Sumitomo Metal bets on Canadian battery materials firm Nano One
Mining News Pro - 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.
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Sumitomo Metal lifts FY profit forecast on higher gold prices
Mining News Pro - Sumitomo Metal Mining reported a 73% drop in first-quarter profit on Monday, but lifted its full-year profit outlook by 26% thanks to stronger-than-expected gold prices and one-off gains from a weaker yen.
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Sumitomo Metal Mining to produce lithium from 2028
Mining News Pro - Sumitomo Metal Mining will begin producing lithium, a metal used in batteries for electric vehicles, from 2028, the Nikkei business daily reported on Monday.
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