TOKYO -- Sumitomo Metal Mining will start recycling cobalt, lithium and other key materials from used electric vehicle batteries, employing a cost-competitive proprietary process to extract high-grade metals.
Commodities
EV batteries: Cheaper way to recycle material developed in Japan
Sumitomo Metal's method promises more reliable supply of cobalt, lithium and copper
Recycled cobalt sulfate, seen here at an urban mining plant in South Korea, is used in storage batteries. © Reuters
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