Battery recycling will become a favorable business, current metal prices can be born with more than $ 6 billion markets.

2022/04/08

  Author :Iflowpower – Portable Power Station Supplier

Headquartered in London's Circular Energy Storage (CES) Recently, it is expected that the global electric vehicle consumption is expected to waste about 500,000 tons of lithium-ion batteries in 2020, and this number will reach each year by 2030. 1.2 million tons.

CES sees a profitable business in terms of battery recycling. According to the data of the consulting company, according to the current metal price, recycled materials and reuse battery cells can be born more than $ 6 billion in markets worth more than $ 6 billion. Experts believe that the content of lithium and cobalt in the recovery material will be equivalent to half of the current mining items and one quarter.

By 2030, the battery close to 1000GWH will continue to use, add a large amount of capacity for the backup power supply, fixed energy storage system and electric vehicle charging market. Battery researchers say that the Western world lacks a clear road leading to mass economic cycle. Therefore, manufacturers have traditionally focused on reducing costs, extending battery life and charging time, rather than trying to improve battery recovery.

Since the researchers have made a small progress in this category, only relatively small lithium-ion batteries are finally recycled. CES estimates that by 2030, up to 125,000 tons of lithium carbonate (LCE), 35,000 tons of cobalt and 86,000 tons of nickel can be recovered from waste batteries. In addition, according to efficiency and yield, it may increase by 400,000 to 1 million tons of processing waste.

CES expects 75% of light, heavy, and multi-purpose vehicle batteries to be re-manufactured, used for their original use, or modified to other fixed energy storage systems. .

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