Altilium’s planned recycling operations in the UK and Europe will provide enough copper for production of over 596,500 new EV batteries a year – enough to fuel 33% of Tesla’s entire fleet of EVs delivered in 2023.

With increasing demand for copper and other critical battery metals, Altilium is developing a sustainable domestic supply chain for these valuable resources from recycling existing waste streams, such as mine tailings and old EV batteries, helping to deliver energy security and industrial resilience for the UK and Europe.

Copper is an essential component in battery anode current collectors, making up around 11% of an NMC battery by weight, as well as electric motors and charging infrastructure. However, copper miners are struggling to meet growing demand and a significant shortfall is expected by 2030.

According to a recent report by The International Energy Forum, the world will need to mine more copper in the next 30 years than it has in all of history until now, just to meet business-as-usual trends. Electrifying the entire global vehicle fleet would necessitate the opening of another 55% more new mines than are already expected to be needed.

At Altilium, we believe that recycling is the answer to decarbonise EV battery supply chains. By turning waste into valuable resources, we can support the electrification of transport with sustainable source of copper, reducing the need for hard rock mining and saving our natural resources.

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Building the recycling infrastructure needed for net-zero requires a collaborative approach.