1、The Economics of Battery RecyclingEfficient and Economical Ways of Returning Recycled Battery Materials to the Li-ion Battery Supply ChainAscend Elements,Inc.The Goal:Closed-loop Battery Materials EcosystemConserve critical materialsMinimize environmental impactReduce carbon emissionsEnhance energy
2、independence Reduce supply chain inefficiencies Battery productionElectric vehiclesEVs on the roadRecyclingBattery materials3Commercial Battery Recycling MethodsDirect Precursor SynthesisHydrometallurgyHydro-to-CathodeHydro-to-AnodePyrometallurgyMetals ExtractionNote:“Direct Recycling”methods are st
3、ill not technically or commercially proven4Economic comparisonof typical 100 kWh pack*Commodity pricing from Fastmarkets MB April 2023*Electrode grade graphiteValueValue$/kg$/kg100kWh EV Battery Pack100kWh EV Battery Pack$920$920$2$2460 kg460 kgTotal MassTotal Mass$1,665$24*70 kgNickel$620$38*16 kgC
4、obalt$1,709$34*51 kgLithium$196$8.50*23 kgCopper$403$8*54 kgGraphite$0$0246 kgOther$4,593$4,593Nickel36%Cobalt14%Lithium37%Copper4%Graphite9%Other0%Percent by ValueNickel15%Cobalt4%Lithium11%Copper5%Graphite11%Other54%Percent by Weight5Note:Plastic,electrolyte and graphite are burnedLithium is typic
5、ally lost in the slag100kWh EV Battery PackRecovered Value:$2,285Assumes:95%recovery rate of Cobalt and Nickel6HYDROMETALLURGY100kWh EV Battery PackRecovered Value:$3,994Assumes:95%recovery rate of Cobalt and Nickel80%recovery rate of Lithium7HYDRO-TO-CATHODE PRECURSOR SYNTHESIS100kWh EV Battery Pac
6、kRecovered Value:$6,723Hydro-to-Cathode is a trademark of Ascend Elements and is registered in the U.S.Patent and Trademark Office8Economic Comparison$6,723$6,723$2,285$2,285$3,994$3,994About Ascend ElementsCommercializing Hydro-to-Cathode direct precursor syn