ASX-listed Lithium Australia on Thursday announced a three-year mixed-metal dust (MMD) offtake agreement with South Korean battery recycler SungEel HiTech.
SungEel will purchase at least 60% of Lithium Australia’s yearly MMD production over three years.
SungEel has been a customer of Lithium Australia since 2020 and has bought more than 300 t of MMD to date, reflecting the market’s growing demand for recycled materials to be used in battery manufacturing processes.
Lithium Australia operates the country’s leading market battery recycler, Envirostream.