Highlights
- Livium expands into rare earth recycling to strengthen circular economy role
- Strategic rare earth partnerships are under discussion globally
- JV with Mineral Resources on lithium tech nears stage one completion
Livium (ASX:LVM) is positioning itself at the forefront of the circular economy by moving into the recycling of rare earth elements. With a strategic emphasis on magnets found in wind turbines and electric vehicle (EV) motors, the company aims to broaden its sustainable materials portfolio and contribute to reducing reliance on virgin rare earth mining.
The company’s initiative builds on its established strengths in battery recycling, expanding its capabilities to capture value from additional high-demand materials critical to clean energy technologies. CEO Simon Linge emphasized that the rare earth market is on a trajectory for substantial global growth, expected to reach US$9.60 billion by 2026, further reinforcing the significance of Livium’s expansion.
As part of this forward strategy, Livium has entered into preliminary discussions with both Australian and international rare earth developers. These efforts are intended to lay the groundwork for future collaborations, as the company strengthens ties with sectors such as grid energy storage and EV supply chains.
This expansion complements Livium’s existing joint venture with Mineral Resources (ASX:MIN), which focuses on lithium chemical technologies. The first stage of the joint development agreement is reportedly nearing completion. This collaboration is central to Livium’s ambitions in the advanced battery materials domain and aligns with the company’s long-term objectives for diversified growth.
Further enhancing its roadmap, Livium is also in talks to license its proprietary VSPC cathode powder technology. The licensing strategy is being targeted at non-core jurisdictions, providing additional avenues for monetization without detracting from core operational focus.
Plans are also in motion to secure funding for a battery materials demonstration facility, further underlining Livium’s commitment to innovation and sustainable solutions.
The company continues to target growth through battery supply agreements with leading original equipment manufacturers (OEMs), while maintaining an agile approach to expanding into adjacent material recovery sectors. With its multi-pronged strategy in rare earths, lithium, and advanced battery technologies, Livium aims to reinforce its standing as a circular economy leader in the evolving clean energy landscape.