Neometals’ battery recycling joint venture has progressed talks with Mercedes-Benz to build a 2500 tonne a year lithium-ion battery recycling plant in Germany, as the world’s automotive giants step up the response to soaring demand for electric vehicles.
Amid sky-high lithium prices as demand for batteries outpaces supply, Perth-based Neometals will on Monday confirm Mercedes’ plans to partner with its 50-per cent owned business Primobius for the design and construction of the plant in Kuppenheim.
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Michael Bennet is WA reporter for The Australian Financial Review based in Perth. He has worked as a journalist for more than a decade, including at The Australian where he was senior banking reporter and also covered economics, markets and deals. Connect with Michael on Twitter. Email Michael at michael.bennet@afr.com
