We are proud to announce that BASF, one of the world’s leading producers of battery materials, and American Battery Technology Company are joining forces to form a partnership to provide the North American market with a regional, closed-loop solution for lithium-ion batteries.
On March 31, 2022, President Biden invoked the Defense Production Act for Battery Materials. ABTC accepted the challenge to secure a domestic supply chain for critical and strategic battery metals through environmentally and socially responsible means, as has been deemed essential to the national security of the United States.
There is rapid growth in the demand for lithium-ion batteries that power our vehicles, stationary grid storage systems, and consumer electronics. Upstream domestic production capacities of the battery metals that supply these operations have not kept pace. This has led to three paramount challenges that must be addressed.