[New Progress in Zhejiang Recycling Project] Recently, the Ecology and Environment Bureau of Quzhou City, Zhejiang Province, issued an announcement on the approval of the environmental impact report for the construction project of the physical recycling and reuse of 5,000 mt of scrap lithium batteries annually by Zhejiang Huayou Green Energy Technology Co., Ltd. It is understood that the project involves an investment of 36.89 million yuan, including 31.89 million yuan in fixed assets and 5 million yuan in working capital. The production site is a leased 3,000㎡ comprehensive battery utilisation workshop of Quzhou Huayou Cobalt New Materials Co., Ltd. The project will establish a battery disassembly line and a cathode material restoration line, forming a production scale capable of processing 5,000 mt of scrap lithium batteries annually to produce 97.5 mt of battery cells and 3,740 mt of LFP cathode materials.