ETtech Atlas Materials, which has developed a new technology to process low-grade nickel that can be used for electric vehicle batteries, has raised $27 million ahead of building a pilot plant in North America, the start-up firm said on Thursday. U.S.-based Atlas said it has come up with a way to treat a type of nickel ore usually used as an ingredient in stainless steel into a form that can be used for EV batteries with low emissions and no waste. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisit The company aims to launch production at a pilot plant at one of three possible sites in either Canada, or the United States, by 2027 with 1,800 metric tons of annual nickel output, CEO Jeremy Ley told Reuters. Atlas came up with new technology to process sapr...

Price trend According to the Commodity Analysis System of toodudu, the price of flake caustic soda had stabilized this week. At the beginning of the week, the price was 3,625 RMB/ton, while at the weekend, the price was 3,650 RMB/ton, with a price increase of 0.69% and a year-on-year decrease of 20.65%. This week, the price of flake caustic soda was consolidated. Upstream caustic soda According to the Commodity Analysis System of toodudu, the price of caustic soda had risen this week. At the beginning of the week, the average market price in Shandong was 937 RMB/ton, and on the weekend, the average market price in Shandong was 1,021 RMB/ton, an increase of 8.96%, and a decrease of 10.75% compared to the same period last year. Market outlook Analysts from toodudu believe that the price of caustic soda was consolidating at a high level this week. The quotation was relatively firm, and downstream demand had been on the sidelines recently. The supply and demand gamed. Overall, the price...