Critical raw material used in the production of cathodes for Lithium-ion batteries.
Australian Mines signs off-take agreement with leading global electric vehicle battery manufacturer SK Innovation for 100% of the cobalt and nickel production from the Sconi Cobalt-Nickel-Scandium Project in Queensland. The initial agreement is for a 7-year period with a further 6-year extension option with quantities of agreed offtake volumes of 12,000 tonnes per year of cobalt sulphate and 60,000 tonnes per year of nickel sulphate.
Critical raw material used in the production of cathodes for Lithium-ion batteries.
Used in the production of precursor materials, which are converted cathode active material.
Relatively scarce, high-value mineral used to produce aluminium alloys.