NEU Battery Materials bags US$7.6M to mine lithium from the world’s least-loved battery

Lithium iron phosphate (LFP) batteries have an awkward reputation among recyclers: they are everywhere, and they are worth very little once they die. Unlike the nickel- and cobalt-rich chemistries that recyclers have chased for a decade, a spent LFP cell offers no precious-metal jackpot. It holds…