|Bid||0.25 x 0|
|Ask||0.25 x 0|
|Day's Range||0.25 - 0.25|
|52 Week Range||0.23 - 0.50|
|PE Ratio (TTM)||62.50|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.40|
Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalise on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off. The main obstacle recyclers face now is a shortage of spent batteries to recycle to make their technology cost-effective, but those at the forefront of the industry are confident the supply, and profits, will come. "The value of lithium carbonate and natural or synthetic graphite has doubled or tripled in the last three or four years, becoming the most valuable materials besides cobalt in the automotive battery," Albrecht Melber, co-managing director of German recycling firm Accurec, said.
Neometals Ltd (ASX:NMT) delivered a less impressive 5.63% ROE over the past year, compared to the 11.51% return generated by its industry. An investor may attribute an inferior ROE toRead More...