ICL & Dynanonic Ink Deal to Produce LFP for European Battery Market

ICL Group Ltd. (ICL) recently announced that it has entered into a joint venture (JV) agreement with Shenzhen Dynanonic Co., Ltd. to produce lithium iron phosphate (LFP) cathode active material (CAM) in Europe, with an initial investment of roughly €285 million. A new plant at ICL's Sallent, Spain, site is being planned, which will significantly expand the company's battery materials business. The initiative illustrates ICL's efforts to produce high-quality solutions for a sustainable supply chain and marks ...