[next] BTR plans to construct a lithium battery cathode material project in Morocco with an annual production capacity of 50,000 tons.
yicaiglobal.com, btrchina.com The Chinese battery material manufacturer BTR has announced an investment in a production facility for anode materials in Morocco with an annual capacity of 60,000 tonnes. Ford is expected to be one of the customers.
Morocco presents a strategic choice for the plant, given its comprehensive industry chain for lithium-ion raw materials, including notable reserves of cobalt and phosphate. The North African country holds a dominant share of the world’s phosphate reserves, a critical component for battery production.
BTR supplies major manufacturers of lithium-ion batteries such as Panasonic, Samsung SDI, LGES, SK On, CATL and BYD. The product portfolio includes natural and artificial graphite, silicon-based materials and cathode materials with a high nickel content.
Major Investment in Morocco BTR New Material Group, part of China Baoan Group, is set to invest a significant amount, approximately USD 497 million, to establish a new lithium battery cathode material factory in Morocco.
BTR itself has not stated which customers will be served by the new anode plant in Morocco. However, as Yicai Global writes, the China Boan Group – BTR’s largest shareholder – has announced that the Moroccan project company will conclude a supply agreement with Ford for the plant.
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