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Yahoo
30-05-2025
- Business
- Yahoo
OEMs Forge Partnerships to Create Stable Battery Supply Chains
The battery recycling market is driven by sustainability efforts, mergers, and acquisitions to enhance technological capabilities. Key players like Umicore and Li-Cycle focus on securing raw materials and forming closed-loop systems with OEMs to meet rising EV demand. Challenges include high recycling costs and complex processes. APAC leads the market share, driven by strict regulations and incentives. Battery Recycling Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Battery Recycling Market - Global Outlook & Forecast 2025-2030" report has been added to Battery Recycling Market was valued at USD 22.75 Billion in 2024, and is projected to reach USD 41.66 Billion by 2030, rising at a CAGR of 10.61%. APAC dominated the global battery recycling market share, accounting for over 57% of global revenue in 2024. APAC, dominated by China, Japan, and South Korea, remains the largest battery production hub and is rapidly expanding its recycling capacity. China, in particular, enforces strict recycling mandates and supports industry growth through subsidies and technology incentives. Government policies, such as China's "New Energy Vehicle" (NEV) regulations, require battery manufacturers to be responsible for recycling, further supporting battery recycling market growth. Australia is emerging as a key player in Lithium-ion battery recycling due to its vast mineral resources and growing EV adoption, with a focus on refining recovered materials for battery-grade reuse. In India, the Battery Waste Management Rules 2022 require producers to ensure responsible recycling and reuse. Also, companies like POSCO, Hyundai, and Panasonic are integrating battery recycling into their supply chains to meet ESG North America, stringent environmental regulations, coupled with government incentives and corporate sustainability goals, are accelerating the growth of lithium-ion battery recycling, in the US and Canada. Companies are investing in advanced hydrometallurgical and direct recycling technologies to improve material recovery efficiency. Furthermore, Europe leads in policy-driven initiatives, with the EU Battery Regulation mandating higher recycling rates and the use of recycled materials in new batteries supporting the battery recycling market growth. Strong investments in gigafactories and a circular economy approach further enhance the region's competitive advantage. Meanwhile, Latin America, and the Middle East & Africa, though still in the early stages, hold potential due to their rich raw material reserves, and investment in local recycling infrastructure could enhance supply chain security for global battery markets. Mergers & Acquisitions in the Battery Recycling MarketThe global push for sustainability and the rapid electrification of transportation have driven a surge in the battery recycling market. As industries work toward a circular economy, companies in the sector are actively pursuing mergers and acquisitions (M&A) to strengthen their technological capabilities, expand market reach, and secure access to critical raw materials like lithium, cobalt, and nickel. In December 2024, Ace Green Recycling, one of the leaders in sustainable battery recycling technology, announced a merger with Athena Technology Acquisition Corp. II, a special-purpose acquisition company. This deal, valuing Ace at $250 million, is expected to close in the first half of 2025. The merger aims to accelerate Ace's expansion plans, including the development of a flagship battery recycling plant in of Stable Supply ChainsThe increasing demand for EVs has pushed Original Equipment Manufacturers (OEMs) to create their supply chain strategies, particularly regarding the sourcing of critical minerals used in EV batteries. To ensure long-term stability and reduce reliance on volatile global markets, automotive OEMs are now forging partnerships with local recyclers. These collaborations aim to establish closed-loop supply chains where end-of-life batteries are collected, processed, and reintegrated into the production cycle. By working directly with recyclers, OEMs can secure a steady stream of essential materials such as lithium, nickel, and cobalt, which are critical for battery production. This approach mitigates risks associated with geopolitical instability, fluctuating raw material prices, and supply shortages and further strengthens the battery recycling market growth. For instance, in February 2024, Volkswagen Group UK expanded its partnership with Ecobat to recycle EV batteries, supporting a circular energy economy. Ecobat, which has worked with VWG UK since 2014, will collect and process high-voltage batteries at its new UK lithium-ion recycling center, its third globally after Germany and Arizona. Volkswagen plans to invest €180 billion ($195.57 billion) in electrification by 2027, aiming for 50 fully electric models by 2030. High Costs of RecyclingBattery recycling is essential for reducing environmental pollution, conserving valuable materials, and ensuring a sustainable energy future. However, the process comes with significant financial challenges that make it less economically viable compared to producing new batteries, thereby hampering the battery recycling market growth. The costs associated with battery recycling stem from several factors, including complex collection systems, expensive processing methods, regulatory compliance, and the evolving nature of battery technology. These factors create barriers for companies and governments trying to establish large-scale recycling instance, the cost of setting up a lithium-ion battery recycling plant in India ranges from $90,000 to $370,000, depending on factors such as machine cost, plant area, raw materials, and other operational expenses. The price of a lithium-ion battery recycling machine varies based on its processing capacity and configuration, ranging from $70,000 to $350,000. The required plant area depends on machine size and storage needs, with a 500kg/h machine requiring approximately 15m 6.5m 6m, while costs fluctuate based on local rent. India has an abundant supply of waste lithium-ion batteries, which helps reduce raw material costs, though market fluctuations should be monitored. Additional expenses such as transportation, labor, and electricity also contribute to the overall investment needed for setting up the plant. BATTERY RECYCLING MARKET VENDOR INSIGHTSThe global battery recycling market is consolidated, and dominated by a few key players that control a significant share of the industry. Major companies such as Umicore, Li-Cycle, Glencore, Redwood Materials, Stena Metall AB, and LG Energy Solutions dominate the global battery recycling market, leveraging their advanced recycling technologies and global networks. These companies have established partnerships with EV manufacturers, consumer electronics firms, and industrial battery suppliers to secure a steady stream of used batteries. Their expertise in recovering valuable metals such as lithium, cobalt, and nickel enables them to maintain cost efficiency while meeting the growing demand for raw materials in battery production. Additionally, some companies vertically integrate their operations, covering everything from battery collection to material refining, giving them a competitive edge in pricing and supply Battery Recycling Market Latest News & Product Launches In February 2024, Dubatt inaugurated the UAE's first integrated battery recycling plant in Dubai Industrial City with an AED 216 million (USD 58.81 million) investment. The facility can recycle up to 75,000 metric tons of lead-acid batteries annually, supporting sustainability and local manufacturing. In March 2024, Regenerate Technology Global, one of the leaders in advanced battery recycling, acquired Infinion SARL, a Luxembourg-based company operating two Swedish battery service firms. Infinion operates a 204,000 sq. ft. facility in Kolback, Sweden, specializing in battery recycling, car dismantling, and waste management. In October 2024, Hydrovolt launched the world's most automated battery recycling line in Fredrikstad, enhancing efficiency and safety in EV and industrial battery recycling. The facility recovers 1 GWh of residual energy annually, supporting its operations and the power grid. Key Company Profiles Call2Recycle, Inc. Glencore LG Energy Solution Li-Cycle Corp Redwood Materials Inc Stena Metall AB Umicore Other Prominent Vendors ACCUREC ACCUREC-Recycling GmbH Ace Green Recycling, Inc. Altilium American Battery Technology Company Aqua Metals, Inc Ascend Elements, Inc. Attero BASF BatX Energies Bluewater Battery Logistics Collect and Recycle Contemporary Amperex Technology Co., Limited Dubatt Battery Recycling LLC East Penn Manufacturing Company ECOBAT Element Resources DE LLC EXIDE INDUSTRIES LTD FIRST BATTERY Fortum Ganfeng Lithium Group Co., Ltd GlobalTech Environmental Gopher Resource Hydrovolt Livium Neometals Ltd Nickelhutte Aue GmbH RecycLiCo Battery Materials Inc Regenerate Technology Global, Inc. SK tes SungEel Hitech Sunlight Recycling Veolia Key Attributes: Report Attribute Details No. of Pages 335 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $22.75 Billion Forecasted Market Value (USD) by 2030 $41.66 Billion Compound Annual Growth Rate 10.6% Regions Covered Global Key Topics Covered:Market Opportunities & Trends Mergers & Acquisitions in Battery Recycling Market Growing Role of AI in Recycling Rise of Second-Life Batteries Market Growth Enablers Increasing Adoption of Electric Vehicles Government Policies Promoting Circular Economy Creation of Stable Supply Chains Decarbonization and Lower Emission Targets Market Restraints High Costs of Recycling Lack of Infrastructure Market Landscape Market Overview Increasing Demand for Heavy Electric Vehicles Demand Insights Market Size & Forecast Market Segmentation by Source Automotive Consumer Electronic Industrial Market Segmentation by Process Hydrometallurgy Pyrometallurgical Mechanical Direct Recycling Market Segmentation by Geography Battery Recycling Market in APAC China South Korea Japan Australia India Singapore Battery Recycling Market in Europe Germany The U.K. France Spain Italy Belgium Finland Sweden Norway Battery Recycling Market in North America The U.S. Canada Battery Recycling Market in Latin America Colombia Costa Rica Battery Recycling Market in the Middle East & Africa UAE Saudi Arabia South Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Battery Recycling Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
14-05-2025
- Automotive
- Globe and Mail
Honda's EV delay shows how Canada's new Industry Minister has her work cut out for her
On the day that Mélanie Joly was sworn in as Canada's new Industry Minister, one of the world's largest automakers served warning that she has her work cut out for her, when it comes to maintaining any momentum for this country's nascent electric-vehicle sector. The announcement by Honda Canada that it is delaying its $15-billion plans to make EVs and EV batteries in Ontario, by at least two years, is on its face less damaging than some other recent setbacks for the industry. Nobody is being laid off, as when General Motors last month halted production of its BrightDrop electric delivery vans, because Honda is maintaining its existing (non-electric) vehicle assembly. Nor is Honda equivocating (for now, at least) about its commitment to Canadian EV-making in the long run, in contrast to the uncertain futures of everything from Umicore's plans to make battery materials in Ontario, to the Quebec battery plant that was under construction by troubled Northvolt AB. 'We have determined that the EV value chain initiative in Canada is essential to our electrified future,' Honda spokesperson Ken Chiu said on Tuesday. 'There are no plans to cancel or relocate the project at this time.' But in terms of what it says about how Canadian industry will weather the storm caused by U.S. President Donald Trump's trade war, and by the impact of his anti-EV policies on an already slow-growing North American EV market, Honda's decision to pump the brakes may be more unsettling than any of those other developments. That's because of both the nature of Honda's plans, and the nature of the company itself. Among the major government-backed EV-making investments announced in the past few years, Honda's stands to be both the biggest and the best value from a Canadian perspective. Whereas Stellantis NV and LG Energy Solution demanded up to $15-billion in cumulative production subsidies for a roughly $5-billion capital investment in a battery factory in Windsor, and Volkswagen Group similarly required up to $13-billion in production subsidies for a $7-billion battery plant, Honda settled for a comparatively modest $5-billion in subsidies for an investment that promises to be worth more than the other two combined. Equally important as the dollar figures are what they cover. Honda's plans are by far the broadest – encompassing not just battery-making but also vehicle assembly and a pair of partnerships, with Japan's Asahi Kasei Corp. and South Korea's POSCO Future M Co. Ltd, to produce battery materials. For a federal government – and an Ontario provincial government – whose stated intention is to capitalize on Canada's combination of natural resources and manufacturing expertise to build a start-to-finish EV supply chain, there could hardly be a better anchor investment. Nor is there one they could less afford to lose. As for why Honda was willing to commit to it in the first place, without demanding that Canada match subsidies that were then available in the U.S. as Stellantis and Volkswagen did, a common refrain within the industry is that its corporate culture is different. As with Toyota Motor Co., the other Japanese car-making giant with a long-time presence in Ontario, Honda has a reputation for being more patient and conservative in strategic decision-making than its North American or European competitors. It tends to stay and expand where it already has a footprint, and is less inclined to just follow whatever money governments are putting on the table. That's cause for some reassurance, about the postponement being just that, and not a sign that Mr. Trump's war on the Canadian auto sector will cause Honda to pull up stakes and head south. But when the least kneejerk of companies feels compelled to significantly adjust course, it's a sign of how strong the headwinds are. In the here and now, Honda is forecasting a 70-per-cent drop in its net profit globally in the 2025-26 fiscal year, which it attributes largely to Mr. Trump's tariffs. In plan-making for the rest of this decade, it's the uncertainty – about the ability to export into the U.S., about the extent to which North American EV demand will be throttled, about whether economic chaos affects purchases and investments of all sorts – that's the obvious cause for adopting a wait-and-see attitude. Honda alluded to as much on Tuesday, apropos the investment in Canadian EV-making, when it said it will 'continue to carefully monitor market conditions and reassess as needed.' For Prime Minister Mark Carney's new government, and to some extent Ontario Premier Doug Ford's provincial one, the challenge will be to somehow mitigate that risk as much as possible, even if there is no way to eliminate it as long as Mr. Trump holds office. There were a few hints of how they will attempt to do so during this spring's federal election campaign, including Mr. Carney's promise to explore purchase subsidies for EVs produced in Canada. But his government may have to move more decisively and expansively than those commitments suggested. At the same time, Ottawa and the provinces (not just Ontario) now have all the more reason to try to expedite the mining of raw battery materials that are supposed to be one of the biggest draws for automakers that have committed to Canadian battery plants. The more completely the supply chain is taking shape, the more that starting or expanding production here will make sense, and the more that Canada will benefit. That imperative is not a surprise, exactly. At the end of last year, shortly before ending his tenure as industry minister – during which he had led Canada's successful courtship of automakers' EV-making commitments – François-Philippe Champagne told The Globe and Mail that the next step would be consolidating those investments. It will now be up to Ms. Joly to make good on that, in a more urgent and fraught environment than Mr. Champagne or anyone else fully anticipated even a few months ago.
Yahoo
12-05-2025
- Automotive
- Yahoo
This Week In Electric Vehicles - EV Battery Recycling Market Poised for Explosive Growth
The global electric vehicle (EV) battery recycling market is anticipated to experience significant growth, projected to expand from USD 0.54 billion in 2024 to USD 23.72 billion by 2035, driven by a substantial compound annual growth rate of 40.9%. This growth trajectory is fueled by advanced recycling technologies such as hydrometallurgy and direct recycling, which are improving material recovery efficiency crucial for battery production. Strategic partnerships among automakers, battery producers, and recyclers, evidenced by collaborations between companies like Iveco and Mercedes-Benz, are enhancing market development. Additionally, Germany is emerging as a key player in Europe, supported by strong automotive alliances and eco-friendly policies. Key industry players include Contemporary Amperex Technology, GEM Co., and Umicore, among others, who are leading advancements in recycling processes for materials like nickel, cobalt, and copper. last closed at CN¥248.27 up 1.5%. last closed at €50.87 down 5.8%. In other market news, was a standout up 9.2% and ending trading at CN¥23.25. This week, Gotion hosted its 2024 earnings call, contributing to the 9.2% rise in its stock price. In the meantime, lagged, down 5.8% to end trading at €50.87. Mercedes-Benz's aggressive electric vehicle strategy could attract substantial investor interest by 2028, with potential market undervaluation now. Discover more on how this strategic pivot could shape future valuations. Be sure to revisit our Market Insights article, "Automakers Caught In The Tariff Crossfire," where we urgently unpack the transformative challenges and opportunities within the electric vehicle sector amidst tariff-induced volatility. ended the day at $284.82 up 3.1%. closed at HK$387.00 up 0.3%. finished flat at, $10.28. Click here to access our complete index of 51 EV Stocks, which features BorgWarner, Sumitomo Electric Industries and Suzhou Dongshan Precision Manufacturing. Ready To Venture Into Other Investment Styles? This technology could replace computers: discover the 22 stocks are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "EV Battery Recycling Industry Research 2024-2035: Market to Grow at a CAGR of 40.9% with Contemporary Amperex Technology, GEM, Umicore, Glencore, and Fortum Dominating" from Research and Markets on GlobeNewswire (published 07 May 2025) Companies discussed in this article include SZSE:002074 NasdaqGS:TSLA SZSE:300750 SEHK:1211 NYSE:F and XTRA:MBG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
TimesLIVE
29-04-2025
- Business
- TimesLIVE
Belgium open to bigger role in DRC minerals sector, says foreign minister
Belgium is open to deeper involvement in Democratic Republic of Congo's (DRC) minerals sector, its foreign minister said on a visit to the former Belgian colony, which is seeking to diversify its investment partners. The vast Central African nation is home to large reserves of copper, cobalt, lithium and uranium among other minerals, but chronic instability has long been an obstacle to the foreign investment needed to fully develop them. Kinshasa is currently on a push to attract new players to the sector and talks are already under way with Washington after a Congolese senator pitching a minerals-for-security deal contacted US officials. Asked by Reuters on Monday about possible interest in Congolese minerals, foreign affairs minister Maxime Prevot said Belgium had firms with the know-how to ramp up its role in the sector. "We have globally recognised expertise with players like Umicore and John Cockerill, who have the capacity to process all these rare critical materials," he said. "If one day the opportunity arises to also be an investment partner, we will not pull back."
Reuters
29-04-2025
- Business
- Reuters
Belgium open to bigger role in Congo minerals sector, foreign minister says
KINSHASA, April 29 (Reuters) - Belgium is open to deeper involvement in Democratic Republic of Congo's minerals sector, its foreign minister said on a visit to the former Belgian colony, which is seeking to diversify its investment partners. The vast Central African nation is home to large reserves of copper, cobalt, lithium and uranium among other minerals, but chronic instability has long been an obstacle to the foreign investment needed to fully develop them. Kinshasa is currently on a push to attract new players to the sector and talks are already under way with Washington after a Congolese senator pitching a minerals-for-security deal contacted U.S. officials. Asked by Reuters on Monday about possible interest in Congolese minerals, Foreign Affairs Minister Maxime Prevot said Belgium had firms with the know-how to ramp up its role in the sector. "We have globally recognised expertise with players like Umicore and John Cockerill, who have the capacity to process all these rare critical materials," he said. "If one day the opportunity arises to also be an investment partner, we will not pull back," he added. Despite China's dominance, Belgian firms have been involved in mining, processing and trading Congolese cobalt, copper and diamonds for decades. Belgium-based global materials technology group Umicore ( opens new tab signed a deal with state miner Gecamines last year to ship germanium concentrates to Europe. Prevot said Belgium's approach to working with Congo was good for both countries, contrasting it with how some other partners operated. "We observe the motivations of other international actors that can sometimes have a more transactional approach," he said. Prevot was due to visit the city of Beni on Tuesday as part of a trip intended to draw attention to serious human rights issues, particularly in Congo's eastern provinces where the army is facing an offensive by Rwandan-backed M23 rebels.
