Lithium Australia has signed an exclusive 3-year agreement with Volvo Group Australia to recycle end-of-life lithium-ion batteries from its electric and hybrid buses fleet. This agreement is expected to drive an increase in collection volumes of large format batteries, which offer high margin opportunities.

The company remains focused on signing exclusive contracts with original equipment manufacturers (OEMs) to support its growth strategy. This partnership with Volvo highlights the company's commitment to accelerating growth in battery recycling services.