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Why the real money is in lithium recycling, not mining

Chris Reed made a very early investment in lithium close to his home town of Kalgoorlie, after a chance encounter in Düsseldorf with “two old cats”.

One of those old guys was the head of R&D at Daimler, and he advised Reed to “get into lithium”. Reed’s punt paid off. “We made just under a quarter of a billion off a couple of a million dollar investment.”

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Lap Phan was head of podcast at The Australian Financial Review. Connect with Lap on Twitter.

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    Original URL: https://www.afr.com/companies/energy/this-ceo-made-250m-in-lithium-here-s-where-he-s-investing-next-20220706-p5azi5