LG Energy Solution (LGES) is ramping up efforts to expand its battery recycling as part of a broader strategy to build a virtuous cycle from battery production and reuse to disposal, the company said Tuesday. The initiative aims to build a circular ecosystem covering the entire battery lifecycle, from raw material sourcing to production, use and disposal. The company also expects battery recycling to help create new business opportunities. In June last year, LGES joined hands with Toyota Tsusho to establish GMBI, a recycling joint venture in North Carolina. The facility will have an annual processing capacity of 13,500 tons, which is enough to handle used batteries from more than 40,000 electric vehicles (EVs) each year. The new venture will operate a pre-processing plant that dismantles and crushes end-of-life batteries and produces black mass, a powdery byproduct generated by recycling lithium-ion batteries. The black mass will then undergo post-processing to extract key minerals, such as lithium, cobalt and nickel, which can be reused in battery production. In April last year, LGES als
LG Energy Solution accelerates push for battery recycling
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