Ascend Elements, Other Players Grow U.S. Battery Metals Market

September 7, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Ascend Elements (Westborough, Massachusetts) is riding a wave of public and corporate enthusiasm for battery technology. The eight-year-old company has raised $542 million this year to expand its supply chain for recycled battery materials. Ascend is among the companies developing their outlook based on an expected growth in demand for materials necessary for the lithium-ion batteries that fuel electric vehicles (EVs) and renewable-energy sources.

Industrial Info is tracking about $7 billion worth of active and planned projects across the U.S. for the development of battery metals, new or recycled, including nearly $1 billion in projects already under construction.

Other companies featured: Qatar Investment Authority, BlackRock Incorporated (NYSE:BLK), Temasek Holdings, Redwood Materials Incorporated, Lotte Chemical Corporation, Advanced Nano Products Company Limited and Ford Motor Company (NYSE:F).