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Lithium-Ion Battery Recycling in the Circular Economy
The number of wasted lithium-ion batteries is rising along with the use of these batteries in modern electronics including mobile devices, electric vehicles, and grid-scale electronic storage. Despite the fact that these batteries are valuable and recyclable, barely 5% of them are recycled because of many technical, financial, and other issues. Furthermore, a tenfold increase over current consumption is predicted for li-ion battery waste in the long run.
Economics and Challenges of Li-Ion Battery Recycling from End-of-Life Vehicles
Whereas rising demand for Li-ion batteries is depleting lithium, cobalt, and other metals at an exponential rate, it has created a slew of new problems:
Batteries nearing the end of their useful life have a 35% CAGR.
Already, 500K Tons of Li-Ion batteries have reached the end of their useful life.
The expected growth in Li-Ion battery production is 5X by 2030, amounting to over 7 million tonnes of Li-Ion batteries.
By 2030, 3 million tonnes of Li-Ion batteries are predicted to be obsolete.
500-700k tonnes of manufacturing waste in 2030, up from 50K tonnes now.
1 tonne of lithium requires 500k gallons of water to mine.
Recycling of lithium-ion batteries in India
Our tie-up with one of the largest battery recycler in India. We collect all types of battery scrap and get them recycled through our recycler.
