• Umnicore reveals plans to build a $525m battery recycling facility
  • German chemical producer, BASF also plans to a commercial scale battery recycling plant 
  • Vulcan leads the lithium pack

 

Belgian-based circular materials tech company, Umicore, wants to build a $525m battery recycling facility that would be capable of processing 150,000tpa of waste battery materials.

The company says the plant will be ‘15 times’ the size of its current facilities in Europe when it opens in 2026.

Umicore’s vice president of government affairs, Kurt Vandeputte anticipates the roll out to accelerate onto North America after taking place in Europe first.

“We are recycling today – it’s a matter of scaling up,” Vandeputte said in an interview with Chemical & Engineering News (C&EN).

Elsewhere in the recycling space, earier this week German multinational chemical company and largest chemical producer in the world, BASF, revealed its plans to build a commercial scale battery recycling black mass plant in Schwarzheide, Germany.

Black mass production is the first step in the battery recycling process and is based on mechanical treatment of the batteries.

The produced black mass contains high amounts of the key metals used to produce CAM: lithium, nickel, cobalt and manganese, which will be the feedstock for the commercial hydro-metallurgical refinery for battery recycling that BASF plans to build in the middle of this decade.

The company said the site marked an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe and will have an annual processing capacity of 15,000t of EV batteries and scrap.

Earlier this year, Swedish battery developer Northvolt AB announcing its plans to repurpose a closed paper mill – founded in 1990 – into a battery materials factory.

The Kvarnsveden Mill in Borlänge, Sweden produced pulp and paper for over 120 years until its closure in 2021 but soon it will have the production capacity of more than 100 GWh of cathode material, which will enable cell assembly and production at multiple Northvolt facilities.

 

Here’s how ASX lithium stocks were tracking today:

Lithium stocks missing from our list? Shoot a friendly mail to [email protected]

 

CODE COMPANY PRICE % TODAY 1 WEEK RETURN % 1 MONTH RETURN % Market Cap
XTC Xantippe Res Ltd 0.008 33% -11% -27% $46,158,341.39
VUL Vulcan Energy 6.48 30% 13% -14% $658,225,450.00
AZL Arizona Lithium Ltd 0.084 22% -13% -46% $154,057,625.63
TEM Tempest Minerals 0.077 20% 97% 45% $32,305,035.26
QXR Qx Resources Limited 0.024 20% -14% -50% $17,187,246.42
AOA Ausmon Resorces 0.006 20% 0% -25% $4,286,446.72
INR Ioneer Ltd 0.375 19% -6% -32% $658,759,317.30
LKE Lake Resources 0.8175 17% -51% -46% $972,785,034.20
VMC Venus Metals Cor Ltd 0.175 17% 17% 3% $22,661,802.45
MNS Magnis Energy Tech 0.32 16% 3% -21% $265,783,465.48
CRR Critical Resources 0.044 16% -8% -46% $56,544,579.08
RLC Reedy Lagoon Corp. 0.015 15% -21% -48% $7,246,549.86
MLS Metals Australia 0.048 14% -8% -49% $23,857,520.02
LEL Lithenergy 0.72 14% -16% -43% $28,444,500.00
SHH Shree Minerals Ltd 0.008 14% 0% -20% $8,555,658.24
WR1 Winsome Resources 0.21 14% -5% -51% $24,996,088.89
LNR Lanthanein Resources 0.017 13% 0% -37% $12,567,383.55
PNN Power Minerals Ltd 0.385 13% -6% -26% $20,915,700.10
LPI Lithium Pwr Int Ltd 0.4 13% 0% -30% $123,946,421.04
ESS Essential Metals Ltd 0.36 13% -5% -33% $78,875,976.00
MQR Marquee Resource Ltd 0.063 13% -10% -37% $17,469,115.16
LRV Larvottoresources 0.23 12% -6% -23% $8,514,162.50
LRD Lordresourceslimited 0.185 12% -3% -44% $5,244,462.47
AGY Argosy Minerals Ltd 0.3125 12% -12% -23% $379,694,276.36
EUR European Lithium Ltd 0.058 12% 4% -27% $71,911,509.07
KTA Krakatoa Resources 0.049 11% -11% -35% $15,167,236.35
SYA Sayona Mining Ltd 0.1275 11% -6% -46% $947,885,217.94
LRS Latin Resources Ltd 0.064 10% -3% -49% $111,943,696.80
LTR Liontown Resources 0.97 10% -8% -25% $1,929,158,174.24
1MC Morella Corporation 0.0165 10% -3% -39% $77,643,209.79
RMX Red Mount Min Ltd 0.0055 10% -8% -31% $8,211,819.29
LSR Lodestar Minerals 0.0055 10% -21% -45% $8,692,186.74
MRR Minrex Resources Ltd 0.034 10% -13% -36% $31,270,180.78
GLN Galan Lithium Ltd 1.075 9% -4% -25% $299,833,371.57
EVR Ev Resources Ltd 0.025 9% -11% -43% $21,297,633.63
MTM Mtmongerresources 0.13 8% 13% -13% $4,351,203.96
BNR Bulletin Res Ltd 0.13 8% -4% -26% $34,810,932.00
MM1 Midasmineralsltd 0.195 8% -3% -41% $9,798,862.50
ALY Alchemy Resource Ltd 0.013 8% -19% -52% $11,436,888.68
CXO Core Lithium 0.9075 8% -25% -32% $1,455,393,841.44
QPM Queensland Pacific 0.1025 8% -7% -38% $148,543,247.45
GL1 Globallith 1.175 8% -7% -31% $172,981,099.04
RDT Red Dirt Metals Ltd 0.36 7% -5% -35% $102,025,732.71
ZNC Zenith Minerals Ltd 0.29 7% -15% -19% $93,085,815.33
PLS Pilbara Min Ltd 2.2 7% 3% -22% $6,102,539,187.20
STM Sunstone Metals Ltd 0.044 7% 5% -17% $105,552,303.14
AAJ Aruma Resources Ltd 0.061 7% -13% -21% $8,946,805.67
G88 Golden Mile Res Ltd 0.031 7% -23% -44% $5,908,245.81
ASN Anson Resources Ltd 0.094 7% -18% -22% $90,456,285.48
WML Woomera Mining Ltd 0.017 6% -6% -23% $10,989,329.06
RAS Ragusa Minerals Ltd 0.09 6% -5% -10% $10,687,573.26
FTL Firetail Resources 0.27 6% -16% -16% $15,754,537.50
NMT Neometals Ltd 0.92 6% -9% -29% $477,087,464.52
AML Aeon Metals Ltd. 0.02 5% -13% -47% $18,831,495.14
RAG Ragnar Metals Ltd 0.041 5% -2% -5% $14,788,210.67
DRE Dreadnought Resources Ltd 0.041 5% 0% -5% $110,708,658.49
FG1 Flynngold 0.11 5% 0% -24% $6,726,410.25
AS2 Askarimetalslimited 0.245 4% -11% -53% $9,774,653.45
LPD Lepidico Ltd 0.025 4% 0% -11% $156,172,116.79
AKE Allkem Limited 10.04 4% -2% -23% $6,147,023,949.04
CHR Charger Metals 0.38 4% -5% -32% $11,892,077.78
RGL Riversgold 0.028 4% 0% -40% $20,422,151.97
LIS Lisenergylimited 0.46 3% 7% -26% $73,831,813.22
AX8 Accelerate Resources 0.031 3% 7% -14% $7,903,766.97
EMH European Metals Hldg 0.635 3% -10% -35% $86,577,833.48
GW1 Greenwing Resources 0.2 3% -9% -38% $24,033,233.06
M2R Miramar 0.082 3% -17% -32% $5,134,933.04
EFE Eastern Resources 0.0225 2% -10% -41% $21,877,605.88
MXR Maximus Resources 0.045 2% -6% -37% $13,987,853.79
IR1 Irismetals 0.245 2% -18% -61% $14,310,000.00
DTM Dart Mining NL 0.051 2% -12% -30% $6,763,008.00
DAF Discovery Alaska Ltd 0.051 2% 2% -39% $11,211,734.90
IGO IGO Limited 10.07 2% -8% -14% $7,481,805,992.44
WMC Wiluna Mining Corp 0.265 2% -45% -45% $92,204,576.10
NVA Nova Minerals Ltd 0.56 2% -5% -16% $99,111,256.75
GT1 Greentechnology 0.58 2% -21% -34% $89,964,240.00
MIN Mineral Resources. 48 2% -10% -20% $8,934,083,827.74
JRL Jindalee Resources 2.75 1% -9% -20% $156,644,577.18
ADV Ardiden Ltd 0.007 0% -13% -42% $18,678,347.49
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203.44
PSC Prospect Res Ltd 0.975 0% 2% 3% $435,590,475.45
TKL Traka Resources 0.0055 0% -21% -31% $3,788,260.09
BMM Balkanminingandmin 0.18 0% -5% -40% $5,895,000.00
ARN Aldoro Resources 0.135 0% -13% -39% $13,393,834.52
BYH Bryah Resources Ltd 0.036 0% 0% -18% $8,143,458.30
EMS Eastern Metals 0.13 0% -7% -35% $4,628,000.00
FRS Forrestaniaresources 0.115 0% -23% -39% $3,367,924.96
IMI Infinitymining 0.14 0% 8% -13% $8,050,000.00
TSC Twenty Seven Co. Ltd 0.003 0% 0% -25% $7,982,441.72
WCN White Cliff Min Ltd 0.014 0% -22% -33% $9,150,447.07
KGD Kula Gold Limited 0.022 0% -12% -33% $4,733,863.90
KZR Kalamazoo Resources 0.18 0% -27% -51% $26,134,987.32
SCN Scorpion Minerals 0.074 0% 3% -30% $24,555,508.21
AZI Altamin Limited 0.095 0% 0% -1% $37,213,091.44
PGD Peregrine Gold 0.415 0% 9% -15% $15,888,967.64
AVW Avira Resources Ltd 0.004 0% 0% -11% $8,475,160.00
VKA Viking Mines Ltd 0.006 0% 0% -25% $6,151,550.59
IPT Impact Minerals 0.007 0% -13% -30% $17,369,593.89
EPM Eclipse Metals 0.02 0% -13% -23% $38,422,528.26
WC8 Wildcat Resources 0.026 0% -13% -16% $16,777,090.90
THR Thor Mining PLC 0.009 0% -10% -31% $9,605,708.76
CZL Cons Zinc Ltd 0.017 0% -11% -29% $6,177,082.82
MMG Monger Gold Ltd 0.2 0% -13% -35% $8,008,000.00
AUN Aurumin 0.115 0% -12% -34% $12,560,673.98
TYX Tyranna Res Ltd 0.013 0% -24% 44% $19,920,688.67
DAL Dalaroometalsltd 0.095 0% -1% -24% $2,838,125.00
CY5 Cygnus Gold Limited 0.155 0% 0% 7% $18,287,723.83
CAI Calidus Resources 0.62 -1% -7% -26% $252,014,786.25
FFX Firefinch Ltd 0.1975 -1% -14% -80% $236,248,644.20
RIO Rio Tinto Limited 101.31 -1% -9% -7% $38,097,920,042.82
AOU Auroch Minerals Ltd 0.062 -2% -7% -29% $23,275,463.34
LIT Lithium Australia 0.061 -2% -14% -32% $64,195,126.80
TKM Trek Metals Ltd 0.059 -2% -13% -17% $18,636,609.00
ZEO Zeotech Limited 0.049 -2% -8% -4% $76,245,773.50
AM7 Arcadia Minerals 0.18 -3% -3% -18% $8,639,110.02
A8G Australasian Metals 0.175 -3% -17% -55% $7,410,688.92
SRI Sipa Resources Ltd 0.034 -3% -6% -13% $7,175,868.11
NWM Norwest Minerals 0.028 -3% -20% -39% $5,237,614.22
TMB Tambourahmetals 0.13 -4% -13% -40% $5,561,000.73
PLL Piedmont Lithium Inc 0.625 -4% -14% -25% $342,921,020.00
MMC Mitremining 0.12 -4% 0% -17% $3,385,637.50
INF Infinity Lithium 0.11 -4% -19% -15% $47,726,502.59
TON Triton Min Ltd 0.02 -5% -20% -31% $26,434,467.72
KAI Kairos Minerals Ltd 0.017 -6% -11% -37% $35,317,682.84
SRZ Stellar Resources 0.015 -6% -25% -35% $13,428,842.02
PAM Pan Asia Metals 0.43 -7% -14% -15% $33,882,976.24
GSM Golden State Mining 0.039 -7% -13% -43% $4,889,695.40
ENT Enterprise Metals 0.009 -10% -25% -31% $6,446,468.55

 

Good day to be an ASX lithium play with 78 companies finishing in the green, 29 flat lining and only 21 ending the day in the red.

The lithium market has taken a hammering over the last couple of weeks but you wouldn’t have picked it after today’s fine performance.

 

Who’s got news out today?

Vulcan Energy Resources (ASX:VUL)

Leading the lithium pack today is Vulcan, following news that has carmaker Stellantis on board as its second biggest shareholder.

Stellantis dropped a A$76m (€50M) equity investment into the lithium and renewable energy company in a bid to create a resilient and sustainable value chain for its European electric vehicle battery production.

In an interview with Stockhead, Vulcan managing director Francis Wedin says that while the move marks the first time an automaker has invested upstream in a listed lithium company, there will be many more to come in the industry.

“It’s a major tick of confidence by a top-five global auto manufacturer,” Wedin says, referring to an intensive due diligence process carried out by Stellantis.

“What’s been made very clear to us is that the net zero-carbon footprint of our lithium product is extremely important to them.

“Making sure this project is successful from a sustainability perspective is extremely important to Stellantis – they want to be closer aligned so they can see how we are developing this project and to make sure that it is doing what it says it does,  and work together with us every step of the way.”