Some interesting facts:
-$1.7Bn in #mining investments will be needed to unlock new supply of critical minerals by 2050.
-Given the long permitting process for new mines, demand for critical minerals may surpass supply.
-Annual demand for #cobalt for instance could triple by 2050.
Clearly, secondary measures are needed to address the ever increasing demand for #battery materials by urgently supplementing traditional mining sources. This is where “secondary” mining of critical minerals comes in.
According to BloombergNEF, if efficiently done, battery #recycling can help meet 18% of global battery demand by 2035.
Support our efforts at Redwood Materials, turn in your old phones, laptops etc, it could add a lithium ion battery on our roads and help power a sustainable future.
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Despite being one of the largest consumers of lithium-ion batteries in the world, the U.S. only recycles 5% of them.
Let’s change that! Find out where you can recycle with Redwood to help create a sustainable and secure energy future: https://bit.ly/3UO18Ja
President at Perlmutter & Idea Development LLC (P&ID)
1moPerlmutter & Idea Development (P&ID) can help with engineering, process and equipment technologies, https://perlmutterideadevelopment.com/lithium-battery-materials/