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IN BRIEF: Neometals' cooperation with Mercedes becomes binding

12th Jul 2022 14:19

Neometals Ltd - London-based battery materials from upstream extraction and downstream processing - Notes that the cooperation agreement between its joint venture with SMS group GmbH, Primobius GmbH, and Mercedes-Benz AG's subsidiary Licular GmbH has now become legally binding. Primobius will enter into a long-term research and development collaboration for recycling cell formats and chemistries, and will provide a non-exclusive technology licence for the recycling plant, staff training and plant management to Licular.

Neometals current stock price: 59.00 pence, up 6.3% on Tuesday

12-month change: down 18%

Mercedes-Benz current stock price: EUR52.67

12-month change: down 14%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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Neometals
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