The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Chain do you understand how much a black Mass refinery cost's running in the 18 month's as your'e prediction to run along side this company?
The chain, agreed. Exciting times ahead,
GLA
We should have our own black mass refining in 18 months. In the meantime we will be selling black mass to Asia, who already have the tech to do so. Which is still highly profitable. We are weeks away from being cash positive, not months. As Andy has alluded to in previous posts, we have been actively recycling batteries for months, we will have a huge amount of black mass to sell once the TFS lands.
Very interesting and co firming that we are long long way before this will become profitable closed loop.
"In Europe, there is currently... nobody who can claim to recycle used batteries in a closed-loop to reproduce nickel, cobalt and lithium to make new batteries," said Jean-Philippe Bahuaud, chief executive of 'The Future Is Neutral' (TFIN), Renault's environment unit.
:)
Interesting article for a perspective on topic
https://www.reuters.com/sustainability/renault-advanced-talks-with-partners-recycle-batteries-says-executive-2024-03-26/
Can you count the factories for refining black mass .
Only ones that are actually operating .
How many around the world ?
:)
Isn't there now a trading market for black mass similar to other metals etc?
I've no idea where you have pulled them from but they are not correct. The price a while back was somewhere between 3k and 5k per T. But it depends on the quality and various other factors. So we will probably never know exactly how much they are selling it for as that is not likely information they will want to publish.
Per ton.
Hence the question mark, I am just guessing, but judging by the prices on the internet after a quick research just now, I can find prices between 10,000 and 30,000 dollars.
Wow, some people are bad at maths! How much do you think Black Mass sells for? 100T would be nowhere near even 1 million.
But don't worry. We will have a lot more than 100T of Black Mass ready to sell. We have been recycling for 6 months! We do not know the actual amount but I can guarantee it's a lot more than 100T.
They have had feedstock coming in on a regular basis, not as much as we would of liked, but it has been coming. That will have been recycled fairly quickly. So even if they have only been getting a trickle of feedstock coming in for the past 6 months, they would easily have well in excess of 100T of BM ready to go.
Even on conservative estimates, the feedstock and subsequent blackmass has to be pretty substantial by now. The first offtake should therefore be significant. Companies like Glencore are setting up feasibility testing of blackmass material separation, they will be trying to secure offtake agreements and with limited supply, black mass should be a much sought after commodity. LiCycle were named as Glencore’s ‘preferred supplier’ but the phase one test needs 11kt per year and 70kt per year in phase two, no one European battery recycling company can supply that volume, LiCycle certainly can’t, and that just one potential European buyer of black mass, as battery production regulations change, producers and those involved in the material separation will be future proofing supplies.
100 tons of black mass has to be worth a couple of million?
I wouldn't be surprised to see more deals drop next week. Also, we are in the 12th week of the TFS application process, there have been delays on issuing licenses, so could take a little longer, but it could drop anytime. Considering we have likely processed in excess of 100t of batteries already we likely have a nice stockpile or black mass waiting to be sold to our new, yet to be named, Asian partner. Trading this now is very risky, it will only take the TFS to shift us back into 5th gear. The market hates delays, but they have not been of our making.