China's CATL Invests $4.9 Billion to Recycle Lithium Battery Materials

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Researched by Industrial Info Resources (Sugar Land, Texas)--Contemporary Amperex Technology (CATL) recently disclosed plans to build a battery material recycling facility in Yichang City, Hubei Province. The project, which is valued at US$4.9 billion, will build facilities to recycle used lithium batteries, as well as produce materials such as lithium cobaltate and lithium iron phosphate, and cathode materials such as graphite and phosphoric acid.

Industrial Info is tracking about US$12 billion worth of lithium battery materials projects across China. Sichuan and Jiangxi are the top two provinces in terms of spending. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of detailed project reports.

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