TOKYO -- Mitsubishi Materials will begin commercial recycling of rare metals such as cobalt and lithium from used lithium-ion batteries taken from electric vehicles, starting in fiscal 2025, Nikkei has learned. The Japanese company aims to increase its processing capacity to 6,000 tonnes per year by around fiscal 2030.
Materials
Mitsubishi Materials to recycle rare metals from used EVs
Japan company looks to extract cobalt, lithium to cut overseas dependence
Mitsubishi Materials and its partner, Envipro Holdings, plan to have a commercial lithium-ion battery recycling business up and running by fiscal 2025. (Source photo by Shihoko Nakaoka)
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