Anglo American and Platinum Group to develop next generation battery technology. Credit: © Anglo American.

Anglo American Platinum and Platinum Group Metals have launched a joint venture (JV) to develop next-generation battery technology using platinum and palladium.

Called Lion Battery Technologies, the JV has also signed an agreement with Florida International University to further develop a research programme that uses the metals to release the potential of lithium air and lithium sulphur battery chemistries to increase their discharge capacities and cyclability.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Under the terms of the agreement with Florida International University, Lion will gain full rights to all intellectual property developed. It will also lead all commercialisation efforts.

The new venture is currently in the process of reviewing various additional and complementary opportunities focused on developing next-generation battery technology using platinum and palladium.

Anglo American Platinum market development executive head Benny Oeyen said: “This exciting early-stage technology aligns with our broader strategy to bring new technologies to market that will help us secure future demand for the platinum group metals we mine and pave the way to a more sustainable energy future.

“Our commitment to market development is underscored by our relationship with AP Ventures, of which we are a cornerstone investor and who is a potential investor in this technology as it matures.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The advanced battery technology development by both companies will enable them to create increasing demand for platinum and palladium in the battery technology space.

Platinum Group Metals CEO Michael Jones said: “Developing new applications for platinum group metals is key to ensuring long-term sustainable demand, demand which will be important to the future success of our large-scale Waterberg palladium and platinum mining project in South Africa.”