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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":687,"relatedVideos":688},112471842773789,"0632f03d-7a74-425b-b69c-03a58c006325","What to expect for the battery recycling market in 2023?","what-to-expect-for-the-battery-recycling-market-in-2023","article/what-to-expect-for-the-battery-recycling-market-in-2023",{"_uid":547,"date":548,"tags":549,"editor":550,"content":560,"excerpt":663,"featured":50,"reporter":664,"_editable":668,"component":669,"seo_title":543,"categories":670,"visibility":680,"author_company":49,"featured_image":681,"seo_description":663,"author_full_name":49,"author_job_title":49,"formattedDate":685,"formattedArticleDate":686},"26432e12-4805-48f6-b202-2446beb3a463","2023-02-09 00:00",[],[551],{"slug":552,"name":553,"content":554},"didi-bostock","Didi Bostock",{"job_title":555,"image":556,"bio":558,"linkedin":559},"Editor - Energy Transition & Economics",{"filename":557},"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":561,"content":562},"doc",[563,580,585,590,595,600,605,610,619,626,631,636,641,653,658],{"type":564,"attrs":565,"content":566},"paragraph",{"textAlign":49},[567,570,578],{"text":568,"type":569},"Government regulations on both side of the Atlantic are likely to drive the ","text",{"text":571,"type":569,"marks":572},"battery recycling market",[573],{"type":574,"attrs":575},"link",{"href":576,"uuid":49,"anchor":49,"target":49,"linktype":577},"https://source.benchmarkminerals.com/video/watch/analyst-insights-battery-recycling-in-north-america","url",{"text":579,"type":569}," this year. ",{"type":564,"attrs":581,"content":582},{"textAlign":49},[583],{"text":584,"type":569},"The effects of the US Inflation Reduction Act, crucially the eligibility of materials recycled in North America, are beginning to be felt. ",{"type":564,"attrs":586,"content":587},{"textAlign":49},[588],{"text":589,"type":569},"The fourth quarter of 2022 saw significant investment –both private and public – into the North American battery recycling ecosystem.",{"type":564,"attrs":591,"content":592},{"textAlign":49},[593],{"text":594,"type":569},"Increased announcements of expanding recycling capabilities can be expected to continue into 2023 given the financial incentive for downstream players to source secondary battery materials from North American recyclers.",{"type":564,"attrs":596,"content":597},{"textAlign":49},[598],{"text":599,"type":569},"From a European standpoint, the end of 2022 saw the provisional agreement on the European Commission’s battery directive proposal from 2020. ",{"type":564,"attrs":601,"content":602},{"textAlign":49},[603],{"text":604,"type":569},"Critically, this will introduce mandatory levels of minimum recycled contents in batteries: these targets will initially sit at 6% for lithium, 6% for nickel and 16% for cobalt in 2031 (or 8 years after legislation comes into force), increasing to 12%, 15% and 26%, respectively in 2036 (or 13 years legislation comes into force).",{"type":564,"attrs":606,"content":607},{"textAlign":49},[608],{"text":609,"type":569},"Beyond these mandates, recovery rates are also covered in the regulation, introducing ambitious targets for lithium recovery starting at 50% in 2027, increasing to 80% in 2031. These upcoming targets put time pressure on the battery recycling ecosystem to have the infrastructure, capacity, and technological ability in place to achieving them.",{"type":564,"attrs":611,"content":612},{"textAlign":49},[613],{"type":614,"attrs":615},"image",{"id":49,"alt":616,"src":617,"title":49,"source":49,"copyright":49,"meta_data":618},"","https://a.storyblok.com/f/287943243085208/4083ee153a/bm-image-108-13440983c851.png",{},{"type":620,"attrs":621,"content":623},"heading",{"level":622,"textAlign":49},4,[624],{"text":625,"type":569},"From pryo to hydro",{"type":564,"attrs":627,"content":628},{"textAlign":49},[629],{"text":630,"type":569},"There has been a global shift towards adopting hydrometallurgy recycling processes that offer promising recovery rates for lithium, unlike pyrometallurgical processes, where lithium is lost to the waste slag. ",{"type":564,"attrs":632,"content":633},{"textAlign":49},[634],{"text":635,"type":569},"Considering the upcoming regulations in Europe and North America that will are looking to advance the recycling and recyclability of lithium-ion batteries, either through financial incentives or mandatory requirements, there will be a continuing move towards recyclers opting for hydrometallurgical processes.",{"type":620,"attrs":637,"content":638},{"level":622,"textAlign":49},[639],{"text":640,"type":569},"New entrants ",{"type":564,"attrs":642,"content":643},{"textAlign":49},[644,646,651],{"text":645,"type":569},"Given ",{"text":647,"type":569,"marks":648},"policy actions",[649],{"type":574,"attrs":650},{"href":576,"uuid":49,"anchor":49,"target":49,"linktype":577},{"text":652,"type":569}," pushing the buildout of global and regional battery recycling markets, it is to be expected that we will see more newcomers to the space developing recycling processes, as well as existing recyclers with established technologies expanding their capacities – and perhaps into new regions. ",{"type":564,"attrs":654,"content":655},{"textAlign":49},[656],{"text":657,"type":569},"Last year saw a flux of activity and announcements from incumbent Asian recyclers expanding capabilities to both Europe and North America – including SungEel Hi Tech, Botree Cycling and Korea Zinc. ",{"type":564,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":569},"With the North American and European recycling markets being relatively infant at present, there remain significant opportunities for established recyclers with proven processes to expand their footprint globally.","Government regulations on both side of the Atlantic are likely to drive the battery recycling market this year. The effects of the US Inflation Reduction Act, crucially the eligibility of materials recycled in North America, are beginning to be felt. The fourth quarter of 2022 saw significant investment –both private and public – into the […]",[665],{"slug":552,"name":553,"content":666},{"job_title":555,"image":667,"bio":558,"linkedin":559},{"filename":557},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"26432e12-4805-48f6-b202-2446beb3a463\", \"id\": \"\"}-->","article",[671,674,677],{"slug":672,"name":673},"batteries","Batteries",{"slug":675,"name":676},"critical-minerals","Critical Minerals",{"slug":678,"name":679},"recycling","Recycling","private",{"id":49,"alt":616,"name":616,"focus":616,"title":616,"source":616,"filename":682,"copyright":616,"fieldtype":683,"meta_data":684,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/bc6bfb8df0/bm-vw-battery-recycling.jpg","asset",{"alt":616,"title":616,"source":616,"copyright":616},"Feb 09, 2023","9th February 2023",[],[],1780932609661]