Circular economy and its impact on battery material recycling industry growth
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As the global efforts intensify to promote sustainable development, the significance of battery materials recycling industry cannot be overstated in this era of hyper-consumerism. Owing to the increasing pace of industrialization and constant innovation in manufacturing processes, the over-production and over-consumption of consumer goods, electronics, automobile, and textile products has emerged as a major cause of concern across the world. Recycling and reusing materials to the maximum extent possible ensures less utilization of resources and production cost savings – a major factor that has defined the growth pattern of the global battery materials recycling industry in recent years.
