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Pivoting From Manganese Junior To Lithium-Ion Recycler

Kitco News

American Manganese entered the lithium-ion recycling business after it realized that metal processing method it developed for its own property had a much wider application.

The company developed a low-cost method to recover manganese then realized the same method could be applied to recovering cobalt from spent batteries.

The lithium-ion space is a bigger opportunity. The price of metals that go into electric vehicles are anticipated to rise as demand for lithium-ion batteries boom. Bloomberg said sales of electric vehicles will increase from 2 million in 2018 to 10 million by 2025 and eventually 56 million by 2040. While the price of materials is expected to rise, regulators are also demanding that manufacturers close the loop. Spent batteries must be disposed of in an environmentally-friendly manner. The race is on to find a lowest cost solution to battery recycling.

Listen to Michael McCrae's interview in June with American Managense principals on how the company pivoted from junior to battery recycler. The first voice you hear is Zarko Meseldzija, chief technical officer. Later in the interview Larry W. Reaugh, president and CEO, adds comments.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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