Industry Segment: Market Brief | Word Count: 96 Words

The need for a clean and renewable energy source has become more evident than ever. As such, lithium-ion batteries have become an integral part of modern day technology, including their use in electric vehicles.

The recycling of lithium-ion batteries has become more prominent, due to environmental factors and their potential use in electric vehicles.

Neometals and SMS group has set up a joint venture, "Primobius," to recycle lithium-ion batteries and recover materials from batteries. The joint venture plans to build a demonstration plant in Western Europe.