Electric vehicles (EVs) will help the world (eventually) get to zero emissions. But the EV revolution, like all movements, has a dirty little secret. EV batteries require lithium, which comes from ground-scarring mining operations.
Therefore, the EV industry needs to recycle its batteries.
Right now, there are close to 200,000 metric tons of lithium-ion batteries available for recycling. It’s estimated that, by 2030, the U.S. will have about 80 metric kilotons of lithium-ion batteries to recycle, and Europe will have about 132 metric kilotons.
That’s where companies like Li-Cycle Holdings Corp (NYSE:LICY) come into play.
Why LICY Stock Has High Potential
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