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:: Neometals to Pilot Lithium Battery Recycling Process
Neometals Ltd is pleased to announce that, in line with its strategy to diversify into the downstream lithium/battery material supply chain, it will build a pilot plant in Canada to accelerate the commercialisation of the Company’s technology to recycle lithium ion batteries to recover high value materials.
Neometals has co-developed a technology to economically recover high-value cobalt (99.2% recovery) as a material that can be re-cycled within the battery manufacturing chain. The cobalt supply chain is under stress due to the rapid increase in demand from battery manufacturing and a supply chain that is dominated by co-production in high sovereign risk locations. It is currently estimated that less than 5% of used lithium-ion batteries are recycled as disposal is typically either paid-for recycling or landfill.
Agreements have been executed to construct the pilot-scale hydrometallurgical plant at Neometals’ Montreal laboratory (image next page). The plant, which is anticipated to be operational in July, will complete continuous test work at a rate of 100kg/day of batteries, testing the recovery of high-purity cobalt, lithium, nickel and other base metals from lithium batteries typically used in the electric vehicles (Lithium-Nickel-Manganese-Cobalt or NMC). The plant will have the flexibility to treat lithium batteries from consumer electronics (laptops/phones) containing the Lithium-Cobaltate or LCO cathode formulation.
The full announcement can be downloaded here:
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