Skip to main content

Samsung getting ready to recycle cobalt from phones and cars

Global – Battery supplier Samsung SDI Co. says it will recycle cobalt from used mobile phones in light of ongoing price surges.

Samsung SDI, an affiliate of Samsung Electronics Co., intends to ‘mine’ post-consumer phones for cobalt now supplies are getting scarce. Down the line, it may look to electric car batteries as well, Bloomberg has reported.

This is not an unsurprising move, seeing as cobalt prices went through the roof last year, ending at at US$ 75,500 per tonne on the London Metal Exchage. This represents a 129% surge compared to 2016.

Rapidly intensifying demand from battery and tech companies is said to be a major driver. Recovering minerals from depleted batteries could add an estimated 25 000 tonnes of supply by 2025.

In order to become self-sufficient, Samsung plans to buy a stake in a dcompany with recycling technology and sign a deal to ensure ‘long-term’ cobalt supplies. Both Belgium-based Umicore and US firm American Manganese Inc. have been named as potential recycling partners.

Previously, Samsung had announced it is ‘ready’ to produce electric vehicle batteries with nickel content above 90%, and only 5% cobalt.

Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.

You might find this interesting too

Declines across all US scrap exports in April
Funding success for cutting-edge magnet recycling pioneers

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €136 (normal rate is €170) Subscribe
Share your shear stories and win a GoPro!

It’s safe to say that scrap shears are the pillars of the recycling industry. But which configurations are the future? Take part in our tech survey and get a shot at winning a cool GoPro camera!

Thousands of scrap shears are driving recycling businesses all over the world. When it comes to different types, an operator may opt for maximum tonnage or flexibility, such as a mobile set-up. An integrated baling system is also gaining popularity. Ultimately, there is no wrong or right shear; it comes down to how you’re going to use it.

Our survey is meant to map the wants and needs of today’s dynamic recycling industry. Voice your opinion here and, who knows, you may be able to capture your recycling facility in action in HD.