Fastmarkets NewGen 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 NewGen Battery Recycling Outlook.

The Fastmarkets NewGen 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
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

Black mass payables dropped during the week to Wednesday November 29 with insufficient demand for the shredded, sorted lithium-ion battery packs in key buying markets restricting trade.

Eight key takeaways from our global battery raw material outlook that you should know for 2024 and beyond

Black mass payables have weakened in the key South Korean import market over the past week, with battery recyclers in the country cutting back on production amid a continued downtrend in metal prices, sources told Fastmarkets on Friday November 24

More Fastmarkets NewGen products to help you

Keep on top of volatility with battery materials news and intel

Trade on market-reflective prices

Access critical short- and long-term forecasts in a new generation of energy markets

Providing greater transparency into the cost of key Li-ion cell components

Enable risk management using futures contracts

Fastmarkets’ energy events give you a front-row seat to one of the most dynamic and critical markets in today’s economy as we make the strategic transition to a low-carbon economy.

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

Get in touch

Whether you would like to speak to one of our experts or request a demo of our products, we’re here for you.

Talk to us today

Why use a price reporting agency?

Navigate uncertainty and make business decisions with confidence using our price data, forecasts and critical intelligence.

Learn more