How much money can you make recycling lithium-ion batteries?

However, if you get scrap of lithium-ion batteries, you can get a good price. Currently, you can earn up to $1.30 per pound if you sell used lithium-ion batteries. Therefore, the more data collected, the more benefit you can gain from advance recycling. Incredible, but in 2015, $16.6 billion was made just recycling lithium-ion batteries.

Are scrap batteries worth it?

It is worth knowing that current prices of scrap batteries don’t stay current for too long. In fact, they can fluctuate daily, just like the prices of gas. That is nothing to be concerned about. Battery recycling is always worth it, no matter the price.

Can you sell used lithium-ion batteries?

And the types of Li-ion batteries are different, so they cannot be classified as the same battery. However, if you get scrap of lithium-ion batteries, you can get a good price. Currently, you can earn up to $1.30 per pound if you sell used lithium-ion batteries.

What should I consider when buying a scrap battery?

A key consideration is the price that you can get for your scrap battery. LOHUM makes it easy to achieve zero ambiguity through DETX™. We host Basic and Advanced versions of our index to give you best prices irrespective of the amount of data that you can share.

What percentage of lithium ion batteries are recycled?

Despite the smaller supply of lithium, a study earlier this year in the Journal of the Indian Institute of Science found that less than 1 percent of Lithium-ion batteries get recycled in the US and EU compared to 99 percent of lead-acid batteries, which are most often used in gas vehicles and power grids.

How much does a metric ton of lithium carbonate cost?

In 2021, the average price of one metric ton of battery-grade lithium carbonate was $17,000 compared to $2,425 for lead North American markets, and raw materials now account for over half of battery cost, according to a 2021 report by the International Energy Agency (IEA).