MoU paves way for Australian firm to supply recycled battery materials to Korea

Envirostream Australia, a 24% owned subsidiary of Lithium Australia, has signed a lithium-ion battery materials offtake deal that includes recycled mixed metal dust (MMD) containing cobalt, nickel and lithium.

The memorandum of understanding with South Korean battery recycler SungEel Hitech involves the exclusive supply of metals extracted from recycled lithium-ion batteries out of Australia. 

Image: SungEel president Mr Kang Myung Yi and Envirostream managing director Andrew Mackenzie shake hands after signing the offtake MoU