"Nickel & Cobalt for Lithium Ion Batteries Cobalt and nickel are...

"Nickel & Cobalt for Lithium Ion Batteries Cobalt and nickel are critical raw materials in the production of cathodes for the lithium-ion battery (LiB) market. These metals are used in the production of precursor materials, which are converted to cathode active material for use in the batteries. The battery industry requires nickel and cobalt to be supplied in specific chemical form for production of precursor material. In the case of both cobalt and nickel, this is generally in the form of hydrated metal sulphates (CoSO4.7H2O and NiSO4.6H2O).

The demand for lithium-ion cells is anticipated to grow strongly over the next decade as production of electric vehicles increases and batteries become an important component in utility-scale energy storage systems.

Syerston’s high cobalt grades, combined with Clean TeQ’s proprietary Clean-iX® technology to produce the specific cobalt and nickel sulphates required by lithium-ion cell manufacturers, positions the Company to benefit from strong forecast growth in demand for LiB’s."