Li-Ion Battery Recycling Facilities
Welcome to our Li-Ion Battery Recycling Investment article. You can contact us for more detailed information.
Recently, almost all car manufacturers have been replacing their production plans with electric vehicles instead of carbon fuel vehicles. In the next 5 years, we will see the dominance of electric cars on the roads of all countries of the world. With this increase, the recycling of Lithium-ion batteries also gained importance. The battery recycling sector is among the attractive investments. The battery of electric vehicles has a certain lifetime and the emergence of new batteries everyday thanks to the developing technology keeps this scrap industry alive. In addition, scrap lithium ion batteries will not only come from electric vehicles, but they will have a share in increasing the amount of scrap in electric trucks, buses, forklifts / construction machines, e-bikes, scooters that will enter the sector soon.
Lithium-ion batteries are not only seen in electric vehicles. We see these batteries in every field where technology comes from mobile phones to military devices, aviation industry and drones to cameras. With this increase rate both in industry and in individual use, it also increases the importance of lithium as raw material. The main minerals used in these batteries are Copper, Manganese, Cobalt, Nickel, Graphite, Lithium.
Battery Raw Meterial Demand
Significant bottlenecks for lithium and cobalt mines are expected in the coming years. There is also a rapid increase in the price indices of these mines. Especially considering the lithium and cobalt reserves, it is seen that the supply is not possible to meet the demand all over the world. In this case, the recycling sector, the secondary mining market, offers great opportunities.
Today, the recycling rate of lithium batteries is 2-3% all over the world. This situation has great business potential. Many countries and startup companies are developing a recycling project for lithium-ion batteries. The increase in demand for metals also increases the attraction of the business. Also, lithium-ion batteries cannot be disposed of by scraps, incineration or decay. They must be stored in a controlled manner. Even this creates a storage cost. The recycling process will eliminate this storage cost first. In addition, the states provide support for the establishment of these facilities and the disposal of waste.
Considering all these conditions, Li-Ion Battery Recycling facilities seem to be both a necessity and a very profitable investment all over the world.
Therefore, if you want to establish a conversion facility, you can contact us immediately.
