Livium Ltd earlier this week highlighted its strategy to expand into rare earth element recycling, targeting components such as magnets in wind turbines and electric vehicle motors. CEO Simon Linge joined Proactive's Foaud Haidar to discuss.
Highlights
- Livium Ltd is expanding into rare earth element extraction to strengthen its circular economy role.
- The company targets recycling rare earths from magnets in wind turbines and EV motors.
- Strategic discussions are underway with Australian and global rare earth developers.
- CEO Simon Linge highlighted client synergies in sectors like grid storage and EVs.
- Livium is progressing a joint development agreement with Mineral Resources on lithium chemicals.
- The company is exploring licensing its proprietary VSPC cathode powder technology for non-core areas.
- Continued growth expected in battery supply agreements with major OEMs.
Livium enters rare earths frame
Livium has initiated strategic discussions with Australian and international rare earth developers as it aims to strengthen its position in the circular economy. The company's synergies with its existing client base — particularly in grid storage and renewables — present a strong foundation for the expansion.
Linge noted that rare earth elements are gaining geopolitical significance and forecasted global market growth to US9.60 billion by 2026, which supports the company's move.
Entry into rare earths builds on Livium's established role in battery recycling and aligns with its goal of broadening service adjacencies. “This step not only builds on the recycling of batteries, which we've been doing steadily, but steps into another area where we can add to circularity,” said CEO Simon Linge.
MinRes JV
Livium also updated investors on progress with its lithium chemicals technology joint development with Mineral Resources, indicating that stage one activities are nearing completion.
In addition, the company is working to secure funding for a battery materials demonstration facility and is exploring licensing options for its technology in non-core areas. Livium is in advanced discussions to license its proprietary VSPC cathode powder technology in non-core jurisdictions.
The company said it remains focused on expanding its core battery supply operations while continuing to develop new adjacencies to support long-term growth in the circular economy.