Lithium Battery Recycling Becomes a Global Strategic Resource!

Retired lithium batteries, especially retired power lithium batteries and energy storage lithium batteries, are rapidly transforming from potential environmental burdens into strategic "urban gold mines", sparking fierce competition around the world. Compliant recycling companies, such as those that handle power lithium batteries, have difficulty making profits due to high costs (including plant safety investment and technology research and development), while illegal small workshops dismantle lithium batteries at low cost, causing pollution problems, resulting in China's standardized recycling rate of less than 25%. Against this background, industry chain giants such as Yiwei Lithium Energy (planning to reach an annual production capacity of 120,000 tons of lithium batteries by 2028) and Brunp Recycling (establishing a new company to strengthen the closed loop of lithium battery recycling) are accelerating the layout of global networks, recycling packages, and recycling companies are also accelerating the layout of global networks. Including power lithium batteries, energy storage lithium batteries and lithium iron phosphate batteries and other types. At the same time, overseas companies such as LG Energy Solution and Toyota Tsusho have cooperated to build lithium battery recycling plants in the United States, but the North American lithium battery recycling company Li-Cycle has filed for bankruptcy; on the policy side, China has implemented the "one pool, one code" coding standard for lithium batteries to trace the entire life cycle of lithium batteries. Sichuan has launched a recycling plan to regulate the flow of retired power lithium batteries and lithium iron phosphate batteries, and promote the recycling market from "small and scattered" to green and efficient. Looking to the future, power lithium battery recycling networks and reuse technologies will become the key to global new energy competition, especially the demand for recycled materials for power lithium batteries has surged in the European and American markets.