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Britain’s black-mass problem
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- ESG Insights
Revolutionizing #EVbattery #Recycling in #Britain Key Takeaways:
- Recycling EV batteries can supply 43% of domestic mineral needs by 2040.
- The EU aims to reduce reliance on imported materials with recycling regulations.
- Technological and regulatory advancements are crucial for local recycling capabilities.
Further Insights
Recycling Challenges: Extracting critical minerals from EV batteries involves crushing them into 'black mass' for processing, mainly in China.
Future Potential: As the EV fleet ages, the demand for domestically recycled minerals will increase, supporting local industries and reducing dependency on imports.
Cost Barriers: High costs and regulatory hurdles impede the establishment of local recycling facilities, making export the cheaper option.
Closing Thoughts: As Britain contemplates its future in EV battery recycling, how will technological innovations and policy adjustments shape its self-sufficiency and environmental impact?