Media Coverage

Sumitomo Metal bets on Canadian battery materials firm Nano One

September 25, 2023

By Cecilia Jamasmie

Sumitomo Metal Mining (TYO: 5713) is investing $16.9 million ($12.5m) in Canada’s battery materials firm Nano One (TSX: NANO) as part of the Japanese giant’s efforts to find sustainable methods for producing lithium-ion batteries. The companies have also vowed to jointly develop a low-cost, low environmental impact production process for battery cathode materials, which are used in the making of electric vehicles (EVs).

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