Lithium Australia signs lithium-ion battery recycling deal with LG Energy Solution

An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. REUTERS/Kim Hong-Ji

(Reuters) - Lithium Australia Ltd said on Wednesday its battery recycling unit signed a deal with South Korea's LG Energy Solution Ltd to process at least 250 tonnes of its lithium-ion batteries over the next year.

As per the agreement, LG Energy will deliver the batteries to Envirostream's facilities in Melbourne, Lithium Australia said, adding that the volumes are nearly a quarter of the collection in fiscal 2022.