EQS-News: Aurubis AG
/ Key word(s): Miscellaneous
Aurubis and Talga partner to develop first-of-its-kind process for battery-grade recycled graphite
Hamburg, September 10, 2024 — Aurubis AG and Australian battery materials and technology company Talga Group Ltd signed a development agreement for a recycled graphite anode product from lithium-ion batteries. Tests with initial batches of Aurubis material from lithium-Ion batteries have led to very promising results. The development project aims to extend the Talga technology to all Aurubis graphite feed materials through closer collaboration between both companies. Aurubis' expertise in recycling complex materials will be complemented with Talga's innovative graphite processing and anode making technologies. The partners aim to finalize this development for product readiness by 2025. The project is driven by growing customer interest in recycled graphite anodes. Aurubis and Talga follow the strategic approach of keeping valuable graphite in the loop to establish a European supply chain for this valuable material, which is a crucial input factor for the battery industry. Aurubis’ lithium-first recycling process generates high-quality graphite Aurubis extracts valuable metals such as lithium, nickel, cobalt, manganese and graphite using a hydrometallurgical process, with high yields of around 95% across all metals on average. The metals recovered in the Aurubis recycling process can then be used for new batteries and other products. Graphite accounts for around 30% of lithium-ion batteries. Aurubis extracts graphite in concentrate form with a high purity of >90 % carbon grade using its effective and patented lithium-first battery recycling process. The multimetal producer has successfully tested its lithium-first process in a pilot plant at the Hamburg site and is currently building a demonstration plant. Both plants have sufficient capacity to provide the necessary testing material. Talga will purify the graphite concentrate supplied by Aurubis and refine it into battery-ready anode material using its patent-pending recycled graphite processing and patented anode production technologies, modified from the company’s Swedish natural graphite mine-to-anode project. “We see this partnership as an important opportunity. With recycled graphite, we are keeping crucial battery input material in the loop. The target is to increase the EU’s independence from foreign graphite supply chains and laying the groundwork for massive CO2 savings — as we have with copper,” Aurubis COO Multimetal Recycling Inge Hofkens commented. “Partnering with Talga to close the loop for graphite from battery scrap enables us to further leverage our effective and patented battery recycling process. With our metallurgical expertise and pioneering role, Aurubis has the potential to develop a circular solution for graphite.” Talga CEO Martin Phillips commented: “We are pleased to partner with Aurubis on the development of a commercial recycled anode product. This partnership aligns with our broader ambition to produce battery materials that enable the world’s most sustainable batteries.” Graphite: crucial energy intensive input material for battery production; mainly made in China Graphite is crucial for battery production, where it plays a critical role as the primary anode material that enables high conductivity, performance and charge capacity. The production of synthetic graphite is very energy intensive and one of the largest CO2 contributors of batteries. Hence a recycling process has high potential for CO2 savings in the fast-growing battery production market, where all known battery production processes are based on graphite. The main producers for graphite are in China. China also accounts for the majority graphite production for battery anodes. EU encouraging battery recycling projects The EU has implemented numerous policies to encourage the uptake of recycled battery materials. The Critical Raw Materials Act has set a 2030 target of 25 % of annual strategic raw materials consumption (which includes graphite) derived from recycled sources. Additionally, the EU’s Battery Regulation has set ambitious targets for battery makers: Overall recycling efficiency of lithium-ion batteries must be at least 70 % by the end of 2030. Recycling spent graphite can become a substantial building block to achieve the requirements. The Battery Regulation will also require battery makers to declare the provenance of all materials used in battery manufacturing to satisfy ESG (Environment, Social and Governance) due diligence requirements.
Aurubis — Metals for Progress Aurubis AG is a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide. The company processes complex metal concentrates, scrap metals, organic and inorganic metal-bearing recycling materials, and industrial residues into metals of the highest quality. Aurubis produces more than 1 million tons of copper cathodes annually, and from them a variety of products such as wire rod, continuous cast shapes, profiles, and flat rolled products made of copper and copper alloys. Aurubis produces a number of other metals as well, including precious metals, selenium, lead, nickel, tin and zinc. The portfolio also includes additional products such as sulfuric acid and iron silicate. Sustainability is a fundamental part of the Aurubis strategy. “Aurubis responsibly transforms raw materials into value” — following this maxim, the company integrates sustainable conduct and business activities into the corporate culture. This involves a careful approach to natural resources, responsible social and ecological conduct in everyday business, and sensible, healthy growth. Aurubis has around 6,900 employees, production sites in Europe and the US, and an extensive distribution network around the world. Aurubis shares are part of the Prime Standard Segment of the German Stock Exchange and are listed in the MDAX, the Global Challenges Index (GCX), and the STOXX Europe 600. More information at www.aurubis.com
10.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Aurubis AG |
Hovestrasse 50 | |
20539 Hamburg | |
Germany | |
Phone: | +49 (0)40 / 78 83 - 31 78 |
Fax: | +49 (0)40 / 78 83 - 31 30 |
E-mail: | a.seidler@aurubis.com |
Internet: | www.aurubis.com |
ISIN: | DE0006766504 |
WKN: | 676650 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1985151 |
End of News | EQS News Service |
|
1985151 10.09.2024 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.