What are battery recycling stocks?

Battery recycling stocks are publicly traded companies that focus on the process of recycling batteries. This can be a company that is designed to properly dispose of lithium ion batteries in a safe manner to ensure that the environment is protected.

Is battery recycling economic?

The process is economic when a ton of batteries contains up to 600 pounds of recoverable cobalt that’s worth $40 a pound. The instant you take the cobalt out of the equation, the process becomes hopelessly uneconomic. The reason Li-ion battery recycling has previously been uneconomic is the complexity and low yield of recycling.

Which EV battery recycling companies are based in North America?

Especially if you are looking to trade companies that are based in North America. SNAM is a French recycling company that is considered one of the top names in the EV battery recycling market. They have long been doing their part in reducing the environmental impacts involving battery recycling.

Is Li-cycle a good battery recycler?

Li-Cycle is one of the front-runners for battery recycling in North America. It records impressive progress with its proprietary technology in recovering and recycling lithium-ion batteries. The Li-Cycle process recovers battery metals like cobalt, lithium, nickel, and manganese carbonate from scrap batteries.