By 2025, there may be three times as much room for recycling factories as there will be scrap to power them.
"But if you look at the level of capacity that's coming online, it's huge in relation to what we need."
Naturally, the oldBefore legislation requiring companies to use more recycled materials in their batteries starting in 2030, automakers in Europe urgently need to establish factories, theChina is home to over 80percent of the world's battery recycling capability. The market won't reach an inflection point where volumes of used batteries available to recyclers start to rise until the mid-to-late 2030s, according to a recent study by UK's, a publisher for the lithium ion battery to electric vehicle supply chain.
As per Ajay Kochhar, CEO, and co-founder of Canadian recycling startup Li-Cycle Holdings Corp. The biggest roadblock will likely be for companies primarily focused on processing "black mass.""But there is a question about how that will evolve for the industry as a whole."Recycling companies will rely substantially on the scrap created during the battery-making process in the near future.
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