Talga partners with UK's Altilium to recycle EV batteries
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The news: Battery materials company Talga Group has signed a joint development agreement with clean technology group Altilium Metals to recycle graphite from used electric vehicle (EV) batteries.
The numbers: Through its 100% owned Swedish graphite resources, ASX-listed Talga produces a natural graphite anode that is used to help create products critical to the green energy transition such as EV batteries.
Altilium, a UK-based clean tech company that recycles end-of-life EV batteries and manufacturing debris, is in the process of building one of Europe's largest EV battery recycling plants, with the aim of processing scrap from over 150,000 EVs every year.
Talga shares climbed 2% higher to $0.74 by 1:50pm AEDT.
The context: Under the agreement, Altilium will supply Talga with graphite concentrate from spent batteries collected under a separate joint project between Altilium and Nissan. Talga will purify the graphite concentrate and repurpose the purified graphite powder as battery anode material.
The process is one of several recycling streams Talga is investigating as part of its series of anode products for lithium-ion batteries.
The deal builds on previous grant funded projects between Perth-based Talga and Plymouth-based Altilium, which is backed by global battery material group Sociedad Química y Minera.
As part of previous work together, Talga successfully utilised its purification and processing technology to refine Altilium's black mass graphite for use in Talga's battery anode products.
What they said: Talga CEO Martin Phillips said: "With this collaboration we not only champion a cleaner energy transition but also expand new potential value streams for Talga shareholders".
"We are excited to work with Altilium in optimising the use of recycled graphite in anode material to enable battery makers and automotive OEMs [original equipment manufacturers] to reduce their CO2 footprint, and to support their recycling ambitions," he said.
The source: ASX announcement
