Lithium cobaltate prices are rising every day, lithium battery recycling opens a

Release Time：2022-11-22 Source：Lithium battery recycling equipment Share：

       The new energy vehicle market experienced a firestorm in 2020-2021. Entering 2022, as the subsidies for new energy vehicles slope down and the price of battery-grade lithium cobaltate soars all the way up, car companies face considerable cost pressure, and many car companies embark on the road of price increase. Pulled by the huge market demand, lithium cobaltate will rise further, and lithium battery recycling opens an upward channel.


        From 53,000 yuan / ton at the beginning of last year, to February 22 this year rose to a high of 454,000 yuan / ton, just a year's time, lithium cobaltate prices rose nearly 9 times. According to the relevant data, the new lithium price was updated recently and rose by 9,000 yuan/ton compared with the previous day.

        What are the reasons behind the continuous surge of lithium cobaltate price? Geng Yitao, a researcher of Suning Financial Research Institute, said in an interview with an international business newspaper reporter that, in fact, the price increase effect of lithium carbonate began to appear from the source, and the price of lithium concentrate has risen from about $350/ton at the beginning of last year to $2,650/ton today, which is similar to the price increase of lithium carbonate. In addition, the recent trend of nationalization of lithium resources in large overseas lithium resource countries, which will further affect the global supply of lithium resources.


        On the demand side, with the rapid expansion of the global new energy vehicle industry, China's new energy vehicle market exploded in 2021, the annual production and sales of new energy vehicles were completed 3.545 million and 3.521 million units, an increase of 159.5% and 157.5%, respectively, and the market share increased to 13.4%. As an important component of new energy vehicles, the main raw material for power batteries, lithium carbonate demand has increased significantly, also led to rapid price increases. The industry is generally expected to enter 2022, in the electrification of cars and "double carbon" strategy, the market demand for power and energy storage batteries will continue to be strong, is bound to stimulate the upstream power battery materials to maintain a high boom momentum.

        In summary, the recycling of lithium on the previously eliminated lithium batteries for new energy vehicles is not a good development? The answer is yes. At this stage, the lithium battery recycling industry is relatively mature, the recovery of used batteries on the resource value of materials, there are fire extraction, wet method, physical disassembly method and other methods. The current stage of the more environmentally friendly lithium battery processing method, is still the use of physical disassembly, crushing, air separation, screening, airflow sorting and other combinations of processes to achieve the recovery of resources on used lithium batteries, the whole set of equipment is also equipped with a supporting pulse dust collector for dust removal, the entire process of environmental protection and pollution-free, green and sustainable development, is the current recycling of used lithium batteries commonly used equipment, to environmentally friendly recycling of used lithium batteries Resources to obtain good returns, the use of lithium battery recycling processing equipment to deal with waste lithium batteries is the current choice.