Lithium production and battery recycling firm Livium, previously known as Lithium Australia, has started discussions with Australian and International developers of rare earth element (REE) extraction technologies, to support growing demand for REE recycling through collaborations such as licensing agreements.
REE extraction would be an extension of recycling services for Livium’s enterprise client base, representing an untapped commercial opportunity for the company. Recycling will account for a portion of the $9.6-billion global addressable REE market by 2026, the company noted.
Livium’s Envirostream subsidiary already performs similar steps to the rare earth recycling process, including shredding, grinding, and magnetic separation. Envirostream is also connected to the REE end-of-life supply chain, through its clean energy generation and e-mobility clients, providing an opportunity to expand its service offering.
As part of its plan to pursue opportunities that are adjacent to its core strategy, Livium is also in advanced discussions to license its cathode powder manufacturing process VSPC in non-core jurisdictions. VSPC combines the advantages of solid-state and solution-phase synthesis methods to produce lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) powders while maintaining control of product characteristics and quality.
“By actively pursuing options to commercialize REE extraction technologies, we are strategically positioning Livium to meet this growing demand while remaining anchored in our strengths in resource recovery and process innovation,” said Simon Linge, Livium’s CEO and Managing Director.
Source: Livium
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