The metals refining company behind the new development claims to also be eco-friendly.
Mixed hydroxide precipitate (MHP), a nickel product vital to EV battery development, is going to be produced in the U.S. for the first time by Massachusetts metals refining company Nth Cycle, according to a report by electrek.
Megan O’Connor, cofounder and CEO of Nth Cycle, said about the development: “We can economically and efficiently solve a key supply chain challenge for EV OEMs and battery manufacturers by offering MHP produced from our unique electro-extraction platform.”