The process, developed at the University of Queensland, has been licensed to Pure Battery Technologies by UQ's commercialisation company, UniQuest.
The demonstration plant will have capacity for about 5000 tonnes of nickel each year.
According to Pure Battery Technologies managing director and CEO Bjorn Zikarsky, global demand for batteries is growing at about 15% a year, which is driving up demand for both nickel and cobalt, and the demand for cobalt is also exceeding supply globally.
Zikarsky said Pure Battery Technologies would use UQ's patented acid leaching process to produce battery-ready nickel and cobalt products more easily, and at lower capital and operational expense.
He said the process offered a higher cobalt recovery than was currently po...