A new US-Korean joint venture has announced plans to launch a major lithium-ion batteries recycling operation in the US.
Metallica Commodities Corp (MCC) and SungEel HiTech said the new company, SungEel MCC Americas (SMA), will “redefine” the lithium-ion battery, e-waste recycling, energy and metals markets in North America— “where consumption of cobalt and lithium has outpaced supply in recent years”.
An independent report by Germany’s independent and non-profit Oeko-Institut has urged the European Union that, when it comes to lithium batteries, to follow the example set by the lead-acid industry in recycling batteries to create a “sustainable” system for conserving raw materials and reusing EV batteries for energy storage.
But the report— ‘Ensuring a Sustainable Supply of Raw Materials for Electric Vehicles’— shows EU leaders that China is already “well ahead” in having a “transparent” structure that efficiently regulates the use of materials in the electro-mobility sector, the Institute said.
UK lithium-ion battery tech firm Hyperdrive Innovation has signed a distribution deal to break into the Asian market through Taiwan’s Foxlink Group.
Sunderland-based Hyperdrive, which develops and manufactures technology for electric vehicles and energy storage systems, told BBB the deal is worth around GBP40 million over the course of the “long-term agreement”.
French lithium-ion battery systems firm Forsee Power is preparing for a “tenfold” increase in production with plans for a new manufacturing facility in the country.
Foresee said the 15,000m² “mass manufacturing” facility to be built in Grand Poitier, western France, will initially run three automated production lines.
Australian graphite producer Magnis Resources said it is acquiring a 10% stake in US based lithium-ion battery technology group Charge CCCV (C4V).
In addition, Magnis has secured an “exclusive agreement over selective patents” which it said will boost the company’s growth in the lithium batteries sector.
Sweden-based lithium-ion battery firm Alelion Energy Systems has acquired the whole portfolio of Caterva— a German liquidation company specialising in advanced technology for energy storage systems.
Alelion said the deal price amounts to SEK14 million ($1.7m), which corresponds to about 10% of previously invested capital and includes “a patent portfolio related to the optimisation of energy storage”.
The launch of modern— and increasingly lower-priced EV lithium-ion batteries— is likely to hamper moves to encourage recycling, a battery expert has warned.
Mike Fetcenko (pictured), MD of BASF Battery Materials North America, said at last week’s International Battery Seminar and Exhibit in Florida: “The economics of recycling for lithium are not mature and they have to become more so.”
The prestigious Japan Prize for science and technology has been awarded to Dr Akira Yoshino for his “significant contributions” to development of the lithium-ion battery, US-based separator firm Daramic has announced.
Dr Yoshino is a fellow of Japan’s Asahi Kasei, of which Daramic is a subsidiary.