Power cells could be scrapped by more than 100,000 tons by 2020

With the new energy vehicles in good shape, by 2020, the total number of power batteries scrapped will reach 12-170000 tons, said Zhangyunhe, director of the research institute of Green America Co., Ltd.. On the one hand, Chinese cobalt resources are depleted. There are no pure cobalt mines. More than 95 % rely on imports and are seriously unsafe. China's cobalt resources account for only 1.03 % of the world's cobalt resources, but China's cobalt resources consume 50 % of the world's cobalt resources. On the other hand, China's nickel resources are seriously lacking, with an import rate of more than 60 %. While Chinese nickel resources account for only 3.0 % of the world's nickel resources, China's nickel resources consume more than 20 % of the world's nickel resources.

Zhangyunhe believes that in the lithium ion battery industry chain, a complete lithium ion battery industry chain should also include lithium battery recycling. At present, Green America has the largest domestic used battery and scrap battery material treatment production line. Previously, the company's reuse of used battery materials was mainly the extraction of nickel and cobalt for in-depth reprocessing. A complete industrial chain of raw materials such as nickel cobalt manganese(NCM) and nickel cobalt aluminum(NCA) was built from waste batteries.

At present, GEM has built a lithium ion battery material production line with an annual output of 17,000 tons (including 10,000 tons of Jingmen Green mei Park), and supplies lithium battery positive electrode precursors such as cobalt trioxide, nickel cobalt manganese ternary materials and nickel cobalt aluminum ternary materials. Products, accounting for more than 30% of the Chinese market, are exported to Japan and South Korea. A few days ago, GEM released a notice saying that the company plans to build 500 yuan into the Central Plains Circular Economy Industrial Park in Lankao, Henan. The Lankao County Government actively allocates various resources to promote the rapid construction of the GEM (Central Plains) Circular Economy Industrial Park and establish a technical system and production equipment system for the electronic utilization of waste, scrapped cars and scrap metal in the Central Plains Economic Circle. The recycling of various types of urban mineral resources can save resources, reduce environmental pollution, and alleviate the social effects of resource shortages and environmental hazards.

With the continuous development of electric vehicles, power battery companies are constantly carrying out technological innovations. In addition, with the increase in the number of power lithium batteries recovered, there will be scale effects, and the social and economic effects of recycling power cells and recycling will gradually appear.

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