Market evaluation of waste lithium batteries recycling

　　What are the market opportunities for power battery recycling. The industry has stated that the trend in the price of cobalt metal, one of the positive electrode materials for power batteries, shows the returns brought by the recycling of power batteries. According to reports, the average price of cobalt in the domestic market has recently been around 650000 yuan/ton, an increase of 20% compared to around 540000 yuan/ton in early 2018, and more than double the price of 290000 yuan/ton in early February 2017. Except for cobalt metal, ternary batteries contain high amounts of metals such as nickel and lithium, which have high recycling and reuse value. Although lithium iron phosphate batteries do not contain rare metals such as cobalt and nickel, their lithium content reaches 1.1%.

　　The price of battery grade lithium carbonate has also significantly increased in recent years, with manufacturers in the eastern region of China having a factory price of 165000 yuan/ton, while the price of cobalt tetroxide has increased from less than 150 yuan/kg in 2016 to nearly 400 yuan/kg. According to the industry, according to the national development plan for new energy vehicles, by 2020, the cumulative production and sales of pure electric vehicles and plug-in hybrid vehicles in China will exceed 5 million, and by that time, the scrapped power batteries will reach a scale of 120000-170000 tons.

　　The huge cascade utilization technology in the power battery recycling market is still in the reserve stage

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