What is the role of the lithium-ion battery recycling

As the rising number of electric cars production quantity and the lithium- ion batteries discarded equipment. The recycling industry shows more and more strong momentum of development.Key metal materials battery recycling such as cobalt, nickel, can help to stabilize the supply and the price of raw materials.

Auto makers, investors, and mining companies expressed a strong interest in the potential of the battery recycling industry , in order to meet the increasing of demand of raw materials such as cobalt, copper and lithium, etc. which is in a risk of shortage.

If a flexible battery recycling industry is able to cope with the short-term demand of raw materials change, that will make the battery key metal material such as cobalt, nickel material price be relatively stable.

Recently, the shortage of the used batteries that can be recycled, and lack of related lithium-ion battery recycling laws and regulations, has brought some challenges to the acceleration of battery recycling industry development .

At present, engaged in the lithium-ion battery recycling companies around the world has Belgium's Umicore as well as the GEM of China Co., Ltd.

A set of data

311 thousand metric tons

BNEF predicted that in 2025 from recycling batteries in scrap electric vehicles (in metric tons)

4 million metric tons

Expects 2025 global sales of lithium-ion batteries

Us $190 thousand

Daily recycling 3 metric tons of lithium-ion battery cathode materials, is expected to bring income (it is the highest value from manganese industry companies in the United States)

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