NOVONIX Ltd Sponsored ADR (NVX) has released an update.
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NOVONIX Ltd has partnered with ICoNiChem to develop sustainable nickel-based cathode active materials for batteries, supported by funding from a Canada-UK critical minerals initiative. The collaboration aims to integrate recycled cobalt and nickel into NOVONIX’s innovative all-dry, zero-waste production process to enhance sustainability and cost-efficiency. Upon project success, NOVONIX may pursue commercial agreements to further incorporate ICoNiChem’s recycled materials into its production.
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