- FYI Resources (FYI) is set to partner with graphite producer Ecograf (EGR) to develop high purity alumina for the lithium-ion battery market
- The parties entered a non-binding memorandum of understanding to jointly fund a high purity alumina (HPA) development program
- FYI cites HPA’s use in lithium-ion batteries and its ability to improve battery chargeability, performance and overall durability
- FYI says the parties will work to agree on commercial principles for further collaboration once initial test work programs have been completed
- FYI Resources shares are up 3.97 per cent to trade at 78.5 cents and Ecograf shares are down 1.12 per cent to trade at 88 cents at 2:27 pm AEST
FYI Resources (FYI) is set to partner with Western Australian-based graphite producer Ecograf (EGR) to develop high purity alumina for use in the lithium-ion battery market.
The companies informed the market today they had signed a non-binding Memorandum of Understanding to undertake a jointly funded technical program to develop High Purity Alumina (HPA) carbon coatings.
HPA is used in batteries as a coating on seperator membranes within a battery cell. According to initial research cited by FYI, it has been shown to improve battery chargeability, performance, safety and overall durability.
“Research indicates that the HPA coating vastly minimizes the first cycle power loss during battery charge and discharge cycles due to the effect of the protective HPA layering,” FYI explained in a statement.
The company’s initial technical program will include FYI’s HPA and EcoGraf’s purified spherical graphite (SPG) to produce and evaluate high purity alumina-doped carbon-coated SPG.
FYI said the parties would look to agree on commercial principles for further collaboration once initial test work programs had been completed.
FYI Resources shares were up 3.97 per cent to trade at 78.5 cents and Ecograf shares were down 1.12 per cent to trade at 88 cents at 2:27 pm AEST.