It’s worth taking a closer look at NMT and RIL’s developments from a practical perspective:
A) NMT’s hydro process still needs confirmation, particularly Mercedes, to ensure it can produce the required purity which is for batteries needed.
B) RIL’s licensing agreements for recycling cover areas that are highly regulated, but questions remain about the practicality of building plants in jurisdictions like Italy. With a strong local engineering workforce and economic needs, regions like Piedmont may prefer to operate their own facilities rather than bring in external operators from Germany or Australia.
C) The financial aspect raises significant questions! Who is funding these plants? And why would potential partners collaborate with RIL to operate when they could likely handle these projects independently? Without clear answers, the commercial viability of these partnerships remains uncertain.
D) The mention of an LFP flowsheet by RIL comes as a surprise. Developing such technology requires substantial resources, including funding and expertise, which don’t seem readily apparent from RIL’s current position.
While there is a lot of potential here, it’s essential to remain cautious and wait for further confirmations and updates, especially regarding partnerships and plant construction deals. Positive news could certainly change the narrative, but for now, a lot hinges on delivering tangible results.
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