Code: MTA7831 | Publication Date: Aug 2025 |
The market is expanding due to the rising volume of end-of-life EV batteries, increasing recovery efficiency for valuable metals, and government regulations promoting circular economy practices.
Lithium-ion recycling market is witnessing trends like increased automation in dismantling and sorting processes, expansion of regional recycling facilities to reduce transportation costs, and stronger partnerships between automakers, battery manufacturers, and recyclers to secure secondary raw materials. In a big shift, the use of low-emission hydrometallurgical processes and cathode to cathode recycling are minimising environmental effects. Moreover, trace ability systems and material tracing with block chains are on the rise so as to achieve compliance to responsible sourcing.
Lithium-ion recycling market is experiencing developments such as commercialization of large-scale black-mass processing plants, integration of second-life applications before recycling, and innovations to recover high-purity lithium suitable for battery-grade use. Business organizations are up-scaling on hybrid recycling technology involving a combination of mechanical, pyrometallurgical and hydrometallurgical processes that are much more efficient. Urban mining plants are being built like in Europe and North America to localize material recovery especially since it feels better to not be dependent on imports.
Below is a comprehensive list of the leading market players driving growth in this sector:
Company Name | Li-Cycle Holdings Corp. |
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Established Year | 2016 |
Headquarters | Toronto, Ontario, Canada |
Official Website | Click Here |
Li-Cycle recovers lithium, cobalt, and nickel from end-of-life batteries through its patented hydrometallurgical process, supporting a circular economy in electric mobility and energy storage industries.
Company Name | Umicore N.V. |
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Established Year | 1805 |
Headquarters | Brussels, Belgium |
Official Website | Click Here |
Umicore specializes in battery recycling using advanced metallurgical processes to recover valuable metals, supplying raw materials for new batteries while reducing environmental impact.
Company Name | American Battery Technology Company |
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Established Year | 2011 |
Headquarters | Reno, Nevada, USA |
Official Website | Click Here |
ABTC focuses on closed-loop battery recycling to extract lithium, nickel, and cobalt, supplying sustainable feedstock for electric vehicle batteries and renewable energy storage applications.
Company Name | Retriev Technologies Inc. |
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Established Year | 1993 |
Headquarters | Lancaster, Ohio, USA |
Official Website | Click Here |
Retriev Technologies offers complete lithium-ion battery recycling solutions, recovering high-value materials for reuse in battery manufacturing, consumer electronics, and electric transportation markets.
Company Name | Battery Solutions LLC |
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Established Year | 1992 |
Headquarters | Wixom, Michigan, USA |
Official Website | Click Here |
Battery Solutions provides lithium-ion battery collection, sorting, and recycling services, focusing on material recovery for sustainable manufacturing and circular economy initiatives.
Company Name | Neometals Ltd. |
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Established Year | 2001 |
Headquarters | West Perth, Australia |
Official Website | Click Here |
Neometals develops lithium-ion battery recycling plants using innovative hydrometallurgical processes to recover high-purity lithium, cobalt, and nickel for reuse in electric mobility and energy storage.
Company Name | Fortum Oyj |
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Established Year | 1998 |
Headquarters | Espoo, Finland |
Official Website | Click Here |
Fortum operates battery recycling facilities in Europe, recovering up to 95% of valuable metals from lithium-ion batteries to supply sustainable raw materials for manufacturers.
Company Name | GEM Co., Ltd. |
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Established Year | 2001 |
Headquarters | Shenzhen, Guangdong, China |
Official Website | Click Here |
GEM engages in large-scale recycling of lithium-ion batteries, extracting lithium, cobalt, and nickel for reintroduction into the electric vehicle and energy storage manufacturing supply chain.
Company Name | Duesenfeld GmbH |
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Established Year | 2012 |
Headquarters | Wendeburg, Germany |
Official Website | Click Here |
Duesenfeld uses low-emission mechanical and hydrometallurgical recycling processes to recover metals from lithium-ion batteries, focusing on sustainability and resource efficiency in the EV battery market.
Company Name | TES-AMM (TES Sustainable Technology Solutions) |
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Established Year | 2005 |
Headquarters | Singapore |
Official Website | Click Here |
TES-AMM recycles lithium-ion batteries from electric vehicles, consumer electronics, and industrial applications, recovering metals for reuse while meeting global environmental compliance standards.