Neometals accelerates Mercedes-Benz’s lithium recycling plans

Neometals’ battery recycling joint venture has progressed talks with Mercedes-Benz to build a 2500 tonne a year lithium-ion battery recycling plant in Germany, as the world’s automotive giants step up the response to soaring demand for electric vehicles.

Amid sky-high lithium prices as demand for batteries outpaces supply, Perth-based Neometals will on Monday confirm Mercedes’ plans to partner with its 50-per cent owned business Primobius for the design and construction of the plant in Kuppenheim.