India is entirely dependent on the import of lithium products, and China dominates this industry. India is entirely relying on China to import lithium, the primary raw material used in the production of the cell-based battery to power accessories like electric vehicles, laptops, mobiles, and other gadgets.
In the last three financial years, India has imported lithium for around INR 26,726 cr. It consists of lithium worth INR 522 Cr and Li-Ion worth INR 26,204 Cr. If we talk about the import of the previous years, India imported lithium for INR 8574 and INR 8819 in the Financial years 2018-19 and 2019-20, respectively. The data shown above reveals the increasing demand for lithium raw materials.
Both the nations fought a boundary war in 1962, and due to the border disputes, the armies of both the nations were deployed in an eyeball-to-eyeball mode in the territory of Arunachal Pradesh and Ladakh. Around 20 Indian Soldiers died in a clash in the Galway valley in June 2022.
Even after many border disputes between the two nations, India still imports lithium materials from China. The primary cause behind this import is the limited production of these materials in India. In the past few years, some companies have come forward and opted for lithium battery recycling technology to reuse dead lithium batteries.
BATX is one of the leading companies in India that works on lithium battery recycling and extracts the most crucial elements like cobalt, black mass, lithium, cobalt, Nickel, and Manganese. These elements are one of the non-renewable sources having limited availability on the earth. Recycling lithium materials not only saves resources but also reduces costs.
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Why is there a need for Recycling the Lithium Battery of Electric Vehicles?
The market for electric vehicles is expanding at an incredible pace, and it is tough to fulfill the demand for lithium from natural resources. The shortage of lithium batteries is one of the global challenges for EV penetration. There is a global target to reduce greenhouse gas emissions, improve air quality, and meet customers’ needs. The lithium battery used in EVs has almost 5-6 years. Still, after completion of the tenure, the battery is not entirely dead and can be used for secondary purposes. So, the lithium battery recycling companies use the crucial elements of these batteries and make them suitable for their secondary uses.
Apart from the economic factor, the other purpose of recycling lithium battery is to conserve nature. The lithium battery consists of several harmful chemicals which contaminate the environment. If these chemicals somehow eaters into the food cycle, they might cause death to live organisms. They are essential for competitive, effective, and efficient electrification of the solutions in various parts of the world.
Expansion of Lithium Battery Recycling Companies In India
India has already taken steps toward becoming ‘Atmanirbhar Bharat.’ India realized that recycling lithium batteries plays a crucial role in making the nation self-reliant. Some of the leading companies in India have developed technologies to extract different elements from lithium batteries for further reuse.
Similarly, BatX has shown his significant contribution to this industry. BatX Energies is one of the leading organizations in India that provides lithium battery recycling services. BatX Energies was established with an initiative to deliver a cost-effective, high-quality, sustainable energy source to the nation. They also have a vision of decreasing carbon emissions and improving the quality of human life.
Benefits of Lithium Battery Recycling
- One of the most important benefits of lithium battery recycling is that it will make the nation self-reliant, and there is no need to import the same from the disputed nation China. At present, India imports the raw material for lithium batteries from china which causes economic loss to the country. Recycling the same will not only save money but also generate employment and contribute to the country’s economic growth.
- When the lifespan of a lithium battery ends, people dump that battery which breaks, and the elements such as cobalt, nickel, and black mass contaminate the environment. Dumping these elements into the environment and burning them causes the emission of numerous toxins such as carbon, sulfur, and nitrogen on the environment. The environment further absorbs this, leading to global warming and climate change. By reusing, we can quickly recover the expensive elements from it. Cobalt and nickel are the two most expensive elements that can be recovered, recycled, and reused from these batteries.
In the above article, we have read about the contribution of Indian industries in recycling lithium batteries. India is one of the powerful lithium importers battery from China, but with the advancement in technologies, companies in India have shown their potential to recycle and reuse the byproducts of the lithium battery. India will become a leading nation in exporting lithium and Li-ion batteries in upcoming years.