Revitalising the battery recycling industry
Cirba Solutions considers the growth of the battery recycling industry, emphasising the importance of collaboration and strategic investment in establishing a stable and competitive supply of critical materials. As the battery industry continues to grow, the importance of developing a closed-loop raw material supply chain has never been more critical. The critical material processing industry that manufactures battery-grade metals for new batteries is critical to securing our supply chains, enhancing global competitiveness, and deploying advanced energy technologies. A key growth sector around the world is battery recycling. Developing the global battery recycling industry The transition from historically known battery recycling is moving into sophisticated chemical manufacturing, and that is getting less noticed in the market because capacity in the sector is still small in comparison to virgin material. However, without new avenues of critical materials, we cannot meet future demands, and that transition requires investment. The recycling industry will not prosper without an acceptable return on investment. However, global powers that control the market today are using influence to ensure that control stays strong in …