Lithium Australia NL’s (ASX:LIT) 24%-owned battery recycling subsidiary Envirostream Australia Pty Ltd has signed an MoU for the sale of recycled battery metals.
The MoU is with South Korean company SungEel HiTech Co., Ltd which is one of the world’s largest battery recyclers.
The product being supplied is mixed metal dust (MMD) containing cobalt, nickel and lithium recovered from lithium-ion batteries (LIBs) at Envirostream’s battery recycling plant in Melbourne.
