"I hope you lot are posting this info on the other ASX battery try hards sites. I believe that you lot are invested in those Co's. Seems you lot are being selective in who you downramp."
Not downramping at all if you were referring to the website below, which @sqe had alluded to in his previous post.
Quite the contrary! I follow battery recycling news, that's why I'm here on the LIT threads. My allegiance lies with no one rokkett. No one! It's whoever can get the job done. But, I'll drop a bombshell on you right here, if LIT can get the job done with MIN, I'll invest here. But, I've followed this company since 2016/2017 & all they've ever done is talk. Talk, talk, talk & never any action.
By the looks of it, Renewable Metals might be around 3 years behind NMT, maybe more. I'm not sure. So, they will take time to catch up to the current market as other battery recyclers (like LIT, HNR & NMT) have the upper hand for the moment. But it's always survival of the fittest. There will always be the threat of new battery chemistry or technology that could be developed to adapt to an ever-changing market. All battery recyclers will have to monitor the battery market & adjust their technology accordingly. Who knows, another tech could spring up in 10 years, rendering the technology used by LIT, Renewable Metals & NMT obsolete. It's something all investors must keep an eye on.
Anyway, so you're right. LIT is busy burning Alkaline batteries & destroying valuable materials within an environment around Australia that isn't so battery friendly right now, in terms of battery consumption & government regulation. It's an immature market if you like. Other parts of the world are more battery friendly, so that's where the most significant gains will be found for now. HNR & NMT use a liquid method to recycle batteries in order to recover all the valuable materials & they operate in other parts of the world.
"This start up has nothing to do with LieNA anyway, but Envirostream is up and running and producing MMD, how's your investments going by the way."
I believe this startup is relevant to LIT because it looks like they use a similar chemistry to recycle batteries. So, Renewable Metals can get the job done, but LIT can't? A nobody startup company has secured $8M in funding but LIT who's been around for decades can't only raise half that amount.
What happens if it costs more than $4.5 million dollars?
Anyway, how are my investments going? I thought you'd never ask.
NMT still has their battery recycling agreement with global car giant Mercedes Benz, who has started to build its battery recycling plant using NMT tech.
HNR also uses the same battery recycling tech from NMT as part of a licence deal. HNR will have to pay a royalty back to NMT. They are progressing well & could be looking at an FID at some point to build a 10tpd plant in the UK.
HNR is still in discussions with other battery feedstock partners in areas of the world that are more battery friendly in terms of regulation & consumption/usage.
Below is what's driving the battery market in Europe, it's something that's lacking in Australia. New batteries will need to have recycled content in them.
(20min delay)