Electra Signs Battery Recycling Agreement with Marubeni

Electra Battery Materials Corp of Toronto, ON has signed a battery recycling and cobalt sulfate supply agreement with Marubeni Corp of Japan. The memorandum of understanding encompasses sourcing of black mass derived from recycled lithium-ion batteries for Electra’s refinery in Ontario and marketing of the company’s cobalt sulfate in Japan.

Electra says it is on track to commission its near-zero carbon cobalt refinery in late 2022, positioning the company as the only producer of battery-grade cobalt in North America. The company notes that the refinery is the first of a four-phase project that will result in North America’s only integrated battery materials park, refining cobalt, nickel, and black mass and converting the materials into cathode precursor material for lithium-ion batteries.

Michael Insulan, VP/Commercial at Electra, said, “The Japanese lithium-ion battery industry is very well established and will continue to grow. Marubeni’s wide network of industry contacts in the battery cell and materials space, as well as in the recycling community, will help Electra to diversify its black mass sourcing options for our lithium-ion battery recycling operations.”

Volume 36, Issue 02

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