How big is the lithium battery recycling market

Release Time：2024-01-10 Source：Lithium Battery Recycling Machine Share：

         New energy vehicle sales continue to grow, for the lithium battery market to gradually achieve the closed loop of the value chain. The whole lithium industry upstream and downstream booming. In the face of power battery recycling, lithium battery recycling treatment and reuse can solve environmental problems, can open up the upstream and downstream resources.

         Different types of lithium batteries: lithium cobalt acid batteries, lithium ternary batteries, lithium iron batteries and other types of power batteries as an important part of the new energy automobile industry. The rapid development of the new energy vehicle industry has spurred the demand for power battery recycling. Usually: lithium batteries will face decommissioning after 5-8 years of use.
 


Lithium battery recycling two ways:


         1. Ladder use: for the decommissioning of lithium battery packs through the ladder use, to play its residual value. Used in industries with low power requirements.

         2. Crushing and sorting: lithium battery recycling machine for waste lithium batteries discharge, dismantling, crushing, sorting and other steps, will be recovered after the positive and negative materials (black), copper, aluminium, iron and other metals for refining again. The raw materials are extracted, thus realising the regeneration of resources. Lithium battery recycling machine has the advantageous features of low energy consumption, safety and high efficiency, high recovery rate. The recovery rate of positive and negative electrode materials is as high as 98%. The recovery rate of copper and aluminium is above 98%. The recovery rate of lithium is above 90%, and the recovery rate of nickel and cobalt metal is above 95%.

         LFP is currently in the position of gradient utilisation, to play its residual value, and then crushing and sorting.LCO and NMC are mainly crushing and sorting.

         Lithium battery recycling market is very large, with the rapid development of new energy vehicles, lithium battery recycling industry will usher in the peak. In the recycling rate. The compound annual growth rate of the volume of end-of-life batteries and production waste in the next ten years is 43%; it is expected that the volume of power battery decommissioning in 2025 will be 137.4GWh. the market size will reach hundreds of billions in 2030.

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