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US battery recyclers remain under pressure; refiners, producers squeezed under current market drivers
Battery recyclers remain under pressure, with tight margins among black mass producers and refiners amid a host of challenges for the industry, according to delegates at Fastmarkets Lithium Supply and Battery Raw Materials Conference 2025, which took place in Last Vegas, Nevada, from June 23-26
July 3, 2025
·
By Kirstyn Petras
Insights
India’s first battery-grade lithium refinery can take both black mass, spodumene inputs
Indian critical minerals producer Lohum launched the country’s first battery-grade lithium refinery earlier this month, designed to be able to consume both primary and secondary feedstocks, Fastmarkets heard this week.
March 24, 2025
·
By Lee Allen
Insights
Caremag raises €216 million to build rare earths plant in France
Caremag's €216M investment in a French rare earth recycling plant marks a major step toward sustainable resource independence for Europe's electric vehicle sector.
March 21, 2025
·
By Sahil Shaw
Insights
Bets are on ‘rising star’ LFP in recycling market, ACE Green CEO says
ACE Green is revolutionizing the battery recycling industry by focusing on LFP recycling through innovative, modular, and low-capex technology.
February 28, 2025
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By Lee Allen
Insights
Auto sector to keep fuelling India’s aluminium demand jump: MRAI Jaipur
Aluminium demand in India is set to continue its sharp growth over the next three years, fueled by an expanding automotive sector in the South Asian country, Fastmarkets heard at the Material Recycling Association of India (MRAI) international conference held in Jaipur on January 28-30.
January 31, 2025
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By Lee Allen, Aameer Sayed, the Fastmarkets team
Insights
European metal scrap industry urges against EU action on exports
The European steel and aluminium scrap industries urged the European Commission on Wednesday January 15 against taking action to curb scrap exports after domestic industry metals producers backed measures to do just that.
January 16, 2025
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By Declan Conway
Insights
Lithium battery recyclers plan new Europe expansions despite tough market conditions
Battery recyclers Ecobat, Huayou Cobalt and SungEel HiTech are planning large capacity additions in Europe despite continued industry headwinds, Fastmarkets heard at the GDMMC conference in The Hague on November 25-26.
November 27, 2024
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By Lee Allen
Insights
Li-Cycle closes on $475 million DOE loan and reports stronger revenue growth
Li-Cycle has successfully closed on an upsized loan from the US Department of Energy (DOE) to support the development of the its Rochester Hub Project, the company announced alongside its third-quarter earnings report on Thursday November 7.
November 12, 2024
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By Kirstyn Petras
Insights
DOE announces $44.8 million in funds for battery recycling; sources believe efforts to continue regardless of election results
The United States Department of Energy (DOE) announced on Thursday October 31 a further $44.8 million in funding from the Bipartisan Infrastructure Law (BIL) for eight projects to lower the costs of recycling electric vehicle (EV) batteries and EV battery components to ultimately decrease overall EV costs.
November 6, 2024
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By Kirstyn Petras
Insights
Concerns loom over weak market fundamentals amid launch of new Chinese state-owned recycling company
A new Chinese state-owned enterprise (SOE) called China Resources Recycling Group (CRRG) has been established to build a national platform for recycling and reusing resources, according to an announcement from Chinese officials on October 18. While details of the company's specific plans remain scarce, market participants remain concerned about weak market fundamentals, sources told Fastmarkets..
October 31, 2024
·
By Carman Chew
Insights
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