An important new player is added to the battery sector

The arrival of another important player in the battery sector has just been made official in Bécancour. Quebec announced the granting of a $7.5 million loan to the South Korean company Mirae Advanced Materials. This will act as an intermediary in the manufacturing of cathodes for electric vehicle batteries.

The project is valued at $68 million. Ultimately, nearly a hundred jobs will be created.

Advanced materials Mirae Canada works in the grinding into fine particles of different materials used in the manufacturing of batteries.

Two types of materials will be processed in this new plant: lithium hydroxide and cathode material additives.

The factory will have a minimum annual production capacity of 30,000 tonnes of materials.

It will take lithium hydroxide and other materials and grind them finely so that it can feed into cathode factories.explains the Minister of the Economy, Innovation and Energy Pierre Fitzgibbon.

The latter maintains that with Mirae, the battery sector adds a new player in the supply chain.

The Mirae facility in Bécancour brings essential expertise to the processing of strategic minerals essential to the green battery.

Donald Martel, Member of Parliament for Nicolet-Bécancour, believes that this is good news for the economic development of the region.

This new factory will help solidify our expertise in the battery sector and will become an added value for the energy transition Valley innovation zonehe says.

A symbolic first shoveling of the ground took place on Wednesday. However, construction of the factory had been underway for several weeks already.