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Lithium Australia enjoys strong growth in battery recycling

Lithium Australia enjoys strong growth in battery recycling

Lithium Australia Ltd (ASX:LIT, OTC:LMMFF) CEO Simon Linge gives Proactive a recap on its June quarter highlights. 319 tonnes of mixed batteries were collected for recycling during the period, with a record total of 1,347 tonnes for FY23, representing a 24% increase on FY22. He says due to strong market demand, the development plan for LFP production has grown from targeting a 200-300 tonnes per annum capacity plant to a 2,000-3,000 tonnes plant. Meanwhile Linge also says commercial discussions are progressing with leading Australian entities regarding its disruptive lithium extraction technology LieNA®.