Lithium Australia NL (ASX:LIT) managing director Adrian Griffin updates Proactive Investors on the company's milestone innovation in recycling lithium from old used batteries.
Griffin says the process of producing lithium-ferro-phosphate (LFP) cathode powder from the recycled lithium is being successfully undertaken by Lithium Australia, and is a major breakthrough for lithium and batteries as well as enhancing environment sustainability.
A major recycling challenge is to reduce batteries ending up in landfill and LIT's breakthrough paves the way for the re-birthing of cathode materials.