Nickel, Cobalt and Lithium prices soar to welcome the "highlight moment" of Power Battery Recycling

According to national regulations, if the capacity of the power battery decays to less than 80% of the rated capacity, it will face decommissioning and forced recycling. Recently, due to the sharp rise in the price of raw materials such as nickel, cobalt and lithium, the recycling price of power batteries has also soared. At a waste battery recycling factory in Longnan, Ganzhou, Jiangxi province, the person in charge said that at the lowest point last year, the price of recycling was only 60% compared with new goods, and now the discount coefficient has basically doubled, and 120% have dared to shout.

According to the China Automotive Technology Research Center, the number of new energy vehicles in China reached 4.92 million in 2020, with a total of 200000 tons of power batteries decommissioned (about 25GWh). The capacity of waste power batteries to be recycled in China is expected to reach 137.4GWhin 2025, more than five times that in 2020.

According to the theme database of the Financial Associated Press, among the relevant listed companies:

Dishengli holding subsidiary Guangdong Weima new energy lithium battery recycling and utilization of the first phase of the production line has entered the normal production operation.

Tianqi Jintai Pavilion, a wholly-owned subsidiary of Tianqi Co., Ltd., has carried out the recycling business of waste batteries for many years, and has realized the technology of extracting all metals from lithium-ion batteries, and the recovery level is higher than the average level of the industry.