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Today's Market View - Altus Strategies, Beowulf Mining, Mkango Resources, and more...

Today's Market View - Altus Strategies, Beowulf Mining, Mkango Resources, and more...
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In Karnataka, the new $ 800 million factory is aiming to take on a big China monopoly


In Karnataka, the new $ 800 million factory is aiming to take on a big China monopoly
0 1 3 minutes read
Epsilon plans to produce 100,000 tonnes of synthetic graphite anodes by 2030. (Representative image)
Son-in-law of India’s largest steel tycoon is betting big on converting coal tar to graphite anode for electric car batteries to test China’s monopoly in the region.
Vikram Handa founded Epsilon Advanced Materials Private Limited. The first manufacturer of lithium ion battery parts in India – in August in the southern state of Karnataka, sourcing raw materials from the country’s largest steel mill owned by his father. Law, Sajjan Jindal. Handa plans to invest 60 billion rupees ($ 807 million) by 2030 to produce 100,000 tons of synthetic graphite anodes, or about 10% of projected global demand. ....

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Investegate |Beowulf Mining PLC Announcements | Beowulf Mining PLC: Memorandum of Understanding with EAMPL


 
Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development company, is pleased to announce the signing of a Memorandum of Understanding ( MoU ) with Epsilon Advanced Materials Private Limited ( EAMPL ), a subsidiary of Epsilon Carbon.
The MoU enables Beowulf s
100 per cent. owned subsidiary Oy Fennoscandian Resources AB ( Fennoscandian )
to build its downstream capability, collaborating with a strong and innovative technology/processing partner, and for EAMPL to firmly establish itself in Finland, as a market-entry point for supplying pre-cursor anode material into Europe.
 
Purpose
of the MoU
·
Develop the concept of a strategic processing hub (the Hub ) for both natural flake and recycled graphite to be located in Finland; ....

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