Canada
June 4, 2021
Stelco Auto Recycling Initiative to Include EV Batteries
Written by Sandy Williams
Canadian steel producer Stelco is getting into the electric vehicle battery recycling business. The company announced it will enter into a joint venture with Primobious to build a facility in North America that will recover and recycle materials from EV batteries. Primobious is a 50-50 joint venture of Neometals Ltd and SMS Group, formed to provide recycling solutions for lithium-ion batteries.
In a letter of intent, Stelco and Primobious agreed to equally split the financing for the project. Primobious will supply the recycling plant adjacent to Stelco’s proposed vehicle recycling operation at a to-be-determined location in North America; Stelco will supply sufficient battery feed to the facility. The JV agreement includes plans for expanded capacity as demand for recycled lithium increases.
