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On July 28, 2021, Johnson Matthey announced the acquisition of assets and intellectual property from Oxis Energy, a lithium-sulfur battery developer that entered administration on May 19, 2021. This acquisition aims to enhance JM's Green Hydrogen business by enabling the production of tens of thousands of catalyst coated membrane parts annually, essential for electrolysers. The purchase also includes a significant IP portfolio in next-generation battery technologies, positioning JM to meet rising demand in the green hydrogen market and advance battery material innovations.
The latest report by Johnson Matthey indicates that palladium and rhodium will continue to face supply deficits in 2021 due to recovering global auto production and stricter emissions regulations. Platinum is expected to move into surplus despite a 27% increase in autocatalyst demand, as higher prices are limiting investment. South African supplies are set to rebound by nearly 40%. Palladium and rhodium prices have reached record highs above $3,000 and $30,000, respectively. Analysts suggest increasing demand for platinum in hydrogen applications, driven by global net-zero commitments.
Johnson Matthey has signed a Memorandum of Understanding with Stena Recycling Group to create a sustainable value chain for lithium-ion battery recycling in Europe. This partnership aligns with the growing demand for recycling, projected to rise ten-fold by 2030 due to the increasing use of electric vehicles. The collaboration aims to enhance the recycling process and produce refined materials for battery manufacturing, promoting circularity in the supply chain. Both companies emphasize the importance of this initiative in achieving net-zero emissions and supporting a sustainable future.
Johnson Matthey (JM) announced strategic developments in sustainable technologies, focusing on its eLNO nickel-rich advanced cathode materials. A partnership with Finnish Minerals Group will support a second commercial plant in Vaasa, Finland, powered by renewable energy. JM secured a long-term supply of nickel, cobalt, and lithium hydroxide from Nornickel and SQM, establishing a sustainable battery materials supply chain. The planned plant will have a capacity of 30kT and aims to address the forecasted raw material deficits for electric vehicles, enhancing JM's market position.
Johnson Matthey (JM) has entered a strategic partnership with Envision Virgin Racing to co-develop the first two-seater electric race car powered by JM's eLNO battery cathode materials. This collaboration marks a significant step in the commercialization of eLNO, showcasing JM's technology in the ABB FIA Formula E World Championship, which features exclusively electric vehicles. The multi-year sponsorship aligns with the team's 'Race Against Climate Change' initiative, emphasizing a shared vision for a sustainable future.
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