Environment solution: New metals refinery for nickel and cobalt opens in Ohio

URLhttps://apnews.com/article/battery-critical-minera
Sourceap news
Date Published09/07/2024

Additional Reshoring Information:

Company/Division name Nth Cycle
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):7.2
City reshored to:Fairfield
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Primary Metal Products (not including Foundries and Castings)
Product(s) reshorednickel and cobalt from scrap material
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount: $7.2 million
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