TOKYO -- JERA, Japan's biggest producer of fossil fuel power, plans to extract valuable metals from old electric-vehicle batteries, aiming for a roughly 90% recovery rate, Nikkei has learned.
With 80% of Japan's used EVs exported overseas, recycling old batteries could keep more resources like lithium, cobalt and nickel in the country to improve economic security. The U.S., European Union and China are all moving to ensure their own supply chains for these metals are secure.
