Lithium Australia’s lithium ion battery (LIB) recycling subsidiary Envirostream Australia has achieved a significant milestone, delivering its first positive operating profit during Q4 FY24. The achievement was driven by the company’s transition towards an upstream service model, which has increased revenues with a higher proportion of revenues now received upfront through recycling fees. Lithium Australia…
Lithium ion battery materials company Lithium Australia has increased battery recycling at its Envirostream facilities (pictured) as agreements with overseas manufacturers lead to higher collection volumes. The company told investors it collected 344 tonnes of batteries during the March quarter, including 177 tonnes of lithium-ion batteries (LIBs), an 18 percent increase in LIB collection volumes…
Envirostream to recycle LG lithium batteries Battery recycler Envirostream has signed an exclusive three year agreement with LG Energy Solutions to recycle all its recalled lithium ion batteries collected in Australia. Envirostream, a subsidiary of Lithium Australia, expects significantly increased battery collection volumes equating to 140 percent of the company’s total in FY23. LG has…
