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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. Demand for recycled materials may soon be on the increase.

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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.

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There’s gold (and lithium and cobalt) in all those EV battery packs

The Verge: Energy

Billions of dollars in incentives such as the Inflation Reduction Act and Bipartisan Infrastructure Law have spurred the creation of a so-called Battery Belt across the southeastern US, all fuel to fire an anticipated spike in electric vehicle demand. The solution, or part of it, might come from recycling.

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New EU legislation designed to make EV batteries greener, safer

Charged

They are designed to ensure that the soaring demand (the EU is expected to have some 30 million EVs by 2030) is met by greener batteries with lower emissions, produced using recycled materials. Battery recycling targets on the consumer side will also be raised. ” Sources: Reuters , GreenBiz

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

Charged

Spurred by the Inflation Reduction Act , battery-makers are scrambling to develop North American sources of key battery materials, including nickel, cobalt and lithium. 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

BMW Sustainability Chief Thomas Becker told Reuters that the minerals in a typical EV battery—primarily lithium, cobalt and nickel—are worth somewhere between $1,100 and $2,200. (So Demand for these materials is bound to grow as automakers ramp up EV production, but they can theoretically be recycled an infinite number of times.

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Projected EV battery recycling capacity outstrips expected supply

Charged

Recyclers that are building up a supply chain of non-recycled materials to ensure a consistent output of processed materials, such as Redwood Materials , will also be better poised to make it through the supply shortage,” says ABI.

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