AMI updates Lithium Ion Battery recycling & discusses metal american manganese inc. updates Lithium Ion Battery recycling & discusses metal markets September 14, 2017 - Vancouver, B.C. Larry W. Reaugh, President and Chief Executive Officer of
American Manganese Inc. (“American Manganese” or “AMI” or the “Company”), (TSX.V: AMI; Pink Sheets: AMIZF; Frankfurt: 2AM), is pleased to announce that Kemetco has now completed the successful production of rechargeable lithium ion batteries from recycled Lithium Manganese Oxide (LMO), Lithium Cobalt Oxide (LCO), Lithium Nickel Manganese Cobalt (NMC) and Lithium Nickel Cobalt Aluminum Oxide (NCA) batteries from recycled materials, produced with AMI’s hydrometallurgical process technology. The four batteries representing the leading chemistries in the rapidly evolving battery space.
AMI’s research work is on schedule and on budget for the completion and filing of American Manganese’s patent application by November 2017. AMI’s technology has been successful in making (LMO), (LCO), (NMC) and (NCA) batteries from recycled materials resulting in AMI’s ability to cover a wide market spectrum as follows:
- LMO are high power batteries commonly used in power tools
- LCO are high energy batteries and used extensively in personal electronics, smartphones and notebook computers
- NMC and NCA batteries provide a combination of power and energy, and are becoming the preferred chemistries for the rapidly growing electric vehicle market
The Lithium Ion Battery market could reach *$69 Billion by 2022 From $23.5 Billion in 2015.
* Sourced from: https://www.marketsandmarkets.com/ “The cathode metal markets continue to be robust, especially Cobalt at $61,000/tonne, lithium carbonate at $12,000/tonne, with nickel up 35% in the last 60 days to $12,000/tonne,” said Mr. Reaugh. “This bodes well for AMI’s recycling opportunities.”
Prices of large flake graphite have been rising in the past few months to $1,150/tonne.
The Company will begin research to recover the graphite from the anodes (copper foils) once the US patents are filed, and anticipates possible filings of additional patents relating to Kemetco’s ongoing research.