Lithium Miner Eyes Even Greater Riches in Piles of Battery Waste
- Recycling raw materials has good revenue potential: Neometals
- Processing scrap batteries seen becoming key source of metals
Photographer: Krisztian Bocsi/Bloomberg
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Recycling lithium material from used electric vehicle batteries promises to be even more profitable than mining the increasingly valuable metal, according to an Australian producer building a test facility in Canada.
Perth-based Neometals Ltd. is working to recover raw materials including lithium, cobalt, nickel and copper from expired batteries at a facility in Montreal, aiming to add production from recycling to its existing output from mining.