Australian based company Neometals Limited (ASX: $NMT; FSE: $9R9) is leading the EU and global charge towards a circular economy with its joint venture with German engineering giant SMS Group. The JV is named “Primobius” and is developing and commercialising an efficient, environmentally process.

The technology for the battery recycling has been 5 years in development and has many features providing it with a competitive advantage over other battery recycling techniques.

The 2 stage process involves firstly shredding and sorting scrap or end-of-life batteries using a unique and sustainable hydrometallurgical approach. This represents an extremely safe method of extracting metals at ordinary temperatures using recirculating solvents to bring high-purity chemicals back into the supply chain.

Witrh new laws in the EU requiring supply chain risk analysis of indirect suppliers plus a ban on imports of products associated with forced labor - this shift towards battery recycling will grow rather than extraction of raw materials.

The EU commission will require that 100% of end-of-life EV batteries are recycled.

https://www.greenleiter.com/post/neometals-limited-at-the-forefront-of-battery-recycling-in-europe-and-globally

Submitted October 21, 2021 at 05:21AM by Intelligent_Fox2637 https://ift.tt/3vtPAx2