With the continuous increase in the number of electric vehicles and the number of small lithium-ion battery equipment scrapped, the lithium-ion battery recycling industry has shown more and more strong momentum. The recovery of key metal materials such as cobalt and nickel can help stabilize The supply and price of these raw materials.
Automobile manufacturers, investors and mining companies have expressed their keen 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.
If a flexible battery recycling industry can cope with the short-term changes in the demand for battery raw materials, the prices of key metal materials such as cobalt and nickel materials will become more stable.
The shortcomings of recent recycling of used batteries and the lack of relevant lithium-ion battery recycling regulations have brought certain challenges to the accelerated development of the battery recycling industry.
At present, the world's companies engaged in the recycling of lithium-ion batteries include Umicore of Belgium and GEM of China.
a set of data
311,000 metric tons
BNEF predicts the amount of battery recovered from end-of-life electric vehicles in 2025 (in metric tons)
4 million metric tons
It is estimated that global lithium-ion battery sales will be 2025
$190,000
Recovery of 3 metric tons of lithium-ion battery cathode material per day, estimated revenue
