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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":752,"relatedVideos":753},112468611699405,"93b5886f-45f0-49c6-9ef2-520b5a61c484","New state-owned enterprise strengthens China’s recycling position","new-state-owned-enterprise-strengthens-chinas-recycling-position","article/new-state-owned-enterprise-strengthens-chinas-recycling-position",{"_uid":547,"date":548,"tags":549,"editor":553,"content":563,"excerpt":731,"featured":51,"reporter":732,"_editable":736,"component":737,"seo_title":543,"categories":738,"visibility":745,"author_company":49,"featured_image":746,"seo_description":731,"author_full_name":49,"author_job_title":49,"formattedDate":750,"formattedArticleDate":751},"2e56c198-d31d-43e4-84c3-aa3220d74058","2024-11-01 00:00",[550],{"slug":551,"name":552},"china","China",[554],{"slug":555,"name":556,"content":557},"didi-bostock","Didi Bostock",{"job_title":558,"image":559,"bio":561,"linkedin":562},"Editor - Energy Transition & Economics",{"filename":560},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":564,"content":565},"doc",[566,573,578,601,622,631,638,643,648,653,658,663,675,680,692,697,702,707,712,724],{"type":567,"attrs":568,"content":569},"paragraph",{"textAlign":49},[570],{"text":571,"type":572},"China has announced the formation of a state-owned recycling enterprise which will have an initial capital of 10 billion RMB ($1.4 billion).","text",{"type":567,"attrs":574,"content":575},{"textAlign":49},[576],{"text":577,"type":572},"The enterprise, to be known as the China Resources Recycling Group, will incorporate multiple subsidiaries including one focused on recycling scrap batteries.",{"type":567,"attrs":579,"content":580},{"textAlign":49},[581,583,591,593,599],{"text":582,"type":572},"China is forecast to account for 80% of the ",{"text":584,"type":572,"marks":585},"available battery scrap globally",[586],{"type":587,"attrs":588},"link",{"href":589,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://source.benchmarkminerals.com/article/western-battery-scrap-to-account-for-over-third-of-global-pool-by-2035?_branch_match_id=1544395441862432359&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWTywuSTT3CPfL9E%2ByrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAW2binkgAAAA%3D","url",{"text":592,"type":572}," in 2024 with most of this being scrap from its gigafactories, according to ",{"text":594,"type":572,"marks":595},"Benchmark’s Recycling Forecast",[596],{"type":587,"attrs":597},{"href":598,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://www.benchmarkminerals.com/recycling/data-reports/forecast",{"text":600,"type":572},".",{"type":567,"attrs":602,"content":603},{"textAlign":49},[604,606,612,614,620],{"text":605,"type":572},"“This will not only enhance the Chinese ",{"text":607,"type":572,"marks":608},"circular economy",[609],{"type":587,"attrs":610},{"href":611,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://www.benchmarkminerals.com/",{"text":613,"type":572}," across the relevant markets but will also facilitate recycling of consumer and household goods which are often not routinely collected as extensively due to lack of consumer incentive,” said ",{"text":615,"type":572,"marks":616},"Beatrice Browning",[617],{"type":587,"attrs":618},{"href":619,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://source.benchmarkminerals.com/video/watch/analyst-insights-black-mass-101",{"text":621,"type":572},", a recycling analyst at Benchmark.",{"type":567,"attrs":623,"content":624},{"textAlign":49},[625],{"type":626,"attrs":627},"image",{"id":49,"alt":628,"src":629,"title":49,"source":49,"copyright":49,"meta_data":630},"","https://a.storyblok.com/f/287943243085208/dc19e4d905/bm-image-102-1344078e1122.png",{},{"type":632,"attrs":633,"content":635},"heading",{"level":634,"textAlign":49},4,[636],{"text":637,"type":572},"What is the role of the State in China’s recycling industry?",{"type":567,"attrs":639,"content":640},{"textAlign":49},[641],{"text":642,"type":572},"In China, the State plays a key role in the development of the recycling industry. In 2018, the Ministry of Industry and Information Technology (MIIT) in China published the “’Interim Measures for the Management of Recycling and Utilisation of Power Batteries and New Energy Vehicles”.",{"type":567,"attrs":644,"content":645},{"textAlign":49},[646],{"text":647,"type":572},"Within this, a so-called whitelist was established to highlight companies that met responsible recycling practices and hit certain requirements.",{"type":567,"attrs":649,"content":650},{"textAlign":49},[651],{"text":652,"type":572},"China made these requirements more stringent in August 2024. Any existing whitelisted company that doesn’t meet these requirements has one year to meet them lest they be removed from the list.",{"type":567,"attrs":654,"content":655},{"textAlign":49},[656],{"text":657,"type":572},"Some of these requirements are:",{"type":567,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":572},"“Within this legislation, recyclers are expected to continually develop their recycling technologies and equipment for all parts of the battery and enhance their recycling efficiency,” Browning said.",{"type":567,"attrs":664,"content":665},{"textAlign":49},[666,668,673],{"text":667,"type":572},"Globally, there is overcapacity in the recycling ecosystem, as regions build out their capacity in anticipation of more battery scrap in the coming years. Much of the overcapacity for ",{"text":669,"type":572,"marks":670},"processing black mass",[671],{"type":587,"attrs":672},{"href":611,"uuid":49,"anchor":49,"target":49,"linktype":590},{"text":674,"type":572}," is located in China.",{"type":567,"attrs":676,"content":677},{"textAlign":49},[678],{"text":679,"type":572},"“This state-owned enterprise is likely to contribute to that overcapacity initially with such a saturated environment,” Browning said. “But with a forecasted combined scrap pool exceeding 1,500 GWh in 2040 within China, this capacity will be extremely valuable to tackle this inevitable waste feedstock.”",{"type":567,"attrs":681,"content":682},{"textAlign":49},[683,685,690],{"text":684,"type":572},"Until recently, Chinese recyclers were unable to access ",{"text":686,"type":572,"marks":687},"black mass from outside of the country",[688],{"type":587,"attrs":689},{"href":611,"uuid":49,"anchor":49,"target":49,"linktype":590},{"text":691,"type":572}," due to the government banning its import.",{"type":567,"attrs":693,"content":694},{"textAlign":49},[695],{"text":696,"type":572},"“Therefore when black mass is ready for processing, it is often fed into surrounding Asian regions for intermediate processing to then be transported into China as a mixed hydroxide precipitate (MHP) intermediate,” Browning said.",{"type":632,"attrs":698,"content":699},{"level":634,"textAlign":49},[700],{"text":701,"type":572},"What is China’s position in the global recycling ecosystem?",{"type":567,"attrs":703,"content":704},{"textAlign":49},[705],{"text":706,"type":572},"Given China’s dominance in the production of batteries and in the deployment of electric vehicles, the country has had a head start in the build out of a recycling ecosystem.",{"type":567,"attrs":708,"content":709},{"textAlign":49},[710],{"text":711,"type":572},"“In China, the whitelist has been around since 2018 whereas legislation in other regions is still being determined reflecting China’s strong position,” Browning said.",{"type":567,"attrs":713,"content":714},{"textAlign":49},[715,717,722],{"text":716,"type":572},"In Europe and ",{"text":718,"type":572,"marks":719},"North America",[720],{"type":587,"attrs":721},{"href":611,"uuid":49,"anchor":49,"target":49,"linktype":590},{"text":723,"type":572},", over 80% recycling facilities only carry out pretreatment–that is the shredding of batteries to produce black mass. By contrast, 62% of China’s recyclers in 2024 are integrated, meaning they produce black mass and then process it into battery chemicals.",{"type":567,"attrs":725,"content":726},{"textAlign":49},[727],{"type":626,"attrs":728},{"id":49,"alt":628,"src":729,"title":49,"source":49,"copyright":49,"meta_data":730},"https://a.storyblok.com/f/287943243085208/74553fa5a3/bm-total-battery-scrap-pool-proportion-1.png",{},"China has announced the formation of a state-owned recycling enterprise which will have an initial capital of 10 billion RMB ($1.4 billion). The enterprise, to be known as the China Resources Recycling Group, will incorporate multiple subsidiaries including one focused on recycling scrap batteries. China is forecast to account for 80% of the available battery […]",[733],{"slug":555,"name":556,"content":734},{"job_title":558,"image":735,"bio":561,"linkedin":562},{"filename":560},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"2e56c198-d31d-43e4-84c3-aa3220d74058\", \"id\": \"\"}-->","article",[739,742],{"slug":740,"name":741},"recycling","Recycling",{"slug":743,"name":744},"sustainability","Sustainability","private",{"id":49,"alt":628,"name":628,"focus":628,"title":628,"source":628,"filename":747,"copyright":628,"fieldtype":748,"meta_data":749,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/22ed4c5523/bm-adobestock-110768217.jpeg","asset",{"alt":628,"title":628,"source":628,"copyright":628},"Nov 01, 2024","1st November 2024",[],[],1781023401906]