Strategyand - EU Battery Recycling Market

The EU recycling market study highlights the potential for a sustainable and profitable battery recycling market in the EU. The report discusses the regulatory changes made in the EU to promote battery recycling and the expected investments in the EU recycling market by 2030. The report also identifies the potential benefits that could arise from a successful battery recycling market, such as reduced battery costs. According to the report, additional investments in recycling capacity of ~€7 bn are required to handle all recyclable material in 2035. After initial recycling overcapacities, the market is expected to be fully utilized from 2030 onwards, requiring investments of more than €2.2 bn for a total recycling capacity of ~570 kt/a. The recycling capacity gap arises from 2030, with the first wave of electrification reaching end of life, resulting in a recycling capacity gap by 2030. Overall, the report suggests that a successful battery recycling market in the EU could have significant economic and environmental benefits, including reduced reliance on imported raw materials, reduced greenhouse gas emissions, and increased job opportunities.