SMS Group and Neometals to form a joint venture.

SMS Group, a German metallurgical equipment supplier, and Australia's Neometals, which explores and develops mineral projects, agreed to form a joint venture to commercialize the miner’s lithium-ion battery recycling technology. Financial terms were not disclosed. “SMS is a very well-respected name particularly in Europe, which is expected to become home to half the world’s battery megafactories outside of China. Having a brand name partner with best-in-class expertise on large-scale design, operation and plant maintenance will provide confidence to our prospective feedstock supply partners – the cell and car makers who ultimately have the responsibility for end-of-life recycling,” Chris Reed, Neometals managing director.