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Australian acquisition looks to close recycling loop

Tue, 04/09/2019 - 15:45 -- Hugh Finzel

Lithium Australia (LA) is to acquire a minority stake in lithium-ion battery (LIB) recycling company Envirostream, as part of its mission to “close the loop on the energy-metal cycle”.

The acquisition comes after LA started producing lithium-iron-phosphate battery cathode material from waste batteries at its re-commissioned pilot facility in Brisbane.

LA will invest a total of AUD600,000 (US$429,000) for 560 shares in Victoria-based Envirostream— currently representing 18.9% of the company’s issued capital.

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