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Lithium-ion batteries are one of the most popular types of batteries on the market today, thanks to their high energy density and long life span. However, when they reach the end of their life, they can be difficult to recycle.
There are a number of companies that specialize in recycling lithium-ion batteries. The process typically starts with the batteries being crushed into small pieces. The small pieces are then sorted by chemical composition and purity.
Key Trends and Drivers
The recycling of lithium-ion batteries is a process by which waste batteries are converted into new battery cells. The recycling process involves the collection of waste batteries, the disassembly of the battery cells, the separation of the lithium, cobalt, and other metals, and the reuse of these metals to create new battery cells.
The recycling of lithium-ion batteries is a growing industry, as the number of lithium-ion batteries in the waste stream continues to increase. The recycling of these batteries can help to reduce the environmental impact of battery production, as well as provide a source of new battery cells for industry.
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Restraints & Challenges
One of the key challenges in recycling lithium-ion batteries is the fact that they contain a number of different metals, including cobalt, nickel, manganese and copper. Separating out these metals can be a difficult and time-consuming process.
Another challenge is the fact that lithium-ion batteries can be damaged during the recycling process, which can render them unusable.
Market Segments
By Battery Chemistry
- Lithium-Iron Phosphate
- Lithium-Manganese Oxide
- Lithium-Nickel-Cobalt-Aluminum Oxide
- Lithium-Nickel-Manganese Cobalt
- Lithium-Titanate Oxide
By Source
- Electric Vehicles
- Electronics
- Power Tools
- Others
By Recycling Process
- Hydrometallurgical Process
- Physical/Mechanical Process
- Pyrometallurgy Process
Key Players
- Umicore
- Glencore International AG
- Retriev Technologies Inc.
- Raw Materials Company Inc.
- American Zinc Recycling
- American Manganese Inc
- SITRASA
- Li-Cycle Corp
- Neometals Ltd
- Metal Conversion Technologies
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