Eurasian Resources Group (ERG) is assessing the construction of a battery material plant to produce nickel-cobalt-manganese (NCM) precursor materials for electric vehicles.

The Group is evaluating technical solutions offered by engineering firms BGRIMM Technology Group from China and Outotec from Finland, which will allow for the production of both NCM 6:2:2 and NCM 8:1:1 precursors depending on market conditions.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The Group is planning to develop the plant in two phases. The first phase is expected to produce 90,000 tonnes of NCM annually following a two-year construction period. The expansion will be defined depending on market conditions.

“Our vision for a green economy is at the core of our continued commitment to supply the most critical materials for the global battery sector and we are leading industry efforts to ensure the sustainable, traceable cobalt sourcing in supply chains across Europe, North America, South Korea and Japan,” said ERG CEO, Benedikt Sobotka.

“Together with our partners we are currently considering multiple locations for the development of the precursor plant.”

See Also:

The precursor plant will be supplied with cobalt hydroxide from ERG’s Metalkol RTR in the Democratic Republic of the Congo, whose operations, maintains ERG, are in accordance with recognised responsible and sustainable practices as set out in the ERG Clean Cobalt Framework.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Metalkol RTR is a tailings reclamation and environmental restoration facility producing copper cathode and cobalt in hydroxide. It is positioned to become one of the largest producers of cobalt globally upon completion of its Phase II expansion.

For the precursor plant. the Group plans to source nickel sulphate from third parties or produce it itself using nickel raw materials Mixed Hydroxide Precipitate (MHP) or Mixed Sulphide Precipitate (MSP).

“Our aim is to continue to responsibly service a burgeoning battery sector which is set to grow by nineteen times by 2030, according to a recent landmark report by the Global Battery Alliance, a public-private collaboration platform of about 70 international organisations, where ERG is a founding member,” added Sobotka.