Eurasian Natural Resources Corporation announces new cathode precursors production plant

Alexander Machkevitch, chairman of the Board of Directors of Eurasian Natural Resources Corporation (ERG), has announced the possibility of building a plant for the production of materials for batteries.

Eurasian Natural Resources Corporation PLC is a private, Kazakhstan/Central African-focused, multinational leading diversified natural resources company, headquartered in London, United Kingdom. It has activities in integrated mining, processing, energy, logistics and marketing.

ERG unites the largest enterprises of Kazakhstan in the extraction and processing of ore and minerals. This allows Alexander Machkevitch and partners to occupy leading positions in the country’s mining and metallurgical business, reports.

ERG is considering the potential of building a plant for the production of precursor materials for lithium-ion batteries. At the same time, Metalkol RTR – ERG Africa, in the Haut-Katanga province of the Democratic Republic of Congo (DRC), has already been appointed as the main supplier of cobalt hydroxide, which is necessary for production.

The convenience of the production chain lies in the fact that it is also an ERG company located in Congo, so supply transparency is ensured. The fact that the two ERG enterprises will be connected by the supply chain, indicates a carefully developed strategy for the vertical integration of the new business.

Alexander Machkevitch: production of electric vehicles
Eurasian Resources Group has announced that it is analyzing the possibility of building a plant for the production of nickel-cobalt-manganese (NCM) precursors for batteries that are needed in the production of electric vehicles. The company also already attracted additional partners for financing the enterprise.

Currently, Alexander Machkevitch is studying the technical solutions offered by partners, two world-renowned engineering companies – the Chinese company BGRIMM Technology Group and the Finnish Outotec. These companies offer several options for the ratio of manganese, nickel, and cobalt, focusing primarily on demand.

Alexander Machkevitch expects to build a plant in two consecutive stages. First, a plant line will be built, capable of producing 90,000 precursors per year. The second stage, involving the expansion of production, will depend on the market – if demand for the products rises, an increase in capacity can be considered.

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