Photo: Waldemar | Unsplash
There is a growing number of recycling companies working to provide an alternative to the landfill for lithium-iron batteries used in electronics and electric vehicles (EV's). While these recycling ventures are better for the environment than burying metals in landfills, they're also spurred by a booming market for electric vehicles. EV adoption is exploding in the US and around the world, bringing new demand for the metals that go into their batteries, especially lithium, nickel, and cobalt. Supplying all of those cars with batteries will require far more metals than are currently available. New advances in the recycling process for lithium-iron batteries are transforming the industry, allowing recyclers to separate and recover enough of these valuable metals to make the process economical. Thanks to these advances, recycling could account for a significant fraction of the metal supply in the coming decades.
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