Neometals’ 50/50 battery recycling JV ratified by Mercedes Benz plant launch

The Market Herald10-22

Neometals (ASX:NMT) has confirmed its 50/50 JV with Europe’s SMS Group GmbH, called Primobius, is now crucial to Mercedes Benz’s battery recycling strategy. Primobius has been seeking to incorporate ...

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Chemicals will be used to separate each from the other. \nMany anode materials when placed in batteries actually go inside in the form of a foil. \nPrimobius described itself as a “cooperation partner” for the project located in Kuppenheim, south Germany. The facility has a capacity of 2,500tpa with recovered materials to produce “more than 50,000 battery modules” for new BEV Mercedes cars.\n“Together we will generate high-purity, low-carbon footprint battery materials for reuse in the battery supply chain,” Primobius chief Dr. Michel Siemon said, referencing the partnership with Mercedes. \n“The reality is that electric vehicles have a very large legacy CO2 footprint from the production phase owing to the whole life carbon emissions associated with the battery raw materials involved. \n“The concept of electromobility can only be sustainable once we succeed in recovering valuable battery materials in an energy-efficient way. That is exactly what we do with our solutions.”\nNMT last traded at 9.2cps. \nJoin the discussion: See what HotCopper users are saying about Neometals and be part of the conversations that move the markets.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477846741"}