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New process cheaply extracts copper, nickel, cobalt and lithium from used EV batteries

Charged

Tapping its expertise in copper refining, Sumitomo says it can cheaply extract copper, nickel, cobalt and lithium from used EV batteries by crushing them, heating the resulting powder to specific temperatures, and adjusting oxygen levels. EV-related demand has sent prices for these materials surging. Source: Nikkei Asia.

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The Challenges Posed By Rising Lithium Prices

R-Squared Energy

However, few commodities have surged this year quite like lithium. Lithium is one of the most important elements for our transition to a lower-carbon future. Lithium batteries are replacing the fuel in combustion engines in a variety of applications. This is where lithium differs from oil.

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Smart grids are spurring demand for BESS – study

Smart Energy International

Grid modernisation initiatives, including the movement to new technologies such as smart grids, are spurring the demand for battery energy storage systems (BESS), according to latest research from Research and Markets. billion by 2026. The report finds that the BESS market in the US is currently estimated at $1.3

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Wood Mackenzie: Global energy storage to reach 12 GW/28 GWh in 2021

Renewable Energy World

Wood Mackenzie's Global Energy Storage Outlook forecasts nearly 1 TWh of total demand from 2021-2030, with the U.S. Meanwhile, global lithium-ion battery manufacturing capacity is expected to double in the next two years-- Asia Pacific accounted for 81% of the growth in global capacity in 2020. and China dominating the market.

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NGen invests $1.3 million in NOVONIX for cathode facility in Nova Scotia

Charged

Lithium-ion battery firm NOVONIX has received 1.675 million Canadian dollars ($1.3 million US) from Next Generation Manufacturing Canada (NGen) as part of a larger investment in building a battery development and manufacturing facility in Nova Scotia.

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Altilium, Synetiq and LV= collaborate to facilitate EV battery recycling in the UK

Charged

These batteries will be processed at Altilium’s technology center in Devon to recover raw materials, including lithium and nickel, for direct reuse in the production of new batteries. The UK is the second-largest market for EVs in the European region, but currently exports battery waste to Europe and Asia for processing.

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Redwood Materials to receive $2-billion DOE loan, begins production of anode foil

Charged

The cathode contains lithium, nickel and cobalt, and the anode contains copper and graphite. These components, which account for nearly 80% of the materials cost of a lithium-ion battery, are currently manufactured entirely overseas, predominantly in Asia.

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