Johnson Matthey announces strategic partnership for sustainable battery materials production and secures critical raw materials supply

London (ots/PRNewswire) - - JM takes a further major step to create a leading,
sustainable electric vehicle ecosystem

- Setting a new standard in sustainability with second plant to be powered by
renewable energy, using responsibly sourced nickel, cobalt and lithium raw
materials, and employing an innovative effluent treatment solution

- Strategic partnership with Finnish Minerals Group to locate second commercial
plant for eLNO cathode materials, with nameplate capacity of 30kT, in Finland

- Finnish Minerals Group to invest to develop integrated supply of critical raw
materials and effluent treatment solution for JM plant

- Long-term sustainable supply of critical raw materials for Europe

- Nornickel for supply of nickel and cobalt, and SQM for supply of lithium
hydroxide

Johnson Matthey (JM), a global leader in sustainable technologies, today
announces significant strategic developments in the commercialisation of eLNO -
its portfolio of leading nickel rich advanced cathode materials - which put JM
at the forefront of providing a sustainable and secure supply of cathode
materials for customers, in line with our vision for a cleaner, healthier world.

1. Partnership with Finnish Minerals Group to support development of our
previously announced second commercial plant, which will be in Finland,
powered solely by renewable energy and incorporating an innovative effluent
treatment solution
2. Long term sustainable supply of critical raw materials for battery materials
production secured, creating an efficient battery electric vehicle supply
chain - we have signed a term sheet for the supply of nickel and cobalt from
Nornickel, and an agreement for the supply of lithium hydroxide from SQM

These important developments further strengthen our position in the value chain,
setting a new standard of sustainability in the production of high performance
cathode materials that enable greater adoption of long range, pure battery
electric vehicles. Working together with these partners and building on our 45
years' experience in serving the automotive industry, we can deliver for our
customers as they expand into the fast-growing battery electric vehicle market
and ultimately give consumers confidence in both the performance and
sustainability of their car.

Finland selected as location for second plant and partnership with Finnish
Minerals Group

In scaling up our battery materials business, we have begun the front-end
engineering design for our second commercial plant which we announce today will
be located in Vaasa, on the west coast of Finland - a region that aims to create
an ecosystem of sustainable technologies. Finland has a favourable battery