Lithium-ion battery reuse and recycle revenue 2030, by country
In 2030, the revenue opportunity in reusing and recycling lithium-ion batteries is expected to stand at around 13 billion U.S. dollars worldwide. China alone will account for roughly half of this value. The market for recycled batteries is gradually growing as demand for electrical vehicles grows around the world. As the world demand for lithium-ion batteries continues to soar, the mining industry will need to ramp up production of lithium. Recycling capacities of lithium-ion batteries will also need to significantly increase in order to fill out supply in the next decade.