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Recent geopolitical developments, such as Russia’s conflict in Ukraine and the domestic infrastructure bill, are having an effect on the availability of essential minerals required in the production of lithium-ion batteries and driving up commodity costs.
Lithium-ion battery-dependent companies are looking at improvements and investments in battery recycling as a solution to address these metal supply-chain constraints.
Because the commercial EV sector is still in its infancy, the majority of the present attention on lithium-ion battery recycling focuses on recovering passenger car batteries.
Recycling batteries allow for the recovery of vital materials that may be used to make new, home batteries. Despite being relatively new, the need for Li-ion battery recycling is growing significantly, which will increase the supply.
The Russia EV Battery Recycling Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
At its facility in Europe, Hydrovolt, a joint venture between Northvolt and Hydro for battery recycling, has begun conducting commercial recycling operations. The biggest electric car battery recycling facility in Europe is Hydrovolt.
Up to ninety-five per cent of the battery metals may be recovered from batteries using Hydrovolt’s completely automated recycling process. This includes plastics, copper, aluminium, and black mass, a powder made of nickel, manganese, cobalt, and lithium that will be given to Northvolt for additional recycling.
Aluminium that has been collected by Hydrovolt will be sent to Hydro and recycled into items made of commercial-grade aluminium.
The factory has a number of unique ideas intended to maximize material recovery, such as a dust collecting device that guarantees valuable material that is often lost during mechanical recycling processes is recovered.
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