The battery recycling industry is booming

In 2022, the operating income will be about 4.351 billion yuan, a year-on-year increase of 15.16%. The net profit attributable to shareholders of the listed company was about 198 million yuan, an increase of 31.75% over the same period last year; Basic earnings per share were 0.53 yuan, a year-on-year increase of 29.27%.

Tianqi shares said that the main reason for the high prosperity of the lithium battery recycling market and the rapid growth of the market in 2022 is the rise in lithium battery prices, the economic benefits of lithium battery recycling are prominent, and lithium battery enterprises have high enthusiasm for recycling and processing.

Some of the waste lithium batteries accumulated in history will also be centrally processed in 2022, driving a significant increase in the processing volume of waste lithium batteries.

Benefiting from the rapid development of the new energy vehicle and energy storage markets, the overall prosperity of the lithium battery industry chain continues to improve, and the strong growth of downstream customers’ demand for cobalt, lithium, and nickel products has driven the market to pay close attention to the lithium battery recycling industry.

Elaine Li

Elaine Li

Elaine Li (李益楠) is Marketing Manager for the Chinese Market. With ten years of experience in the nuclear power market, Elaine is experts for the certification of safety equipment (HAF 604 and 601) and marketing intelligence.
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