Mining , Staff Writer | March 6, 2022 | 10:24 am
A recent report by IDTechEx estimates that <8% of the global cobalt demand and <6% of the lithium demand, will be supplied by recycled Li-ion batteries by 2030.
- A combined total of over 180,000 tonnes of lithium, cobalt, nickel, and manganese could be recovered by 2030 through Li-ion recycling, a value which is forecast to grow by approximately 10x by 2042.
- “In theory, approximately 15% of cobalt demand could be met from recycled material by 2030,” the report reads.
- “cobalt shortages could arise from the mid-late 2020s, with bottlenecks also expected to arise for lithium, and possibly other materials as well.”
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