By 2030, the global lithium-ion battery recycling market size is expected to grow by 1,107%.
Offsetting the supply of materials from mining industries, and the drain on the environment.
Closing the gap on the end of life for Lithium-ion Batteries by creating and circular economy
Reducing waste and reduce the carbon footprint for the transport & power industries
Why Recycle Lithium-ion Batteries?
- Lithium-ion batteries are made up of many valuable minerals that can be re-used and recycled.
- Reduce global net energy requirements through a circular and responsible Lithium-ion battery value chain.
- Work towards reducing carbon emissions in the transport and power industries.
- Contribute towards realizing the Paris Agreement goal of achieving a minimum net 2°C reduction in global warming temperatures by the end of this century.
- Reduce global environmental impacts from harmful pollutants.
- Offset the supply constraints of critical materials and metals from mining activities.
- As a matter of US national security – Presidential Executive Order 13817 identifies the need for “developing critical minerals recycling and reprocessing technologies” as part of a broader strategy to “ensure secure and reliable supplies of critical minerals.”
- Government mandates on end-of-life lithium-ion batteries.
According to the most recent U.S. Geological Survey (USGS) Mineral Commodity Summary, the United States imported over 90% of its lithium from Argentina and Chile between 2015 to 2019. Six mineral operations in Australia, two brine operations each in Argentina and Chile, and one brine and one mineral operation in China accounted for the majority of world lithium production. Owing to overproduction and decreased prices in 2019, several established lithium operations postponed capacity expansion plans. Junior mining operations in Australia, Canada, and Namibia ceased production altogether. The impact of COVID-19 has slowed production around the world and a supply surplus of lithium currently remains but is expected to be consumed in the short term.
Lithium supply security has become a top priority for technology companies in the United States and Asia. Strategic alliances and joint ventures among technology companies and exploration companies continued to be established to ensure a reliable, diversified supply of lithium for battery suppliers and vehicle manufacturers.
Lithium-ion Battery Cathode Chemistries
|CATHODE CHEMISTRY TYPES||STATUS/COMMON APPLICATION|
|Lithium nickel cobalt aluminium oxide (LiNiCoAlO2), also known as Lithium cobalt aluminium (NCA)||Gaining importance in electric vehicles (EV) and grid storage|
|Lithium nickel manganese cobalt oxide (LiNiMnCoO2), also known NMC||Power tools, e-bikes, EV, medical applications|
|Lithium cobalt oxide (LiCoO2), also known as Li-cobalt or LCA||Smart phones, laptops, tablets cameras|
|Lithium iron phosphate (LiFePO4), also known as Lithium Ferrous or Lithium Ferro Phosphate (LFP)||Energy storage, power tools, e-bikes, EV, medical applications|
|Lithium manganese oxide (Li-Mn2O4), also known as Li-manganese, LMO or spinel||Power tools, e-bikes, EV, medical devices, hobbies|
|Lithium titanate (Li4Ti5O12), also known as Li-titanate or LTO||Grid storage, EV, buses and ferries|
|Lithium sulphur (Li-S)||Emerging technology|
|Lithium ion polymer (soft pouch)||Various including consumer electronics, EV|
|Lithium manganese dioxide (primary battery)||Military applications|