Russian mining company Norilsk Nickel (Nornickel) will team up with Finnish energy company Fortum and German chemical group BASF to establish a battery recycling cluster to service the electric vehicle market.
The cluster, to be located in Harjavalta, Finland, will enable a “closed loop” cycle to re-use the critical metals present in used batteries.
“This setup is ideal for sustainable processing of two of the main metals used in lithium-ion batteries,” commented Nornickel MD Joni Hautojärvi.