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>> New plants are set up to recover lithium because the price of lithium has increased, but old plants don't. << The price of lithium has collapsed by as much
by tooltalk 2y ago
>> New plants are set up to recover lithium because the price of lithium has increased, but old plants don't. <<
The price of lithium has collapsed by as much as 85% since 2022 Nov peak and is expected to drop further all the way through 2030. Other valuable raw materials in the cathodes have declined quite a bit past year.
I wonder how that's going to affect the future of battery recycling.
- bryanlarsen 2y agoLead acid batteries don't have expensive materials in them either. It's cheaper to pull Lithium from an old battery than it is to refine it from raw.