Magnis Energy Technologies Ltd (ASX:MNS, OTCQX:MNSEF) is making inroads with its mission to establish a downstream anode active material (AAM) processing plant in the US.
The battery tech and materials company is looking at several possible sites in the US — part of its broader plan to become a superior anode material supplier amid booming demand from the global lithium-ion battery market.
This move aligns with Magnis’ vertically integrated supply chain strategy, which starts with high-grade flake graphite feedstock from its Nachu Graphite project in Tanzania.
Down the line, it’s hoped a downstream processing plant will deliver some of the most sustainable, cost-competitive, high-quality and high-performance coated spherical graphite (CSPG) anode products in the market.
Delivering a superior AAM product
Magnis' chairman Frank Poullas said: “After many years of developing a process based on our Nachu graphite we are excited to announce our plans to produce AAM materials.
“We are confident that the intrinsic high-purity Nachu graphite feedstock comprising of large crystal structure with minimal imperfections and C4V’s unique processing technology will produce and deliver a superior AAM product compared to the competitors in the marketplace.
“With the huge shortage of AAM in the marketplace right now, we look forward to producing sustainable, cost competitive and high-quality anode materials.”
Demonstration plant to full-scale production
Currently, Magnis is in advanced discussions with several potential offtake partners to produce and supply AAM.
Magnis has plans to enter phased AAM production, starting with a demonstration plant before moving to a large-scale CSPG AAM within the next three to five years.
The demonstration plant aims to supply the AAM for the qualification process with the original equipment manufacturers and lithium battery cell manufacturers.
The plant will also validate and demonstrate the scalability of Magnis’ AAM processing technology at a commercial scale.
Read more on Proactive Investors AU
