Ascend Elements Announces Multi‑Year Offtake Agreement for Low‑Carbon, Recycled Battery‑Grade Lithium Carbonate with Trafigura
Partnership pairs Ascend Elements’ Hydro‑to‑Cathode® technology with Trafigura’s global marketing and logistics platform to accelerate a resilient battery materials supply chain
WESTBOROUGH, Mass.–(BUSINESS WIRE)–Ascend Elements, a leader in sustainable engineered battery materials and lithium‑ion recycling, today announces a multi‑year offtake agreement for lithium carbonate with Trafigura, a market leader in the global commodities industry. The agreement totals 15,000 metric tons (15 kilotons) to be delivered between 2027 and 2031.
Ascend Elements, a leader in sustainable engineered battery materials and lithium‑ion recycling, has announced a multi‑year offtake agreement for lithium carbonate with Trafigura, a market leader in the global commodities industry.
Under the terms of the agreement, Trafigura will provide global marketing and logistics capabilities, while Ascend Elements produces refined, low-carbon lithium carbonate produced from recycled lithium‑ion batteries and manufacturing scrap via its patented Hydro-to-Cathode® process. The partnership supports Ascend Elements’ North American and European pipeline. Trafigura expands its portfolio of reliable, recycled materials it can place across its global customer base, supporting OEMs to meet circularity and compliance goals.
Linh Austin, President and CEO of Ascend Elements, said:
Trafigura’s global platform paired with our Hydro-to-Cathode® process turns circularity into supply security,
“Together we’ll deliver low-carbon, recycled lithium carbonate that is traceable, responsibly-sourced, and available where customers build across the U.S. and Europe, reducing carbon, cost, and geopolitical risk while accelerating a resilient battery supply chain.”
As a market leader in the global commodities industry, Trafigura provides extensive market reach, logistics, and storage infrastructure to enable global distribution of Ascend Elements’ lithium carbonate.
Gonzalo De Olazaval, Global Head of Metals and Minerals at Trafigura, commented on the partnership:
We are pleased to be partnering with Ascend Elements and supporting the circular economy.
” Ascend Elements’ patented process, which produces battery-grade lithium carbonate from domestic scrap, is advancing the development of domestic battery supply chains in the US and Europe – a priority to ensure security of supply.”
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Ascend Elements Announces Multi‑Year Offtake Agreement for Low‑Carbon, Recycled Battery‑Grade Lithium Carbonate with Trafigura, source
