Temiskaming refinery operator to source battery recyclables from Asia-Pacific region – by Staff (Northern Ontario Business – January 21, 2022)


Electra Battery Materials inks supply agreement with Japan’s Marubeni Corporation

Electra Battery Materials has found an overseas supplier of recycled battery material to feed its soon-to-be commissioned refinery in Temiskaming.

The Toronto processing company has signed a memorandum of understanding with Marubeni Corporation, a Japanese trading conglomerate, to source a part of the ‘black mass’ material for the recycling operation Electra wants to start up in 2023.

This agreement with Marubeni also lays the groundwork for Electra to market a portion of its northeastern Ontario-made refined cobalt sulfate product to Japan and the lithium-ion battery manufacturers there.

It’s the first of many feed and offtake agreements Electra expects to sign in what’s expected to be a transformational year for the company. Electra has supply deals with Glencore and IXM S.A., a subsidiary of China Molybdenum Co., to receive cobalt from mines in the Democratic Republic of Congo.

For the rest of this article: https://www.northernontariobusiness.com/industry-news/manufacturing/temiskaming-refinery-operator-to-source-battery-recyclables-from-asia-pacific-region-4971622