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Stock impact report

Black Mass Recycling Market Set to Reach Valuation of US$ 62.20 Billion By 2033 | Astute Analytica [Yahoo! Finance]

Li-Cycle Holdings Corp. (LICY) 
Company Research Source: Yahoo! Finance
reclaiming essential metals and promoting a circular economy in the battery supply chain. New Delhi, Dec. 23, 2024 (GLOBE NEWSWIRE) -- The global black mass recycling market is projected to hit the market valuation of US$ 62.20 billion by 2033 from US$ 14.93 billion in 2024 at a CAGR of 17.69% during the forecast period 2025–2033. Black mass recycling refers to the process of extracting valuable metals such as lithium, cobalt, nickel, and manganese from the shredded remains of spent lithium-ion batteries. As the core material retrieved after initial battery processing, black mass contains a concentrated mix of these critical elements. The demand for black mass recycling market is driven by the surging production of electric vehicles (EVs) and the growing need for sustainable battery management. In 2023, the global accumulation of battery waste has reached significant levels, with an estimated 500,000 metric tons of lithium-ion batteries reaching end-of-life worldwide. This substan Show less Read more
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