Recycled batteries' rare earth elements are being targeted for extraction by Livium
Livium, a company formerly known as Lithium Australia, is making strides in the realm of rare earth element (REE) extraction. The company is focusing on recovering REEs from recycled electric vehicle (EV) batteries, aiming to tap into the projected USD 9.6 billion global REE market by 2026.
In order to enhance its REE recycling capabilities, Livium has initiated discussions with international REE developers and Australian technology providers. These potential collaborations and licensing agreements could pave the way for significant advancements in Livium's REE extraction technologies.
Livium's subsidiary, Envirostream, is already well-positioned within the REE end-of-life supply chain. Through its connections with clean energy and e-mobility sectors, Envirostream performs steps similar to the rare earth recycling process, albeit without specific details about its role in REE extraction being provided.
Simon Linge, CEO and Managing Director of Livium, has stated that the company is actively pursuing options to commercialize REE extraction technologies. This strategic extension of Livium's core strengths in resource recovery and process innovation could extend its recycling services to an untapped commercial opportunity.
Moreover, Livium is in advanced talks to license its proprietary cathode powder manufacturing process, VSPC, which produces lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) powders, to expand into non-core markets. VSPC maintains control of product characteristics and quality while producing these essential powders.
The global addressable REE market is projected to reach USD 9.6 billion by 2026, with recycling accounting for a portion of this. Livium aims to strategically position itself to meet the growing demand for REE extraction while maintaining its focus on resource recovery and process innovation.
As the global REE market shows significant movement, with companies like Lynas increasing REE production capacity and innovative extraction methods emerging, Livium's efforts could play a crucial role in the future of REE supply. The company's advancements in REE extraction technology, coupled with its focus on recycling, position Livium well to capitalize on the growing demand for REEs.
- Livium, with its focus on REE extraction, could potentially see significant advancements in its technology by partnering with international REE developers and Australian technology providers, aiding in the growth of the environmental-science sector.
- The company's strategic aim to commercialize REE extraction technologies and its ventures into non-core markets, such as licensing its VSPC process, could propel Livium into the forefront of the burgeoning technology landscape within the renewable energy and environmental-science spheres.
