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Benchmark Minerals: Battery production scrap will be the main source of recyclable material this decade

Charged

As demand for lithium-ion batteries accelerates, recycling of raw materials will be an essential part of the circular EV ecosystem. Benchmark forecasts that scrap will account for 78% of the pool of recyclable materials in 2025. Collecting process scrap is simpler than collecting end-of-life batteries.

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Projected EV battery recycling capacity outstrips expected supply

Charged

Afraid there won’t be enough recycling plants to recycle EV batteries when they start reaching end of life in large numbers? Encouraged by generous government incentives, companies have been investing heavily in battery plants. If a shortage of recyclable batteries develops, such companies could have the advantage.

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New EU legislation designed to make EV batteries greener, safer

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The EU parliament has approved a new set of rules designed to make EV batteries more durable, more sustainable and better performing. The new regs, which will come into force once the European Council has formally endorsed the text, affect the design, production and waste management of all types of batteries sold in the EU.

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Redwood Materials to supply cathode material to Panasonic’s new US battery plant

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JB Straubel’s Redwood Materials will supply remanufactured battery cathode material to Panasonic, beginning in 2025, for a new factory the Japanese battery-maker is currently building in Kansas. Part of the demand is expected to be met by recycling, which could reduce the need for new mines.

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IRA incentives set off battery recycling gold rush

Charged

As numerous EV execs have told Charged in recent months, the “buy American” provisions of the IRA and BIL are driving massive investments in domestic mining and processing for EV battery raw materials. Now a similar gold rush appears to be gathering speed in the battery recycling field.

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

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Sumitomo Metal Mining has developed a new proprietary process to extract high-grade metals from used EV batteries. Sumitomo says competitors, including JX Nippon Mining & Metals and Umicore, are also working on ways to recycle these materials, but that their processes require expensive chemicals. Source: Nikkei Asia.

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VW begins battery recycling pilot

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Volkswagen has opened its first EV battery recycling facility to recover raw materials such as lithium, nickel, manganese and cobalt in a closed loop, together with aluminum, copper and plastics, achieving a recycling rate of more than 90% over the long term. Source: Volkswagen.

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