The European Commission has estimated that to meet its climate neutrality goals, which would rely heavily on e-mobility, the E.U. would need up to 18 times more lithium by 2030 and 60 times more by 2050.
Currently, only 10% of the lithium contained in electric car batteries is recycled. Given the soaring demand and finite supplies, the E.U. has formulated ambitious new recycling targets under which 70% of the lithium must be recovered from the batteries by 2030.
Lithium makes up about 0.0007% of the world's crust, and although it was added to the E.U.'s list of critical raw materials in 2020, it isn't considered rare.
Read the original story here.
Sign in or become a tippinsights member to join the conversation.
Just enter your email below to get a log in link.