IonDrive has battery recycling position validated
Melbourne, Victoria
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April 05, 2024 01:45 PM Eastern Daylight Time
IonDrive Ltd (ASX:ION) CEO Ebbe Dommisse tells Proactive’s Jonathan Jackson how the company is forging ahead in the battery recycling sector, bolstered by a Rho Motion study which validates its strategic market position. The study projects a robust annual growth rate for battery recycling, driven by escalating demand for electric vehicle minerals, with expected feedstock expansion at a 25% CAGR, reaching two million tonnes by 2030. IonDrive's bench trials in Adelaide and Perth are progressing to de-risk its innovative recycling process. Dommisse expressed satisfaction with these developments, underscoring the company's commitment to sustainable recycling solutions. IonDrive is on track to complete its pre-feasibility study by June, aiming to refine commercial strategies and solidify its market presence. With its focus on technological and execution de-risking, Iondrive is positioning itself as a pivotal player in the expanding battery recycling market.
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