Electra Battery Materials Corporation (Electra), a listed Canadian battery material recycler, has recovered lithium, a critical mineral needed for the electric vehicle (EV) battery supply chain, in its black-mass recycling trial conducted at its refinery in the north of Toronto.
Electra’s recovered material will be sold to third-party companies for additional processing and reuse in several applications.
According to the company’s CEO, recovering lithium from black mass could have a major impact on the US EV supply chain. By recycling lithium from expired batteries through hydrometallurgy, the carbon footprint of manufacturing electric vehicles can be reduced; this represents an important source of future supply for a commodity, where its demand is expected to grow significantly in the coming years.
Analyst QuickTake : In February 2023 , Electra completed its first plant-scale recycling of black mass and recovered critical metals, including nickel, cobalt, and manganese, needed for the EV battery supply chain using its proprietary hydrometallurgical process at its refinery in the north of Toronto.
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