UK's Altilium receives $5 million strategic investment from Japan's Marubeni

British lithium battery recycling company Altilium announced on January 7 that it has received a strategic investment of US$5 million from Marubeni Corporation, a well-known Japanese trading and investment company, marking an important progress in Altilium's Series B financing. The funds will be used to strengthen Altilium's mission to supply sustainable lithium-ion battery materials in the UK, including a comprehensive battery recycling plan. This plan will integrate the collection, black material recovery and chemical refining of electric vehicle (EV) batteries for the production of battery metal salts, cathode precursors (pCAM) and cathode active materials (CAM).