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Manufacturing|Manufacturing
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Lithium Australia inks offtake deal with South Korean battery recycler

13th June 2024

By: Creamer Media Reporter

     

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ASX-listed Lithium Australia on Thursday announced a three-year mixed-metal dust (MMD) offtake agreement with South Korean battery recycler SungEel HiTech.

SungEel will purchase at least 60% of Lithium Australia’s yearly MMD production over three years.

SungEel has been a customer of Lithium Australia since 2020 and has bought more than 300 t of MMD to date, reflecting the market’s growing demand for recycled materials to be used in battery manufacturing processes.

Lithium Australia operates the country’s leading market battery recycler, Envirostream.

Edited by Creamer Media Reporter

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