July 6, 2023: Altilium Metals mentioned at present that it has signed a non-binding memorandum of understanding with Marubeni Company for a lithium ion battery recycling partnership.
The businesses plan to arrange an EV battery recycling enterprise within the UK and Europe – together with making a UK provide chain of end-of-life lithium batteries.
Altilium Metals claims to be the one firm within the UK to get well lithium, nickel and cobalt in a battery-ready cathode energetic materials from waste EV batteries at its scale facility in Devon.
The corporate mentioned it had lately accomplished a feasibility research for the potential growth of an EV battery recycling facility within the north-east of England with the capability to course of scrap from greater than 150,000 EVs per 12 months and produce greater than 20% of the UK’s anticipated CAM (cathode energetic materials). ) demand in 2030.
Altilium CEO Kamran Mahdavi mentioned the partnership with Marubeni may even embrace work to safe the provision of feedstock together with black mass and gigafactory scrap in addition to additional growth of Altilium’s proprietary CAM expertise.
