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Neometals JV partners with Itochu for battery recycling

ASX-listed Neometals on Friday announced that its joint venture (JV) with SMS group GMbH, Primobius GmbH, had inked a non-binding memorandum of understanding (MoU) with Japan’s Itochu Corporation to investigate establishing a corporation for battery recycling.

Under the terms of the MoU, Primobius would contribute its lithium battery materials capabilities.