The recycling of lithium-ion batteries is critical in a growing electric vehicle (EV) battery market, although advancements are still necessary in the recycling arena, according to an industry expert.
The need "is only going to increase on this side of [the] primary material impact, particularly as it comes to nickel," Ajay Kochhar, president and chief executive officer of Li-Cycle Corp, told attendees at Metal Bulletin's Sixth International Nickel Conference on Friday June 1. Demand for nickel will only grow over the coming years as the EV revolution takes off, likely boosting prices and diminishing supply. The more nickel that is able to be obtained from used batteries, the better for consumers of nickel. The London Metal Exchange's three-month nickel contract closed at $15,200...