{"id":1147042,"date":"2019-10-31T11:05:16","date_gmt":"2019-10-31T17:05:16","guid":{"rendered":"https:\/\/www.mining.com\/?p=1005764"},"modified":"2019-10-31T11:05:16","modified_gmt":"2019-10-31T17:05:16","slug":"recycled-lithium-batteries-market-to-hit-6-billion-by-2030-report","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1147042","title":{"rendered":"Recycled lithium batteries market to hit $6 billion by 2030 \u2014 report"},"content":{"rendered":"<p>Electric vehicles (EVs) are catching on faster than even<br \/>\ntheir most ardent supporters ever expected, which inevitably means the pile of<br \/>\nspent lithium-ion batteries that once powered those cars is also rising fast.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>China alone is forecast to generate around 500,000 tonnes of<br \/>\nbattery waste&nbsp;by 2020, a number that would hit 1.2 million tonnes per year<br \/>\nby 2030, when considering global consumption, London-based Circular Energy<br \/>\nStorage (CES) said Thursday.<\/p>\n<p>Some companies, <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.mining.com\/apple-to-include-parts-made-of-100-recycled-rare-earths-in-new-iphones\/\" >such as giant tech Apple<\/a>, are grabbing the bull by the horns by trying to re-use as many minerals contained in discarded batteries as possible.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>125,000 tonnes of lithium, 35,000 of cobalt and 86,000 of nickel could be recovered by 2030 from waste batteries.<\/p>\n<p><cite>Circular Energy Storage <\/cite><\/p><\/blockquote>\n<\/figure>\n<p>CES sees a profitable business on battery recycling.<br \/>\nAccording to the consultancy, recycled material and second life batteries can<br \/>\ngenerate a market worth more than $6 billion, based on current metal prices.<\/p>\n<p>The experts believe the amount of <a href=\"https:\/\/www.mining.com\/companies-now-looking-electric-battery-metals-garbage\/\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">lithium and cobalt from recycled materials<\/a> will be equivalent to about a half and a quarter respectively of today\u2019s markets for the mined commodities. <\/p>\n<p>By 2030, they says, batteries with a capacity of close to<br \/>\n1,000 GWh will have become available for a second life, adding significant capacity<br \/>\nto markets for backup power, stationary energy storage and EV charging.<\/p>\n<p>\u201cWhile the industry tend to focus on the electric cars we<br \/>\nexpect more batteries from heavy use applications such as electric buses,<br \/>\ntrucks, fork lifts, e-bikes and scooters,\u201d says Hans Eric Melin, manager director<br \/>\nat Circular Energy Storage and the author of the study. \u201cHowever, the<br \/>\ngeographical differences are huge, both regarding volume and the<br \/>\ncharacteristics of the waste stream\u201d.<\/p>\n<p>In North America and Europe, recycling is seen as a waste disposal activity that companies should be paid to carry out. In China, the largest producer and consumer of lithium-ion batteries, competition has become so intense in that recyclers are willing to pay to get their hands on dead batteries.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/10\/CES-lithium-ion-batteries-for-recycling-worldwide-tonnes.jpg\" alt=\"Recycled lithium batteries market to hit $6 billion by 2030 \u2014 report\" class=\"wp-image-1005770\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/10\/CES-lithium-ion-batteries-for-recycling-worldwide-tonnes.jpg 748w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/10\/CES-lithium-ion-batteries-for-recycling-worldwide-tonnes-300x291.jpg 300w\" sizes=\"(max-width: 748px) 100vw, 748px\" \/><figcaption><em>Source: <a href=\"https:\/\/circularenergystorage.com\/\"  rel=\"noopener noreferrer\"> Circular Energy Storage.<\/a><\/em><\/figcaption><\/figure>\n<p>This appetite means China\u2019s grip on lithium-ion (Li-ion) battery recycling is set to grow. American and European recycling companies have good processes, but might struggle to find the volumes of used batteries needed for profitable operations.<\/p>\n<p>One of the reasons, <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/cen.acs.org\/materials\/energy-storage\/time-serious-recycling-lithium\/97\/i28\" >says Linda L. Gaines of Argonne National Laboratory<\/a>, is that the Western world lacks a clear path to large-scale economical recycling, battery researchers. As a consequence, manufacturers have traditionally focused on lowering costs and increasing battery longevity and charge, instead of trying to improve batteries\u2019 recyclability. And because researchers have made only modest progress in that field, relatively few Li-ion batteries end up being recycled.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/10\/second-life-batteries.jpg\" alt=\"Recycled lithium batteries market to hit $6 billion by 2030 \u2014 report \" class=\"wp-image-1005771\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/10\/second-life-batteries.jpg 690w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/10\/second-life-batteries-150x150.jpg 150w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/10\/second-life-batteries-300x300.jpg 300w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/10\/second-life-batteries-80x80.jpg 80w\" sizes=\"(max-width: 690px) 100vw, 690px\" \/><figcaption><em>Source: <a href=\"https:\/\/circularenergystorage.com\/\"  rel=\"noopener noreferrer\"> Circular Energy Storage.<\/a><\/em><\/figcaption><\/figure>\n<p>CES estimates that as much as 125,000 tonnes of lithium carbonate equivalent (LCE), 35,000 tonnes of cobalt and 86,000 tonnes of nickel could be recovered by 2030 from waste batteries. To this, between 400,000 and 1 million tonnes of production scrap might be added, depending on efficiency and production volume, it says. <\/p>\n<p>\u201cTogether, processed volumes of waste lithium-ion batteries<br \/>\nand scrap materials will make up a market worth more than $6 billion,\u201d the<br \/>\nconsultancy predicts.<\/p>\n<p>An even larger market is the market for remanufactured and<br \/>\nsecond life batteries. CES anticipates that 75% of light, heavy and utility<br \/>\nvehicle batteries will either be remanufactured for use in its original<br \/>\napplications, or repurposed to be used in other stationary energy storage<br \/>\nsystems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circular Energy Storage predicts the world will generate around 1.2 million tonnes of battery waste per year by 2030.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1016,2849,369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1147042"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1147042"}],"version-history":[{"count":4,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1147042\/revisions"}],"predecessor-version":[{"id":1147062,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1147042\/revisions\/1147062"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1147042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1147042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1147042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}