Huayou Recycling and Ruipu Lanjun Forge Strategic Alliance in Global Lithium Battery Recycling

According to Anson on May 14, both Anson’s board and POSCO Holdings’ board have approved the terms of a definitive agreement to build and operate a DLE demonstration plant. The two companies will build the demonstration plant at the Green River Lithium Project site in the Paradox Basin in Utah, the United States. Through the demonstration plant, lithium will be extracted from brine produced from Anson’s Bosydaba #1 well. The companies aim to sign the final agreement within the second quarter and begin operating the plant next year. They plan to carry out demonstration work through 2028 to secure DLE technology.

According to Indonesian state news agency Antara and other local media on May 14, Chief Operating Officer of Hyundai Motor Indonesia (HMID), met with reporters the previous day at an event in Jakarta announcing the winners of the “FIFA World Cup 2026 Test Drive Campaign.” He said, “Since establishing the Karawang battery cell plant, we have had a clear goal of maximizing the use of Indonesia’s nickel resources,” adding that “directly utilizing these resources in industry is a way to contribute to the national economy, and Hyundai Motor fully supports the government’s plan to expand incentives.”

According to Bloomberg on May 13 local time, Canadian mining company Nouveau Monde Graphite is expected to formally approve plans this week at its shareholders’ meeting to develop a graphite mine in Saint-Michel-des-Saints, Quebec, and build concentration and refining facilities. The project aims to start operations by the end of 2028. At the shareholders’ meeting, a plan to raise a total of USD 645 million in external funding for the project was approved.