Lithium battery recycling analysis
Driven by the rapid growth of the new energy vehicle and energy storage market, the shipment volume of lithium batteries in China is continuously increasing. According to data, the shipment volume of lithium batteries in China in 2022 was 658GWh, a year-on-year increase of more than double. Driven by the significant increase in the scale of lithium battery shipments, the number of retired lithium batteries and the amount of battery scraps processed have also continued to grow.
In 2022, the recycling and disposal of waste lithium batteries in the Chinese lithium battery recycling market reached 410000 tons, a year-on-year increase of 37%. Among them, the retired lithium batteries used for dismantling and regeneration reached 370000 tons, a year-on-year increase of 44%; The battery capacity for cascade utilization is 40000 tons, and the overall market is stable.
The lithium battery recycling market has a high prosperity in 2022, and the main reason for the rapid growth of the market is due to the impact of the rise in lithium battery prices. The economic benefits of lithium battery recycling and utilization are prominent, and lithium battery enterprises have a high enthusiasm for recycling and processing. Some historical accumulated waste lithium batteries will also be centrally treated in 2022, driving a significant increase in the amount of waste lithium battery treatment.
Affected by the increase in the amount of waste lithium batteries treated and the significant increase in battery production, the amount of scrap materials (including waste battery electrodes, waste coil cores, waste slurry, waste positive electrode powder, etc.) has also significantly increased in China's black powder treatment in 2022. According to GGII data, in 2022, China's black powder processing capacity reached 325000 tons, a year-on-year increase of 62.5%. Among them, the processing capacity of ternary black powder is 215000 tons, and the processing capacity of iron lithium black powder is 110000 tons.
From the perspective of black powder processing enterprises, the top five domestic ternary black powder processing companies are Bangpu Cycle, Jinsheng Xinneng, Shidai Zhongneng, Tianqi Jintaige, and Huayou Cycle. The top five in terms of iron lithium black powder processing capacity are Ganzhou Longkai, Ganzhou Jirui, Jiangxi Huanli, Ganfeng Cycle, and Huaplatinum New Materials.
