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Released September 03, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Welcome to the recycling age! The energy transition is driving demand for battery metals like lithium, cobalt and nickel. With grassroot mine development attracting more social and regulatory scrutiny--causing delays in bringing new capacity online--it will become increasingly important for recycling of spent batteries to supplement primary supply of energy transition metals. Both the aluminum and steel industries have well-established recycling supply chains. But other battery metals will require significant investment in collection, recycling and distribution infrastructure.
Industrial Info is tracking 42 battery-recycling projects worldwide, totaling $2 billion, as part of its Global Market Intelligence (GMI) platform. Subscribers can click here for a list of detailed project reports.
Recycling of spent lithium-ion and other chemistry batteries will play an important role in future supply, and the need for innovative solutions for recycling batteries is growing. Many firms are developing novel hydrometallurgical processes to recover metals, some without the consequence of chemistry. Tesla Incorporated (NASDAQ:TLSA) (Palo Alto, California) claims to recycle 100% of its electric vehicle (EV) batteries in a closed-loop process using third-party processors.
Redwood Materials Incorporated (Carson City, Nevada) recently raised $700 million and is planning to expand an existing battery-recycling plant in Carson City. It also is developing a grassroot battery recycling plant in Sparks, Nevada.
China leads all countries in battery recycling projects, followed by South Korea, Canada and the U.S.
Click on the image at right for a chart showing battery recycling project activity by country.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Industrial Info is tracking 42 battery-recycling projects worldwide, totaling $2 billion, as part of its Global Market Intelligence (GMI) platform. Subscribers can click here for a list of detailed project reports.
Recycling of spent lithium-ion and other chemistry batteries will play an important role in future supply, and the need for innovative solutions for recycling batteries is growing. Many firms are developing novel hydrometallurgical processes to recover metals, some without the consequence of chemistry. Tesla Incorporated (NASDAQ:TLSA) (Palo Alto, California) claims to recycle 100% of its electric vehicle (EV) batteries in a closed-loop process using third-party processors.
Redwood Materials Incorporated (Carson City, Nevada) recently raised $700 million and is planning to expand an existing battery-recycling plant in Carson City. It also is developing a grassroot battery recycling plant in Sparks, Nevada.
China leads all countries in battery recycling projects, followed by South Korea, Canada and the U.S.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
