ABB, Talga sign agreement for Swedish battery anode project

Talga Resources has signed a Memorandum of Understanding (MoU) with global technology leader ABB to support the development and construction of Talga’s Vittangi anode project in northern Sweden.

Talga, an Australian-based battery anode producer and 100% owner of the Vittangi graphite project, is constructing a scalable battery anode production facility and integrated graphite mining operation in northern Sweden. The anode refinery is expected to commence production in 2023.

Following its non-binding tripartite Letter of Intent (LOI) with Luossavaara-Kiirunavaraa Aktiebolag (LKAB) and Mitsui & Co Europe (Mitsui), the company will work jointly with ABB, a Switzerland-based global leader in power and automation technologies to build its anode project in Sweden.

Under the MoU, ABB will utilize its industrial automation and electrification expertise to develop and co-ordinate an extensive suite of production control and process solutions for Talga’s vertically integrated lithium-ion battery anode operations.

In addition, ABB will work together with Talga and its partners to provide engineering support for the Vittangi anode project definitive feasibility study, due for completion in March 2021, with the intent to execute binding agreements for construction and operations at a later date.

“ABB is at the forefront of industrial automation and electrification, and we are very pleased to have their support as we continue to execute on our plan to build Europe’s largest lithium-ion battery anode production facility for more sustainable batteries,” Talga managing director Mark Thompson said.

Björn Jonsson, ABB’s hub division manager North Europe, Process Industries, said: “Supporting the development of Talga’s Vittangi anode project provides us with an additional opportunity to showcase ABB’s leadership in industrial automation and smart electrification, applied towards construction of key operations for the emerging European battery supply chain. This is another milestone for us and our customers in our aim for more sustainable operations and a fossil fuel free society.”

“This is further proof that the lithium-ion battery industry is becoming more globalized and spreading from East Asia to other regions and especially Europe where a large lithium-ion battery and electric vehicle industry is being established. This also goes to show that events like the US/China trade war and Covid-19, as well as climate issues, have accelerated the desire for shorter supply chains and lower CO2 footprints. It is still early days for the electrification era, we have decades of growth ahead,” Fastmarkets’ head of battery raw materials research William Adams said.

What to read next
The US trade roller coaster ride seems to be flattening, with signs of potential moderation and stability. It appears increasingly likely that our original expectation that the US Trump administration would primarily use the threat of tariffs as a negotiating strategy will be correct. While we do not expect to the US tariff position return to pre-2025 levels, we believe the overall US tariff burden is more likely to settle at around 10-30% globally rather than the elevated rates of 50-100% that seemed possible in recent weeks.
Fastmarkets proposes to launch Nordic sawn timber export prices for selected European markets and grades, while discontinuing the PIX Sawn Timber FAS Finland indices. The PIX sawn timber FAS Finland indices have not been widely adopted by the industry and the new price assessments will offer more end-market-specific data for major European markets and will […]
Read Fastmarkets' monthly battery raw materials market update for May 2025, focusing on raw materials including lithium, cobalt, nickel, graphite and more
To increase transparency, Fastmarkets has further clarified how it handles price movements during periods of low liquidity. Factors that Fastmarkets may consider during times of low liquidity include, but are not limited to: market fundamentals such as changes in inventory levels, shipments, operating rates and export volumes; relative fundamentals of similar commodities in the same […]
The publication of the following price was delayed for 10 minutes: MB-ALU-0002 Alumina index, fob Australia, $/tonne This price is a part of the Fastmarkets Base Metals package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price information by becoming a data submitter […]
The Mexico Metals Outlook 2025 conference explored challenges and opportunities in the steel, aluminum and scrap markets, focusing on tariffs, nearshoring, capacity growth and global trends.