representing about 40% of the cost of a battery cell.
The new index allows users to accurately track real-world movements in lithium-ion battery raw material prices relative to key cathode types within the supply chain and to track the shifting cost structure of a key component of cathode and cell supply contracts. LFP (lithium iron phosphate). NCM HIGH-NICKEL.
General Motors announced two major Li-ion battery supply chain agreements, one with LG Chem for cathode active material (CAM), and one with Livent for the supply of battery-grade lithium hydroxide. —Jeff Morrison, GM vice president, Global Purchasing and Supply Chain.
The site’s construction will allow for future expansion opportunities as GM continues to pursue many potential future EV supply chain projects. —Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain. —Scott Bell, president and managing director, GM Canada.
GM and LG Chem recently announced a binding agreement for the supply of Cathode Active Material (CAM). CAM is a significant battery component made up of processed nickel, lithium, and other substances that account for around 40% of the cost of a battery […].
CAM are key battery materials that consist of components such as processed nickel, lithium and other materials that make up about 40% of the cost of a battery. The project was first announced in March 2022 to supply General Motors’ fast-expanding battery production in North America.
Valuable materials such as cobalt, nickel, lithium, and copper are then extracted and refined, removing impurities to meet quality standards for reuse. By recovering metals like lithium, cobalt, and nickel from spent batteries, we reduce the environmental impact and conserve these valuable resources.
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