Indian lithium-ion battery lifecycle management company, Lohum has announced its multi-million-dollar partnership with Glencore to advance circularity in the Li-ion battery supply chain.
According to a press release from Lohum, the company will supply Glencore with 10,000 MT of speciality chemicals for the battery supply chain over the next five years, including cathodes, sulphates, carbonates, and oxides of various metals extracted from spent batteries and other sources.
The global partnership will allow both companies to deepen their recycling expertise and support the advancement of a circular economy by supplying raw materials back into the battery supply chain.
Rajat Verma, Founder & CEO of Lohum, believes that the partnership will directly boost India’s battery industry and energy security, leading to large-scale value creation in employment, domestic ecosystem growth, and import savings on LIB raw materials.
Interestingly, as part of its mission to expand its recycling footprint, Lohum will procure spent batteries and recycle them at its plant in the National Capital Region.
Jyothish George, Co-Head of Marketing Zinc and Copper (Metal), Glencore, said, “Our focus on a greener future is aligned and supports Glencore’s ambition to reach net-zero carbon emissions by 2050.”
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