Last week, the European Commission announced it plans to implement sustainability standards for Europe’s growing battery industry. Consultant Circular Energy Storage published a report on lithium-ion battery life cycle and recycling economics this month and its findings ask tough questions of the commission’s proposals.
Amid an uptake in EV sales, researchers are examining battery material supply chains. A report has indicated policy-driven circular economy strategies must be introduced in Europe if the bloc is to strengthen its resilience to volatility in the cobalt market.
The recycling market will experience a tenfold expansion between last year and 2030, driven by EV battery usage and portable electronics. Retrieving valuable metals and minerals is becoming a high priority and several dozen companies are already in position for the first big wave of end-of-life batteries.
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