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RecycLiCo Battery Materials bets on its technology

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(Kitco News) – RecycLiCo Battery Materials has a technology advantage, said CTO Zarko Meseldzija.

Last week Meseldzija spoke to Kitco.

Formerly named American Manganese, the company is focused on lithium-ion battery recycling.

With energy transition underway, the global lithium-ion battery recycling market will be worth about $24.31 billion by 2030 using a 21.43% compound annual growth rate, according to a Market Research Future report published last year. To meet the opportunity, a number of companies announced growth plans and large financings, such as Redwood Materials, headed by the former Tesla co-founder J.B. Straubel, and Li-Cycle, headed by former Hatch engineers. In July Redwood announced that it would spend $3.5 billion on a battery-materials factory in northwest Nevada. Last year, Li-Cycle announced a $100 million financing by Koch Industries.

RecycLiCo Battery Materials touts its tech: minimal processing steps and up to 100% extraction of lithium, cobalt, nickel, and manganese using patented, closed-loop hydrometallurgical process. The company is building a pilot plant in B.C.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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