Battery Recycling Industry to Boom on Surging Battery Scrap Volume

SHANGHAI, Feb 23 (SMM) - Recently, a number of listed companies have disclosed the layout of lithium battery recycling business, which has attracted market attention. Most of the power batteries are lithium batteries, and their service life is generally five to eight years. Therefore, the industry predicts that volume of power battery scrap will boom in the following two years. In this regard, many professionals said that the development of lithium battery recycling industry is accelerating. 80% of lithium battery materials can be recycled. With the arrival of the peak period of lithium battery scrap, the recycling industry will see a great potential for development.