July 6, 2023: Altilium Metals stated as we speak 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 EV battery recycling companies within the UK and Europe – together with making a UK provide chain for end-of-life lithium batteries.
Altilium Metals claims to be the one UK firm to get better lithium, nickel and cobalt in a battery-ready lively cathode materials from waste EV batteries at its scale facility in Devon.
The corporate says it has just lately accomplished a feasibility research for the potential improvement 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 yr and produce greater than 20% of the UK’s anticipated CAM (cathode lively materials). ) demand in 2030.
Altilium CEO Kamran Mahdavi stated the partnership with Marubeni may even embody work to safe the provision of feedstock together with black mass and gigafactory scrap in addition to additional improvement of Altilium’s proprietary CAM know-how.
