Rain Industries Shares Zommed ~8%: Rain Carbon and Northern Graphite Signed Agreement

Northern Graphite Corporation (NGC) and Rain Carbon Inc, a wholly owned subsidiary of Rain Industries Limited have announced a joint development agreement (JDA) to create advanced battery anode material (BAM) for electric vehicles. The collaboration aims to address the stability gap between natural and synthetic graphite, enabling increased use of natural graphite in EV batteries.

Under the JDA, Northern and Rain Carbon will jointly develop and commercialize natural graphite BAM products designed to improve cycle life, charging speed, and reduce electrode swelling. This innovation leverages Northern’s Battery Materials Group (NGCBM) and Rain Carbon’s Technology Innovation Center for Energy Storage Materials.

NGCBM’s state-of-the-art laboratory in Frankfurt, Germany, is capable of producing BAM from Northern’s Lac-des-Îles graphite mine in Canada and building lithium-ion batteries tailored to automaker specifications. Rain Carbon’s Innovation Center in Hamilton, Canada, offers a 30,000 sq. ft. facility for developing battery-grade carbon and carbon precursor products, including demonstration plants and laboratories for material analysis.

The key to producing high-performance BAM lies in applying a protective carbon layer to spherical natural graphite. This coating enhances the solid electrolyte interface (SEI), improving coulombic efficiency and tuning the performance of lithium-ion insertion.

As the world transitions to a net-zero economy, battery makers are seeking to minimize their carbon footprints. Natural graphite-based electrode materials produced through ecologically sustainable processes align with this goal.

“This exclusive JDA is a significant milestone for our companies and the industry, as it enables increased use of natural graphite in battery anode materials by lowering costs and addressing the environmental concerns linked to synthetic graphite while enhancing key performance metrics such as cycle life, charging speed and stability,” said Northern’s Chief Executive Officer, Hugues Jacquemin. “By leveraging Northern’s expertise in mining, milling, shaping and purifying natural graphite alongside RAIN’s advanced coating capabilities, we are positioned to produce the lower-cost, higher-quality BAM that battery manufacturers and consumers are demanding.”

“We are delighted to partner with Northern in this development collaboration, which will allow us to expand and tailor our existing portfolio of LIONCOAT® battery-grade carbon precursors, while also advancing new, efficient and sustainable coating technologies through our Innovation Center in Hamilton, Canada,” said RAIN’s President, Gerard Sweeney. “This partnership enables us to combine our strengths in raw material integration and processing to produce high-performance battery anode materials, accelerating the development of innovative solutions for the rapidly growing lithium-ion battery market.” 

On October 10, 2024, Rain Industries shares opened at ₹170.60 and touched the day high of ₹178.65 at 09:20 AM.

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