UK-based company Altilium has made progress in the field of EV battery recycling, successfully recycling LFP batteries and achieving recovery rates of lithium and graphite exceeding 97% and 99%, respectively. With the rapid growth of the EV market, the demand for LFP batteries is also continuously increasing. It is estimated that by 2035, the share of LFP batteries in the UK EV market will rise from 18% in 2027 to 25%.