3M and Umicore Expand Their Nickel, Manganese and Cobalt Cathode Materials Relationship

Umicore and 3M (NYSE:MMM) announced a mutual agreement allowing for the expansion of the use of cobalt and other materials in batteries.

The press release is quoted as saying:

The battery cathode compositions composed of nickel, manganese, and cobalt, covered by this agreement, offer an outstanding balance of power, energy, thermal stability and low cost. NMC cathode materials can meet demanding customer requirements ranging from high-energy handheld consumer electronics to high-power (hybrid) electric vehicles. For large format battery applications the excellent thermal stability of NMC cathode compositions contributes to improved battery safety performance thereby, enabling a lower total battery system cost.

To read the full press release, click here.