Reed on launch of Neometals lithium battery recycling business in Canada
Christopher Reed, Managing Director of Neometals Ltd. (ASX: NMT) (“Neometals”) in an interview with InvestorIntel Senior Editor, Peter Clausi discuss their lithium battery recycling business. Neometals has developed a process to safely break out the cobalt from a lithium-cobalt battery and are now in the process of building a 100 kilograms a day lithium battery recycling pilot plant in Montreal, Canada. Christopher goes on to discuss Neometals’ lithium Mount Marion project in Western Australia, which is the world’s second largest producer of lithium concentrates. He also comments on Neometals’ Barrambie project, and states it world’s second richest titanium deposit.
Peter Clausi: Neometals has three basic parts to their business, can you explain them?
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Christopher Reed: We have a share in the world’s second largest producer of lithium concentrates, the Mount Marion in Western Australia. We are looking to integrate that into lithium hydroxide production. We have got a lithium battery recycling business and we are commissioning a pilot plant up in Montreal this month. We have the world’s second richest titanium deposit. It also has the benefit of having one of Australia’s highest vanadium reserves as well.
Peter Clausi: Let us start with the recycling…What are you doing and what is your time frame for success?
Christopher Reed: We had a look at the lithium battery supply chain because obviously we are in the lithium industry. We had a look at some of the thematics and the one that stood out was that 60% of the cobalt is coming out of the DRC…to access the complete interview, click here
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