industry info
The world’s Battery Metals Industry is experiencing a demand that is higher than any other point in history. The rapid evolution of the EV Industry has created significant gaps that need need attention now, especially within the North American market.
Battery X Metals applies circular economic thinking into supply chains to respond to existing and anticipated industry issues.
Our team of advisors, scientists and analysts are working together, with the vision of becoming a world leader in the battery materials sector.
Exploration & RECYCLING industries
The price of battery materials has fluctuated sharply recently due to the increased demand and sales of electric vehicles. For example, lithium carbonate increased by 95% in 2022.
The recycling of lithium batteries is a developing industry. At present, although lithium battery materials can be recycled, the recovery rate of these materials in various conventional processes can be underwhelming.
Incorporating circular economic thinking into supply chains to leverage recycled materials is of the utmost importance both in terms of meeting demand for raw material as well as securing low carbon sources of these critical metals.
-
A 20g battery has the potential to pollute as much as 1 square kilometer of land for up to 50 years. A single Tesla Model 3 battery weighs 480kg.
At present, although lithium battery materials can be recycled, the recovery rate of these materials in various conventional processes can be underwhelming.
Rapid growth in spent battery materials now without factoring in exponential future processing volumes that will require processing as EV batteries reach “end of life”
5-10% of lithium-ion battery manufacturing volumes are typically rejected and are available for recycling now.
-
The Lithium chemicals industry is estimated to require $42B of investment to meet 2030 demand.
Benchmark Mineral Intelligence analysts forecasts 2030 lithium demand to be 2.4M tonnes nearly 1.8 M tonnes more than the 600,000 tonnes forecasted to be produced.
Currently only 2-4 North American mining projects are advanced enough to contribute meaningful supply of lithium.
Based on projections from Benchmark Mineral Intelligence, North America will face chronic shortages of battery materials for the foreseeable future. Recycling will become a critical aspect of the domestic battery materials supply chain in North America.
The price of battery materials has fluctuated sharply recently due to the increased demand and sales of electric vehicles. For example, lithium carbonate increased by 95% in 2022.
The pace of new battery manufacturing facilities is expected to far exceed available raw materials
New Lithium mines in North America will take 8 – 10 years to build from exploration success to commercial production (perhaps even longer) resulting in high raw material prices and possibly manufacturing delays in the domestic battery manufacturing industry.
-
All EVs sold today include a battery warranty of at least eight years and 100,000 miles. (Indicating about an 8–10-year life)2 indicating there is an expected exponential growth in recycling feedstock which will need to be processed in a cost effective and efficient manner.
Companies will need to start building now to position for the future end of life materials which will become available as EV’s reach end of life.
The EV industry will need to work to reduce CO2 generated to manufacture an EV. The manufacturing of a standard EV currently generates approximately 8.80 tonnes of CO2 compared to 5.6 for an internal combustion vehicle.
Recycled materials offer the potential of lower carbon materials as compared to mined “new” metals.
Governments may mandate % of recycled materials be included in North American Gigafactory supply chain
Recycled materials will satisfy “Domestic inputs” for North American Gigafactory’s (if mandated by government.
FAQs
WHY ARE YOU FOCUSED ON End-of Life Lithium-Ion Battery RECYCLING?
Battery X Metals Inc. places a strong emphasis on battery recycling due to its significant environmental responsibility and resource conservation benefits. Recycling batteries reduces their environmental impact, aligns with our commitment to conserving finite resources, supports a circular economy, and advances sustainable energy solutions. This dedication also ensures regulatory compliance and responsible battery disposal, underscoring our commitment to environmental sustainability and green technology.
Is your Battery RECYCLING METHOD HARMFUL?
No, our proprietary Froth Flotation recycling technology, is designed with a strong emphasis on environmental responsibility and safety. This innovative and environmentally friendly process, developed in partnership with the University of British Columbia (UBC) employs air bubbles to selectively separate valuable materials from battery components. It ensures the safe recovery of critical battery metals without causing harm to the environment or human health. At Battery X Metals Inc., we prioritize sustainable and responsible recycling practices, and our proprietary Froth Flotation technology plays a key role in our commitment to a cleaner, greener future.
WHAT IS URBAN MINING?
Urban mining is the practice of extracting valuable materials and resources from waste and discarded products in urban areas. It helps recycle and repurpose materials found in urban areas, reducing the need for traditional mining and promoting resource sustainability. An example is recycling lithium-ion batteries.
What is the significance of your lithium exploration properties?
Our lithium exploration properties are strategically located in regions known for abundant lithium resources. These properties hold immense potential for the extraction of lithium, a critical component in batteries powering electric vehicles and renewable energy storage solutions. By exploring these properties, we aim to contribute to the sustainable energy transition
What is the current status of your lithium exploration projects?
Currently, our Y Lithium Project in Northern Saskatchewan, near Bailey Lake has yet to commence prospecting programs. However, we are diligently planning and preparing for these exploration efforts, dedicated to unlocking the potential of this properties through thorough geological surveys and exploration activities.
.
WHAT IS BLACK MASS?
Black mass is the industry term used to describe the material remaining once spent lithium-ion batteries are shredded, and all casings have been removed. This material contains an array of valuable elements, including nickel, cobalt, manganese, copper, lithium, and graphite. Once recovered, these elements can be recycled to produce new lithium-ion batteries, contributing to a more sustainable and eco-friendly approach to battery production.
what other battery metals are you Urban mining?
Our focus extends to the full spectrum of battery metals found within Black Mass, including but not limited to lithium, cobalt, nickel, and manganese; aligning with our commitment to meet the increasing demand for critical materials powering the sustainable energy revolution.
latest industry news
