Insight
EV battery recycling - can it fill the gap?
Report summary
Our latest battery raw materials analysis shows rapidly increasing deficits in the lithium, nickel and cobalt markets post 2030. We now take a look at battery recycling and how the industry needs to develop to support growing demand for the key metals. An overview of some of the major challenges and barriers highlight that while recycling will be critical for any significant EV penetration, it still may not be enough.
Table of contents
-
Why recycling is necessary
- We're going to need more 'stuff'
- How to secure critical metals?
- Reducing the carbon footprint of EVs
-
Key barriers to lithium-ion battery recycling
- 1. Battery chemistries are changing
- 2. Cheaper batteries are less economical to recycle
- 3. Large scale facilities might not always be the best solution
- 4. Policy needs to catch up
- Recycling will have an impact, but only in the long term
Tables and charts
This report includes 13 images and tables including:
- Supply gap in 2040 - battery recycling hardly makes a dent
- Lithium mine supply
- Spodumene conversion capacity
- Cobalt mine supply
- Cobalt refining capacity (2017)
- EV battery chemistry forecast H1 2018
- Value of recycled metals in 30 kWh battery
- Total recycled EV battery metals value
What's included
This report contains:
Other reports you may be interested in
Insight
The energy transition outlook for lithium
The outlook for the lithium market is strongly linked to energy transition and to electric vehicles in particular
$1,050
Insight
The energy transition outlook for cobalt
Net Zero by 2050 will require magnet Co demand to more than double from today and battery-grade cobalt use to rise 15% higher than base case
$1,050
Commodity Market Report
Global cobalt strategic planning outlook Q1 2024
The cobalt market will need a few years to destock before welcoming a new price cycle in the late 2020s.
$10,000
