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Analysts: Lithium Battery Recycling Market to Expand Tenfold by 2030

November 5, 2019

Via: Waste360

Researchers at London-based Circular Energy Storage (CES) have estimated that in 2030, recycling facilities could recover 125,000 tons of lithium, 35,000 tons of cobalt and 86,000 tons of nickel, according to a pv magazine report.

The report also notes that high-volume use of lithium-ion storage in portable electronics, transport and energy applications continues to accumulate scale for the eventual recycling industry for such products. CES analysts believe that over the next decade, 1.2 million tons of lithium-ion batteries will have reached end of life, and the market volume for such batteries will likely have expanded tenfold between 2018 and 2030.

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