IonDrive Ltd (ASX:ION) is forging ahead in the battery recycling sector, with a recent study by Rho Motion validating its strategic market position. The study projects a robust annual growth rate for battery recycling, driven by escalating demand for electric vehicle minerals, with expected feedstock expansion at a 25% CAGR, reaching two million tonnes by 2030.
IonDrive’s CEO, Ebbe Dommisse, expressed satisfaction with these developments, underscoring the company’s commitment to sustainable recycling solutions. ‘We are pleased with the progress of our bench trials in Adelaide and Perth, which are progressing to de-risk our innovative recycling process,’ Dommisse stated.
The company is on track to complete its pre-feasibility study by June, aiming to refine commercial strategies and solidify its market presence. With its focus on technological and execution de-risking, IonDrive is positioning itself as a pivotal player in the expanding battery recycling market. As Dommisse highlighted, ‘With our focus on technological and execution de-risking, IonDrive is positioning itself as a pivotal player in the expanding battery recycling market.’
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