VFBATTERY REPORT

Supply Chain: Recycling & Secondary Markets

Pages 439–454 (16 pages)

Battery Report 2025, page 446: Supply Chain: Recycling & Secondary Markets
Text on page 446

Recycling Profitability Is Heavily Influenced by Changing Material Prices Because of their material content, NMC batteries have historically netted a marginal profit when recycled while LFP batteries have bore little to no profit. This disparity has in the past encouraged LFP battery reuse when possible to maximize residual value recovery. AVERAGE RECOVERABLE MATERIAL VALUE OF NMC 811 VS LFP

Source: IEA

RECYCLING PROFITS ARE SIGNIFICANTLY LOWER FOR LFP, OFTEN RESULTING IN A LOSS FOR THE RECYCLER

Extracted from the PDF; charts and images may read imperfectly.

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