NEW DELHI--November 27, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--As the world is increasingly shifting toward an energy transition to reach an ambitious target of net-zero carbon, lithium-ion battery production has rapidly increased in recent years.

By recycling spent batteries, the extracted lithium can be reintroduced into the supply chain and help reduce reliance on lithium extraction from mines. Industrial Info tracking 156 active capital-spending projects worldwide, worth US$16.1 billion, geared toward lithium-ion battery recycling.