Recently, the Lv Tai New Materials Waste Lithium-ion Battery Cathode Powder Recycling Project announced the start of construction. It is reported that the project is located in the Tianjin Dagang Petrochemical Industrial Park. The project plans to recycle lithium, nickel, and cobalt from waste lithium-ion battery cathode powder to produce new materials such as battery-grade lithium hydroxide, battery-grade lithium carbonate, dust-free lithium hydroxide, anhydrous lithium hydroxide, battery-grade cobalt sulfate, nickel carbonate, and manganese sulfate.