Lithium Australia signs battery recycling agreement with SungEel
Lithium Australia signs battery recycling agreement with SungEel Envirostream Australia, a subsidiary of Lithium Australia (ASX: LIT), has signed a three-year mixed metal dust (MMD) offtake agreement with SungEel HiTech for battery recycling. Under the agreement, SungEel will purchase a minimum of 60% of Lithium Australia’s annual MMD production, subject to certain minimum quality requirements. SungEel has been a customer of Lithium Australia since 2020 and has purchased more than 300t of MMD, reflecting the growing demand for recycled materials for use in battery manufacturing processes. SungEel recently opened the third hydro centre in South Korea which is the largest...