Huayou Cobalt agrees to supply Ningbo Ronbay with battery precursor materials

Chinese battery materials producer Huayou Cobalt has signed a strategic cooperation agreement with Ningbo Ronbay New Energy Technology Co for the supply of precursor materials through December 31, 2030, the former said on Saturday November 20.

Under the agreement, Ronbay will purchase no less than 180,000 tonnes of precursor materials from Huayou over January 1, 2022 to December 31, 2025.

Purchase volumes are expected to increase to 415,000 tonnes by the end of 2030 under the condition that Huayou can provide...


Carrie Shi

November 22, 2021

09:39 GMT