M2i Global, Volato, and Next-Gen Energy Launch Australia’s First Li-NCA Cathode Plant Outside China

Reuters
2025/12/16
M2i Global, Volato, and Next-Gen Energy Launch Australia's First Li-NCA Cathode Plant Outside China

M2i Global Inc., in collaboration with Volato Group and Next-Gen Energy Technology, has announced significant progress in their strategic partnership and offtake agreement for Lithium Nickel Cobalt Aluminum (Li-NCA) cathode materials. The partnership aims to establish the first Li-NCA cathode materials manufacturing plant outside of China, with the pilot facility in Australia on track for commissioning by the second quarter of 2027. Full-scale production is expected by 2028, with a planned capacity of 10,000 tons per year, generating an estimated US $340 million in annual revenue. This initiative is part of a broader effort under the U.S.-Australia Critical Minerals Framework to diversify supply chains, support energy transition, and create economic opportunities in both countries.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. M2i Global Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9602930-en) on December 16, 2025, and is solely responsible for the information contained therein.

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