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American Battery Technology gets $100M export license, grows revenue 407% in lithium battery recycling.

Market News
01 Oct 2026
Andrew Wynn
View Source
Bullish
American Battery Technology gets $100M export license, grows revenue 407% in lithium battery recycling.

American Battery Technology Company secured a $100 million export license from the U.S. Department of Commerce to sell recycled battery black mass, which contains critical minerals like lithium and cobalt. The company is expanding its recycling operations with a second facility funded by a $150 million U.S. Department of Energy grant. Fiscal 2026 revenue surged 407% to $21.7 million, driven by higher recycling throughput, increased byproduct output, and better pricing. This growth supports the development of a domestic battery supply chain and positions the company strongly in the sustainable battery materials market.

American Battery Technology Company and its battery recycling growth provide context for the Basic Materials sector's performance on Pluang. Of 38 priced Basic Materials-sector US stocks, 4 rose and 34 fell today. Notable movers include LAC at USD 2.52 with a 3.99% decline and FMC at USD 8.57 with a 3.87% drop. Data is as of Oct 01, 2026 22:41 WIB.

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