Recycling of Lithium ion Battery
It is time to go for recycling of lithium ion batteries. Li-ion batteries are used in electronics goods, the industries is caring up for large scale utilisation of Li-ion batteries in electrical vehicles. As per the current trend only 2 to 3 % of Li-ion Batteries are collected and recycled. However there is a very good supply chain of lead acid batteries and close to 100 % of lead acid batteries are recycled in India. It’s time to develop our supply chain based for collecting the used Li-ion Batteries either refurbish or reuse. Li ion batteries from computers, Laptops and other electrical goods can be refurbished and provided a second life for stationary energy storage application which will lead to low cost batteries for less critical energy storage applications.
It is possible to recover the precious metals such as Lithium(Li), Cobalt(Co), Nickel(Ni) from recycling of these batteries, which can be use again for manufacturing as raw material for new cars. The current market price for Co is $ 27500 / metric tonne and Ni $ 12600/ metric tonne respectively. Li batteries recycling keys the new role which should not miss the opportunity of recovering these precious materials by throwing the Li batteries as part of our e-waste in dump yards.