Neometals announced that its 50%-owned subsidiary Primobius had received a purchase order to supply a 10 tonne per day lithium-ion battery shredding plant to the carmaker.
Under the arrangement, Primobius will create, supply and install a fully-integrated, closed loop lithium-ion battery recycling plant, located in Kuppenheim, Germany.
The facility will be used to recover battery materials, including lithium, cobalt and nickel, to be fed back into battery supply chains.
"We are honoured to supply and support Mercedes in its journey to lead the closed-loop recycling of lithium batteries by automakers," Neometals managing director Chris Reed said.
"Our long-term collaboration will ensure our process remains at the leading edge, able to process the latest innovations in cell chemistry, format and function."
It is the first major revenue for the Primobius JV.
