RE:RE:Norlisk and Basf enter into MOU Not Norlisk, focus on BASF. "signed a Memorandum of Understanding and entered exclusive negotiations to cooperate on the supply of raw materials for future battery materials production for lithium-ion batteries in Europe. BASF intends to invest up to €400 million in a first step to build industry-leading production plants for cathode materials in Europe." If your going to build new plants why not use a new cost effective tech. I have been waiting for a signal from a cathode producer to invest. BASF is clearly declaring their intentions. Now we wait to see if NNO will become part of their investment strategy