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Lithium Australia see perfect circle

20 September 2022 13:52
ASX: LIT
The lithium Ion battery

Following a worldwide search, Lithium Australia has landed a new chief executive in Simon Linge.

Linge brings over a quarter century of manufacturing, recycling, engineering services and senior management experience, including at the Bluescope Group, BHP and most recently with circular economy and recycling leaders Pact Group.

He will be seated at the headquarters of battery-recycling subsidiary Envirostream, which just snagged a major deal with Korean tech giant LG Energy Solution to process a minimum 250 tonnes.

The company said its new chief executive has the experience, knowledge, passion and energy to drive it forward in both battery recycling and production of cathode powders through VSPC.

“Simon has overseen significant businesses globally, led large teams and progressed business strategies to successful outcomes,” chairman George Bauk said.

Linge said his new company had already built itself into the leading certified battery recycler in the nation and was perfectly positioned to play its part in a circular economy.

“As the world accelerates its transition to electrification, the demand for the materials to not only manufacture batteries but to sustainably recycle batteries will only increase,” he said.

The new CEO will step into his new role on or before the first day of the new year.

LIT’s Australian Stock Exchange-listed share price has risen 1.69 per cent today, currently trading at 5.9c (1.51pm UTC+ 8 hours).

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