In Tokyo, at the first Indo-Pacific Energy Security Ministerial and Business Forum, Nth Cycle (a critical metals refining company) signed a massive US$1.1 billion, 10 year, agreement to provide recycled battery metals.
Refining battery metals in the US and Europe has been difficult to scale up because the more traditional refineries often require billions of dollars in upfront investment, take a long time to get all the necessary permits and require huge amounts of material in order to be profitable.
Nth Cycle says that its process is different and can be operated without the constraints of traditional refineries and is profitable at much smaller scales.
Source: Electrek: Read The Article
PSR Analysis: The world of battery recycling is developing at a fast rate but the real significance of this is the scale – despite being profitable at smaller scales, this deal is for thousands of tons of material. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
