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Icl ( (ICL) ) has provided an update.
ICL Group Ltd. announced a joint venture agreement with Shenzhen Dynanonic to produce lithium iron phosphate (LFP) cathode active material in Europe, targeting leadership in the European battery market. The new production facility will be established in Sallent, Spain, repurposing land from a former potash production site. ICL will hold an 80% share in this venture, with an estimated investment of €285 million. The project is contingent on several conditions, including regulatory approvals from Spanish and Chinese authorities.
More about Icl
ICL Group Ltd. is a company that operates in the chemical industry, focusing primarily on specialty minerals and fertilizers. It is headquartered in Tel Aviv, Israel, and has a significant presence in the global market, particularly in providing solutions for agriculture, food, and engineered materials.
YTD Price Performance: 15.52%
Average Trading Volume: 816,511
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.32B
For detailed information about ICL stock, go to TipRanks’ Stock Analysis page.
