Lithium ion battery recycling technology firm American Battery Metals Corporation (OTCMKTS:ABML) is in focus this morning in the markets and the stock has already recorded gains of 6% to take its gains over the past week to 70%.
This morning the stock has rallied after the company announced that it has entered into a partnership by way of which it is going to help with the recycling as well as collection of electric vehicle batteries.
It is the first operation of its kind and the operation is going to be based out of Cicle EV ChargeParks.
The aim of this venture is meant to keep up to rising consumer demand for battery recycling services at a time when many car manufacturers as well as truck fleets are moving into electric mobility in a big way. This partnership could help in solving a major supply problem that might create problems for the growing electric vehicle industry.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.