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The German chemical giant aims to strengthen ties with major battery metal suppliers, aligning with European authorities and manufacturers seeking to enhance connections in the energy transition. BASF is exploring the feasibility of establishing a factory that would convert lithium from Chilean salt flats into cathode materials required for electric vehicle batteries. Given that the proposal is still in its early stages, the sources requested anonymity.

It is reported that BASF recently signed an agreement with Canadian exploration firm Wealth Minerals Ltd., which will include the procurement of lithium. If the project progresses, BASF will join forces with Chinese companies BYD and Tsingshan Holding Group to construct a cathode factory in Chile.

Source: WeChat Official Account—马里亚钠锂电

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