Lithium Australia signs lithium-ion battery recycling deal with LG Energy

By Editor


Lithium Australia said its battery recycling unit signed a deal with South Korea’s LG Energy Solution to process at least 250 tons of its lithium-ion batteries over the next year.

LG Energy will deliver the batteries to Envirostream’s facilities in Melbourne, Lithium Australia said. The volumes are nearly a quarter of the collection in fiscal 2022.

Lithium Australia-owned Envirostream recovers around 95 percent of the materials from an exhausted battery, according to its website, and it has recycled more than 85 tonnes of LG Energy’s batteries since 2018.

The company expects a significant increase in processing volumes for FY2023 relative to FY2022 as a result of this agreement, the battery metals supplier said. For fiscal 2022, Envirostream’s battery collection volumes were about 1.09 thousand tons.

The agreement is for an initial term ending on Aug. 31 next year, and will continue on a rolling six-month basis.

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