{
  "id": 889439,
  "title": "Altmin is building India's first factory to manufacture the cathodes inside lithium batteries",
  "url": "https://urgent.news/2026/08/14/altmin-is-building-indias-first-factory-to-manufacture-the-cathodes",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-14T16:32:31.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/08/altmin-lithium-battery-cathode-factory"
  },
  "original_language": "en",
  "account": "Altmin, founded in 2023 by Anjani Sri Mourya Sunkavalli and Kiriti Varma, is building India's first factory to manufacture cathodes for lithium-ion batteries. The company aims to become supply-chain integrated, producing cathode materials from refining ore to finished powder. In 2023, Altmin and ARCI established a 10-megawatt pilot plant at Balapur, producing around 100 kilograms of lithium iron phosphate (LFP) per day. In March 2025, Altmin unveiled plans for a Rs 750 crore facility at Divitipally, Telangana, with an initial capacity of 8 gigawatt-hours and a target of 100,000 tonnes per year by 2030. In June 2025, the company announced a 2026 launch target. Altmin has secured raw material sourcing through a partnership with Bolivia's state lithium company, YLB, and has a research agreement with the University of Warwick. Additionally, Altmin has acquired a lithium refinery in Brazil, collaborating with Brazilian miner Companhia Brasileira de Litio. The company's progress includes being listed with the Minerals Security Partnership in September 2025, a US-led alliance focused on diversifying critical mineral supply chains.",
  "summary": "The Hyderabad-based company makes lithium iron phosphate cathode active material, the single most expensive component in a battery cell, which India currently imports almost entirely.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}