Redwood building US cathode and foil supply

Redwood is trying to win the most valuable part of the battery stack, not just the cleanup step. Recycling batteries is useful, but the bigger prize is turning recovered metals into battery grade cathode material and copper foil inside the U.S., then selling those parts straight to cell makers that otherwise buy from Asian suppliers. That lets Redwood sit in the middle of the loop, collecting scrap on the way in and selling finished inputs on the way out.1 4

• Most battery recyclers stop after extracting black mass or refined metals. Redwood pushes further into making cathode active materials and anode copper foil, which moves it closer to where battery profit pools and customer lock in sit.1
• The domestic angle matters because North America still processes only a small share of lithium and cobalt globally, while China remains dominant in refining and battery materials. Redwood is building Nevada and South Carolina capacity to shorten that chain for U.S. automakers and cell plants.1 4 5
• This also separates Redwood from adjacent battery startups. Sila sells a better anode material, and Moment Energy repurposes used packs into stationary storage. Redwood is trying to own the materials plumbing underneath both by sourcing scrap, refining metals, and manufacturing core battery inputs.1 6 7

The next phase is a shift from selling recovered minerals into existing markets toward feeding more of that output back into new EV batteries. If Redwood scales cathode and foil production as planned, it becomes less like a recycler and more like a domestic battery materials manufacturer with recycling as its raw material advantage.1 4