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How Is Neometals and Mercedes Transforming Battery Recycling with Its Latest Venture? — ASX:NMT| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$NMT
How Is Neometals and Mercedes Transforming Battery Recycling with Its Latest Venture?
Neometals and Mercedes-Benz Embark on Pioneering LiB Recycling Venture
Neometals Ltd (ASX: NMT & AIM: NMT), an innovative battery materials recycler, announces a significant advancement in its partnership with Mercedes-Benz. This collaboration marks a pivotal step in the lithium-ion battery (LiB) recycling sector, emphasizing sustainable practices in the automotive industry.
The Groundbreaking Kuppenheim Facility
Mercedes-Benz, a leading automotive company, has entered the field of LiB recycling with its state-of-the-art facility in Kuppenheim, Germany. Aimed at reducing resource consumption, this facility underscores Mercedes' commitment to eco-friendly practices and closed-loop recycling. The plant is designed to recover essential materials such as lithium, nickel, and cobalt, which will be reused in the production of new Mercedes vehicles.
Partnership between Neometals and SMS group
Primobius GmbH, a 50:50 joint venture between Neometals Ltd and SMS group GmbH, is at the forefront of commercializing a patented LiB recycling process. This joint venture combines Neometals' expertise in sustainable battery materials production
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with SMS group's prowess in global plant manufacturing.
Fabrication and Commissioning of the Hydrometallurgical Refinery
Primobius has received a purchase order from Mercedes-Benz for approximately €18.8M (~ A$30.8M), marking a significant milestone. This order entails the fabrication, installation, and commissioning of the hydrometallurgical refinery, known as the Hub, at Kuppenheim. This Hub is integral to the Mercedes LiB Recycling Pilot Plant, which includes both the "Mercedes Spoke" and the "Mercedes Hub."
Primobius' Role in Meeting Industrial Scale Needs
With the successful commissioning of the Mercedes Pilot Plant, Primobius is set to significantly de-risk and scale up to an annual capacity of 21,000tpa. This expansion aligns with Mercedes-Benz's future recycling requirements and demonstrates the scalability and efficacy of Primobius' technology.
Broadening Horizons in Battery Recycling
Neometals is dedicated to sustainable processing technologies, producing critical and strategic battery materials with minimal carbon footprint. Its core business units focus on LiB recycling, lithium chemicals, and vanadium recovery, all aiming to reduce reliance on traditional mining and establish more resilient, circular supply chains.
Installation of the Spoke Plant and Hub Equipment Fabrication
Primobius has commenced the installation of the Spoke plant equipment and will begin fabricating the Hub equipment. This step is crucial for the complete integration and operational efficiency of the Kuppenheim facility.
Neometals Ltd, in collaboration with Mercedes-Benz and SMS group, is pioneering the path towards sustainable lithium-ion battery recycling. This venture not only promises significant environmental benefits but also positions Neometals as a leader in the circular economy of battery materials.
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Lykeshares
154d
Official
Berkshire is hoarding so. much. cash.
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Lykeshares
154d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares
1y
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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