Electra Battery Materials says it\u0027s first in North America to use technology that requires less energy and emits less carbon. Read on
, Ont., where it separated key minerals using a water-based technology that requires less energy and emits less carbon than the heat-based process that most recyclers use.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.
Battery recyclers focus on collecting black mass, which is an industry term for expired lithium-ion batteries that have been shredded and have had their casings removed. It contains elements such as nickel, cobalt, copper, lithium and graphite, all of which are in high demand due to the rise in global sales of electric vehicles that run on batteries.Article content
It launched the demonstration plant in late December. Following the results of the test, the company decided to recover more critical minerals than it had initially intended and to extend the pilot program to June. The data from the study will help the company assess the cost required to build a permanent recycling facility, next to its refinery, which it plans to complete next year. Electra had hoped to complete construction of the refinery by spring 2023, but that is likely to be delayed by a shortage of microchips needed to run the facility.
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