A wholly owned subsidiary of Lithium Australia and black mass producer, Envirostream, has had a busy March, signing multiple supply and offtake agreements, cementing its place in the Australian battery recycling market. On the 7th of March, it signed a Memorandum of Understanding (MoU) with Korean recycler, SungEel HiTech, for the offtake of black mass. On the 18th of March, it signed an exclusive battery recycling agreement with LG Energy Solution (LGES). On the 25th of March, it signed an agreement with Hyundai Glovis to provide recycling services for all the group’s batteries in Australia.

Three agreements covering feedstock supply and pre-treatment processing

The MoU between SungEel Hitech and Envirostream formalises an existing relationship between the pair. It facilitates the sales of black mass between the two whilst an offtake agreement is finalised. The MoU covers mechanisms for black mass pricing but does not stipulate minimum volume requirements. 

Envirostream’s agreement with LGES will…

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