- Write by:
-
Tuesday, October 24, 2023 - 23:24:54
-
132 Visit
-
Print
Mining News Pro - Franco-Italian automaker Stellantis said on Tuesday it planned a joint venture with French nuclear fuels firm Orano to recycle used electric vehicle batteries and scrap materials from its gigafactories in Europe and North America.
The two companies said in a statement they had signed a memorandum of understanding leading to the joint venture, subject to agreement on definitive documentation.
No financial details were provided.
The deal will give Stellantis, parent company of brands including Peugeot, Fiat and Jeep, additional access to the cobalt, nickel and lithium necessary for electrification and the energy transition, the statement said.
It said Orano’s technology allows the recovery of all materials used in lithium-ion batteries, with recovery rates of metals that can go above 90%, and the manufacturing of new cathode materials.
The joint venture will produce materials also known as ‘black mass’ or ‘active mass’, which might be refined in Orano’s new plant in Dunkirk, France, so that they can be re-used in batteries, “thus closing the loop of a circular economy”, the two companies said.
Production, which will serve Stellantis facilities, will start in the first part of 2026, they added.
Short Link:
https://www.miningnews.ir/En/News/627569
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an ...
BHP Group Ltd.’s proposal for a $39 billion takeover of rival Anglo American Plc is all about securing plenty of copper ...
Marex Group Plc and a group of the London-based firm’s shareholders raised about $292 million in a US initial public ...
Aurubis AG, Europe’s largest refined copper producer, has started a project in its Bulgarian smelter which will expand ...
Interros, Nornickel’s largest shareholder, on Monday called allegations by fellow shareholder Rusal about undervalued ...
Polish government is abandoning plans to separate coal-fired power plants into a special company and is considering ...
French mining group Eramet said on Wednesday it had reached an agreement with the French government to continue its ...
A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another ...
The London Metal Exchange (LME) does not plan to launch a separate “green” nickel contract because the market is not ...
No comments have been posted yet ...