Battery Recycling Outlook

Gain a competitive edge in the emerging battery recycling market

The global battery recycling market is booming, driven by high demand for key battery materials. Recycling ensures security of supply, particularly for countries that don’t have domestic production and has better ESG credentials than primary supply from mined metals. There has also been a rise in global recycling regulations which are mandating the level of recycled metal in new batteries and recycling recovery rates.

Challenges for recyclers include tight supply of used batteries, causing them to run at lower capacity, as well as falling battery metal prices, which both affect profit margins. Gain your competitive edge in this ever-changing market with the Fastmarkets Battery Recycling Outlook.

The Fastmarkets Battery Recycling Outlook includes 10-year battery supply and black mass price forecasts to give material manufacturers, battery makers, automakers and battery recyclers the insights and forecasts to understand and leverage the increasing recycled supply.

Our key findings:

  • We expect total lithium battery demand to increase six-fold over the next ten years
  • Transport is the main driver of growth, representing more than 80% of the market
  • We expect the lithium, nickel and cobalt markets to be in deficit in 2033, driving demand for recycled materials
  • End-of-life supply won’t become the main source of battery scrap until 2033
  • The black mass market is nascent and opaque, presenting an opportunity to develop a black mass price based on actual trades

     

Why choose Fastmarkets?

  • Fastmarkets has launched the first seaborne black mass price and the first price in Asia outside of China
  • We are uniquely positioned in the battery recycling and black mass market due to our trusted position as a battery metal pricing agency
  • We offer benchmark cobalt and lithium prices in both the physical and financial markets
  • Our team of 35 battery analysts and price reporters provide short- and long-term forecasts and prices for lithium, nickel, cobalt, manganese, graphite and copper

What’s inside this 100-page report?

  • Forecasts and outlooks for black mass and battery raw materials  
  • Assessment of technology and the major recyclers 
  • Intelligence on battery recycling capacity build-outs 
  • Predicted scrap vs manufactured volumes 
  • Insights on the usability of expected volumes 
  • Key ESG and supply chain qualification criteria
  • Economics of battery chemistries and technologies
  • Access to expert analysts

Get in touch

Having dedicated reports, like the Battery Recycling Outlook, ensures we are providing the latest updates when it comes to Nth Cycle’s recycling technology and modernizing the supply chain. We recommend anyone looking for deeper intelligence and insights into battery materials subscribe to Fastmarkets.
Guillermo Espiga – VP, Head of Business Development at Nth Cycle

10-year battery raw materials price, supply and demand forecasts to help manufacturers, battery makers, automakers and battery recyclers understand and leverage the increasing supply of recycled materials

Black mass price launch

As of May 17, 2023, Fastmarkets now offers weekly payable indicators for black mass in South Korea, the first seaborne black mass prices globally

Find out more

Black mass webinar

Get expert insights into the exciting and rapidly-growing battery recycling sector in Asia. Access the recording of this webinar, which took place on May 30, 2023 at 08:00 BST/15:00 SGT

Watch now

Read the latest battery recycling insights

Actionable insights and market intel on the emerging battery recycling outlook

Payables for nickel cobalt manganese (NCM) black mass in the CIF South Korea market picked up in March amid stronger demand and improving battery raw materials prices

Recycling end-of-life rare earth magnets is an early-stage industry with a range of methods globally and low recycling rates – but there is appetite for change, Fastmarkets learned after talking to several industry participants

Aluminium scrap dealers selling to large recycling companies in Brazil are facing cash flow difficulties because they have been forced to receive delayed payments, which may lead to more severe outcomes, like company closures, sources told Fastmarkets

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We recognize the importance of being clear about our price assessment and index process. Our independently audited pricing process aligns with core IOSCO principles. Find out how our price reporters and analysts assess and forecast prices in agriculture, forest products and metals

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