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This CEO made $250m in lithium. Here’s where he’s investing next

This CEO made $250m in lithium. Here’s where he’s investing next

Chris Reed made very early and very prescient investments in Australian lithium mining close to his home town of Kalgoorlie, after a brief conversation in 2008 with two old guys.

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When German auto giant Mercedes-Benz asked Chris Reed’s company Neometals to guide its first steps into recycling the batteries that power electric vehicles, it revived a conversation that began with a chance encounter 14 years ago.

Reed had spent his 36th birthday on a work trip to Düsseldorf in November 2008, where a laboratory was conducting trials on the Australian vanadium geology that Reed was hoping to commercialise.

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Peter Ker
Peter KerResources reporterPeter 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
Lap PhanHead of PodcastLap is a podcast producer and actor based in Sydney. He has appeared in numerous film, TV and theatre productions. Connect with Lap on Twitter. Email Lap at lphan@afr.com

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Original URL: https://www.afr.com/companies/mining/meet-the-kalgoorlie-kid-at-the-heart-of-mercedes-benz-s-battery-plan-20220704-p5aytr