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WoodMac predicts lithium-ion battery recycling to lag

Data from advisory firm Wood Mackenzie (WoodMac) has predicted that lithium-ion battery recycling was not expected to take off before 2030.

WoodMac is predicting that electric vehicle (EV) penetration would reach 23% by 2030, and that by 2040, 89% of lithium-ion battery demand will come from the EV sector.

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