With the increasing production of electric vehicles and the growing number of scrapped small lithium-ion battery devices, the lithium-ion battery recycling industry is showing increasingly strong growth momentum. The recycling of key battery metals such as cobalt and nickel can help stabilize the supply and price of these raw materials.
Automakers, investors, and mining companies have all expressed strong interest in the potential of the battery recycling industry in order to meet the growing demand for raw materials such as cobalt, copper, and lithium, which are at risk of supply shortages.
If a flexible battery recycling industry can cope with short-term changes in demand for battery raw materials, the prices of key battery metals such as cobalt and nickel will become more stable.
The recent shortage of recyclable waste batteries and the lack of relevant lithium-ion battery recycling regulations have posed certain challenges to the accelerated development of the battery recycling industry.
Currently, companies engaged in lithium-ion battery recycling worldwide include Umicore of Belgium and GEM Co., Ltd. of China.
A set of data
311,000 metric tons
BNEF predicts that by 2025, the amount of batteries recovered from end-of-life electric vehicles (in metric tons) will reach [a certain figure].
4 million metric tons
Global lithium-ion battery sales are projected to reach 2025.
$190,000
The estimated revenue from recycling 3 metric tons of lithium-ion battery cathode material daily (this highest estimated figure comes from Manganese Corporation of the United States) is...
