- In February 2024, Cirba Solutions and EcoPro signed a Memorandum of Understanding (MoU) to enhance lithium-ion battery recycling efforts, with this collaboration being pivotal due to the growing demand for battery materials and the emphasis on clean energy production in the U.S
- In March 2023, Li-Cycle was awarded a USD 375 million loan from the U.S. Department of Energy to develop a lithium-ion battery recycling facility near Rochester, New York, with the facility aiming to focus on recycling key battery materials, addressing the high cost of lithium mining in the U.S. and local opposition to extraction projects
- In February 2023, Fortum Battery Recycling commenced its electric vehicle (EV) battery recycling operations in Kirchardt, Germany, with this hub processing over 3,000 tons of end-of-life batteries and production scrap annually, and being connected to the Harjavalta site, where the hydrometallurgical process occurs
- In August 2022, Mercedes-Benz Group AG announced a partnership with Contemporary Amperex Technology Co. Ltd. to establish a battery manufacturing plant in Hungary, with a USD 7.6 billion investment, and the factory set to produce 100 gigawatt-hours of batteries, enough to power more than 1 million vehicles, while operating on renewable energy
- In April 2022, Umicore entered into a long-term strategic supply agreement with Automotive Cells Company (ACC) for battery recycling services, with the recovered metals from Umicore’s recycling process being delivered to ACC's pilot plant in Nersac, France, in battery-grade quality for reuse in new lithium-ion battery production
- In August 2021, Glencore formed a long-term strategic partnership with Britishvolt, a leader in electric vehicle battery production in the UK, with Glencore supplying Britishvolt with cobalt, further strengthening its position in the lithium-ion battery recycling market
Frequently Asked Questions
The market is segmented based on Global Lithium-Ion Battery Recycling Market Segmentation, By Component (Active Material and Non-Active Material), Chemistry (Lithium-Nickel Manganese Cobalt (Li-NMC), Lithium Cobalt Oxide (LCO), Lithium-Manganese Oxide (LMO), Lithium-Iron Phosphate (LFP), Lithium-Nickel Cobalt Aluminium Oxide (NCA), and Lithium-Titanate Oxide (LTO)), Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, and Physical/ Mechanical Process) – Industry Trends and Forecast to 2032
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The Global Lithium Ion Battery Recycling Market size was valued at USD 6.93 USD Million in 2024.
The Global Lithium Ion Battery Recycling Market is projected to grow at a CAGR of 20.45% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
