Livium, which previously was known as Lithium Australia, sets its sights on transforming recycled EV batteries into a new source of rare earth materials for future tech supply chains. The firm has initiated discussions with international rare earth element (REE) developers and Australian technology providers to explore extraction solutions, laying the groundwork for potential collaborations and licensing agreements aimed at strengthening REE recycling capabilities.
Livium views REE extraction as a strategic extension of its recycling services for enterprise clients, unlocking a significant commercial opportunity. The company highlighted that recycling is expected to contribute to the USD 9.6 billion global addressable REE market by 2026.
The company's subsidiary, Envirostream, already conducts key processes aligned with rare earth recycling, such as shredding, grinding and magnetic separation. With established links to the REE end-of-life supply chain via its clean energy and e-mobility clients, the subsidiary is well-positioned to expand its service portfolio.
Livium's CEO and Managing Director, Simon Linge, stated, "By actively pursuing options to commercialise REE extraction technologies, we are strategically positioning Livium to meet this growing demand while remaining anchored in our strengths in resource recovery and process innovation.
In line with its strategy to explore adjacent growth opportunities, the company is in advanced talks to license its proprietary cathode powder manufacturing process, VSPC, in non-core markets. The VSPC technology integrates solid-state and solution-phase synthesis to produce high-quality lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) powders with precise control over product characteristics.
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