Scraped batteries hide business opportunities, huge market waiting for Nuggets

Millions of electric vehicles are being processed and used, but the world is not yet ready for the recycling of used batteries. According to the International Energy Agency (IEA) data, the number of electric vehicles will increase by 800% in the next 10 years, and each vehicle is equipped with a battery pack consisting of thousands of small batteries, resulting in massive electronic waste, and recycling will be The most effective way to eliminate this hidden danger. Given that the world's first wave of battery scrapping is coming, many countries are accelerating their deployment in this huge market with hidden business opportunities. China’s battery recycling industry is becoming more mature. 'The localization of battery processing drives the localization of battery recycling. Many countries around the world are seeking to maximize value in this high-rising field.' Financial information analysis company IHSMarkit Energy Storage Senior analyst George Hilton said, 'At present, China has begun to invest in the construction of large-scale battery recycling plants, and the country's battery recycling industry chain is accelerating to mature, which will greatly drive the enthusiasm for investment and construction in Europe and other countries.' Circular Energy Storage, a British recycling energy research agency, also A similar evaluation was made, saying that China is becoming more stringent and more mature in battery recycling and utilization. 'By 2030, China’s share of the global lithium battery scrap market is expected to reach 57%, and it will dominate the recycling and recycling of batteries worth 45 billion U.S. dollars. In the second-hand battery market, it is estimated that by 2030, more than 1.2 million tons of scrap lithium batteries will be recycled globally.' In fact, China has been continuously improving and advancing policies and regulations to promote the comprehensive utilization of automobile resources, and successively promulgated the 'Detailed Rules for the Implementation of the Management Measures for the Recycling of Scrapped Motor Vehicles.' New Energy Vehicle Power Battery Recycling and Utilization Management Measures, etc. You Yong, deputy director of the Energy Conservation Department of the Ministry of Industry and Information Technology, said that the next step will focus on guiding the battery industry to form a community of interests, support the company to carry out pilot demonstrations, innovate business models, continuously improve the level of equipment and technology, and accelerate the construction of high-quality, high-level, and high-efficiency The battery recycling system promotes the high-quality development of new energy vehicles and power lithium batteries. With the establishment and implementation of relevant laws, regulations, policies and standards, my country's battery recycling will accelerate into the fast lane. CircularEnergyStorage lithium battery lifecycle management expert HansEricMelin said frankly that the battery recycling market is underestimated globally, but as far as the current recycling situation is concerned, more than 70% come from my country and other Asian countries, 'their recycling rate is very high.' While the closed-loop potential of the battery industry chain is accelerating the popularization of electric vehicles, the issue of scrap battery recycling has not yet been resolved on a large scale, which will bring certain challenges to the global energy transition. Building a closed loop of the industrial chain will undoubtedly achieve the goal of 'using the previous generation of materials to make the next generation of batteries.' German statistics Internet company Statista estimates that by 2030, the lithium battery recycling market alone will be worth US$18 billion per year, far higher than the US$1.5 billion in 2019. Aixin Huamai pointed out that more than 500,000 tons of batteries will be dead this year, and it is expected to reach 1.2 million tons by 2025 and 3.5 million tons by 2030. Cost, safety and sustainability will promote the investment and development of scrap battery recycling. From a cost point of view, recycled materials are cheaper than original materials. In terms of supply safety and sustainability, battery recycling can greatly reduce the exploitation of natural resources and greatly reduce the damage to the environment and biodiversity. How to collect, transport, sort, decompose, produce, and redistribute battery waste is no easy task. Some experts pointed out that the battery has a fire hazard, which poses a huge challenge to safe transportation. Scrap batteries can be divided into multiple parts, such as plastic shells, foils and other mixed metals, and active materials such as cobalt and nickel in the center of the battery. Ship separately. The wave of scrap and recycling is coming. Given that scrap battery recycling is still in its infancy, the industry’s raging scrap wave is both excited and uneasy. This huge market is in urgent need of a technical and professional recycling team. This is both a business opportunity and a challenge. The US CNBC News Network pointed out that a large number of companies are investing in the multi-billion-dollar battery recycling and reuse market. Redwood Materials and Li-Cycle, developers of raw material recycling and reuse technologies, have raised tens of millions of dollars for the construction of recycling plants. Redwood Materials currently owns two factories, which deal with all of Tesla's waste and defective batteries. A total of 20,000 tons of scrap battery materials can be obtained from more than a dozen partners such as Tesla each year. Through specific technology, 95%-98% of nickel, cobalt, aluminum and graphite, as well as 80% of lithium in the battery can be recovered. Li-Cycle tends to solve the logistics problem of the transportation of scrap batteries. 'Our ultimate goal is only one, which is to convert exhausted batteries into new usable resources.' Li-Cycle co-founder and executive chairman Tim Johnston emphasized. Disclaimer: Some pictures and content of articles published on this site are from the Internet. If there is any infringement, please contact to delete.