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Electra Battery, Rock Tech Ink Lithium Recycling MOU To Upgrade To Battery-grade Lithium Chemicals

RTTNews | il y a 617

Electra Battery, Rock Tech Ink Lithium Recycling MOU To Upgrade To Battery-grade Lithium Chemicals

(RTTNews) - Electra Battery Materials Corp. (ELBM, ELBM.V) on Tuesday signed a memorandum of understanding with lithium development company Rock Tech Lithium (RCK.V) for the development of a partnership to supply recycled lithium from Electra's Ontario battery recycling operations for upgrading to battery-grade lithium chemicals in Rock Tech's lithium refineries.

The companies will leverage their processing expertise to develop a comprehensive, fully sustainable closed-loop service offering for the recycling of lithium-ion battery manufacturing scrap, end-of-life batteries and black mass.

Under the agreement, Electra will supply a portion of the lithium recovered from its black mass refinery north of Toronto to Rock Tech for further processing.

Rock Tech will upgrade the lithium to battery-grade lithium chemicals at its planned lithium converters. This upgrading step is essential to achieve the quality and purity required to qualify the final lithium product for re-use in the manufacturing process of new batteries.

The processing of material is expected to start in an initial phase beginning in 2026. The supply is expected to increase over time, as Electra continues to expand its battery materials park in a modular fashion.

The companies also intend to explore additional collaboration opportunities including possible licensing of Electra's technology for application in Europe and the co-location of future battery recycling and lithium refining plants.

Tags: ELBM RCK.V

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Rebound Anticipated For Taiwan Stock Market

Rebound Anticipated For Taiwan Stock Market

The Taiwan stock market headed south again on Wednesday, one day after ending the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just beneath the 23,450-point plateau although it's likely to bounce higher again on Thursday.

RTTNews | il y a 17 minutes

Higher Open Called For Singapore Stock Market

Higher Open Called For Singapore Stock Market

The Singapore stock market has climbed higher in three straight sessions, gathering more than 70 points or 1.7 percent along the way. The Straits Times Index now sits just above the 4,225-point plateau and it may see additional support again on Thursday.

RTTNews | il y a 47 minutes

South Korea Has $14.27 Billion Current Account Surplus

South Korea Has $14.27 Billion Current Account Surplus

South Korea had a current account surplus of $14.27 billion in June, the Bank of Korea said on Thursday - up from $10.14 billion in May.

RTTNews | il y a 1h 8min

Malaysia Shares Tipped To Open To The Upside

Malaysia Shares Tipped To Open To The Upside

The Malaysia stock market has moved higher in two straight sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it's got another green light for Thursday's trade.

RTTNews | il y a 1h 17min

Japan Stock Market May Crack Resistance At 41,000 Points

Japan Stock Market May Crack Resistance At 41,000 Points

The Japan stock market has moved higher in back-to-back sessions, advancing more than 500 points or 1.2 percent along the way. The Nikkei 225 now sits just shy of the 40,800-point plateau and it's tipped to open in the green again on Thursday.

RTTNews | il y a 1h 32min

Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has moved higher in three straight sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau and it may add to its winnings again on Thursday.

RTTNews | il y a 1h 47min

China Trade Data On Tap For Thursday

China Trade Data On Tap For Thursday

China will on Thursday release July figures for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity.

RTTNews | il y a 2h 47min

U.S. Dollar Drops Against Majors

U.S. Dollar Drops Against Majors

The U.S. dollar weakened against its major counterparts in the New York session on Wednesday.

RTTNews | il y a 3h 48min

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