The profitability of the battery recycling industry is affected by a number of factors, including recycling technology, battery type, and market price of metals. According to the search results, here are some data about the profit of the battery recycling industry:
Analysis of lithium battery recycling unit economics: according to the analysis, lithium battery recycling unit economics is relatively significant, with a gross profit per unit of more than 30,000 yuan
. Specifically, the gross profit per unit of waste is 38,400 yuan/ton of waste batteries, and the gross profit per unit of lithium carbonate is 19,200 yuan/ton of lithium carbonate, for a total gross profit per unit of recycling of 38,400 yuan
.
Market size growth: the industry boom is expected to continue in the next five years, the market space is expected to grow from the estimated $36.6 billion in 2023 to $68.6 billion in 2027, realizing a CAGR5 of nearly 13.38% or more!
.
Gross profit margin of different battery types and processes: the gross profit margin of different battery types and major processes of formal enterprises is about 5%-30%. For example, the gross profit of waste lithium iron phosphate battery recycling business using dry process is about 5,993 yuan/ton, with a gross profit rate of 28.69%; the gross profit of waste lithium iron phosphate battery recycling business using wet process is about 7,664 yuan/ton, with a gross profit rate of 27.41%
.
Profitability of informal enterprises: Informal enterprises compress costs at the cost of environmental pollution and safety hazards, profitability is significantly higher than formal enterprises. For example, the gross profit of informal enterprises using dry process to carry out the recycling business of used lithium iron phosphate batteries is about 7,493 yuan/ton, with a gross profit rate of 35.86%.
.
Case of Grimme Company: Grimme Company recycled more than 12,000 tons of power batteries in the first three quarters of 2022, realizing sales revenue of 46,270.14 million yuan, a year-on-year increase of 297.73%, and fully entered the profitability stage
.
To summarize, the battery recycling industry is highly profitable, but the specific profit level is affected by a variety of factors, including market size, battery type, recycling technology and metal prices. With the rapid development of new energy vehicles and the continuous progress of battery recycling technology, it is expected that the profit of the battery recycling industry will continue to grow.
