On : 11 march 2025
• The global Recycled Cobalt market was valued at US$ 1,394.66 million in 2023 and is anticipated to reach US$ 3,234.86 million by 2030, witnessing a CAGR of 12.68% during the forecast period 2024-2030.
• North American market for Recycled Cobalt is estimated to increase from $ 155.18 million in 2023 to reach $ 322.76 million by 2030, at a CAGR of 13.74% during the forecast period of 2024 through 2030.
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• Certainly, recycled cobalt refers to cobalt that has been recovered from used or end-of-life products, such as batteries and electronic devices, and processed into raw material for reuse in new products. This is an important aspect of the circular economy, as it conserves resources and reduces waste, while also reducing the environmental impacts associated with mining and processing new cobalt. It is worth noting that the recycling process for cobalt can vary depending on the source material, with different methods employed for recovering cobalt from batteries, for example, compared to electronics.
• The major global manufacturers of Recycled Cobalt include GEM, Huayou Holding Group, CNGR Advanced Material, BRUNP RECYCLING, Miracle Automation Engineering, Redwood Materials, Umicore, Guangdong Guanghua Sci-Tech, Ganzhou Highpower Technology, and TES, etc. in 2023, the world's top three vendors accounted for approximately 45.08% of the revenue.
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• Sources of Used Batteries
• Sources of Cobalt Alloy Waste
• Other
• Lithium Battery • High Temperature Alloy • Hard Alloy • Other
