The thought article on Global Lithium-Ion (Li-Ion) Battery Recycling market has provided a panoptic view of the genesis of the environmental imperatives that resulted in the profusion of Li-ion batteries (LIBs), the potential economic benefits LIB recycling, and the resultant addressal of environmental protection as well as human rights exigencies.
Thus, commencing with challenges Viz. significant raw material price fluctuations lead to a certain amount of incertitude about the economics of recycling. For instance, according to USGS Mineral Commodity Summaries during the first 7 months of 2019 cobalt prices generally exhibited a downward trend, which was reportedly ascribed to oversupply and consumer destocking and deferral of purchases.
This is an example of economic factors not being conducive to the growth of the Lithium-Ion (Li-Ion) Battery Recycling Market.
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