Stelco signs MoU with Primobius to construct a plant for extraction and recycling of Li-Ion battery metals
Primobius GmbH is a 50:50 joint venture company owned by Neometals Ltd., Australia, and SMS group to commercialize an environmentally friendly recycling solution for end-of-life and scrap lithium-ion battery (LiB) cells. Primobius has now signed a memorandum of understanding (MoU) with Stelco Inc., Canada, a wholly-owned subsidiary of Stelco Holdings Inc., a Toronto Stock Exchange (“TSX”) listed steel manufacturing company headquartered in Hamilton, Ontario.