Circular economy and its impact on battery material recycling industry growth

As the global efforts intensify to promote sustainable development, the significance of battery materials recycling industry cannot be overstated in this era of hyper-consumerism. Owing to the increasing pace of industrialization and constant innovation in manufacturing processes, the over-production and over-consumption of consumer goods, electronics, automobile, and textile products has emerged as a major cause of concern across the world. Recycling and reusing materials to the maximum extent possible ensures less utilization of resources and production cost savings – a major factor that has defined the growth pattern of the global battery materials recycling industry in recent years.

Related Stories

Discover

Oil up nearly 2% to multi-year highs on demand...

Commodities5 minutes ago (Jun 15, 2021 03:01PM ET) (C) Reuters. FILE PHOTO: Crude oil storage...

Lordstown has ‘binding orders’ for first two years of...

(C) Reuters. FILE PHOTO: A sign welcomes visitors to the General Motors Lordstown Complex,...

U.S. needs to maintain strong trade measure to prevent...

Stock Markets20 minutes ago (Jun 15, 2021 02:45PM ET) (C) Reuters. FILE PHOTO: A steel...

Stellantis to produce four electric vehicles at Italy’s Melfi...

Stock Markets30 minutes ago (Jun 15, 2021 02:36PM ET) (C) Reuters. FILE PHOTO: A flag...

Webuild high-speed U.S. rail contract to boost cash flow,...

Stock Markets34 minutes ago (Jun 15, 2021 02:31PM ET) (C) Reuters. By Stephen Jewkes MILAN...

Wall Street slips as Fed mulls policy, economic data...

Economy34 minutes ago (Jun 15, 2021 02:31PM ET) 2/2 (C) Reuters. FILE PHOTO: A woman holding...

Popular Categories