news

Redwood Materials to set up operations in South Carolina

Kitco Media
By Kitco News
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Battery recycler Redwood Materials announced today that it is setting up operations in the southern U.S.

"Today, we announce Redwood’s next Battery Materials Campus, in the heart of the 'Battery Belt,' just outside of Charleston, South Carolina. At Camp Hall in Berkeley County, Redwood will recycle, refine and manufacture anode and cathode components on more than 600 acres," said the company in a news release.

Redwood estimates that its Charleston campus will eventually produce 100 GWh of cathode and anode components per year.

Redwood Materials was founded by former Tesla executive JB Straubel.

Share

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.