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JX Nippon Mining to dig for lithium in old batteries

Japanese players jump into urban mining as electric vehicles boost demand

Recovering lithium from lithium-ion batteries is deemed crucial as demand for the metal surges.   © Reuters

TOKYO -- Non-ferrous metal companies in Japan are launching recycling operations to recover lithium from used batteries as the growing popularity of electric vehicles is set to keep the material in short supply.

JX Nippon Mining & Metals will invest hundreds of millions of yen -- the equivalent of millions of dollars -- to install lithium recovery equipment at subsidiary JX Metals Circular Solutions. The aim is to launch the recycling business soon, tapping its expertise for recovering high-purity lithium from batteries.

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