Latest Developments in Global Lithium Ion Battery Recycling Market

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Latest Developments in Global Lithium Ion Battery Recycling Market

  • Semiconductors and Electronics
  • Nov 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • 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

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