In 2030, the revenue opportunity in reusing and recycling lithium-ion batteries is expected to stand at around ** billion U.S. dollars worldwide. China alone will account for roughly **** of this value. The market for recycled batteries is gradually growing as demand for electrical vehicles grows around the world. As the world demand for lithium-ion batteries continues to soar, the mining industry will need to ramp up production of lithium. Recycling capacities of lithium-ion batteries will also need to significantly increase in order to fill out supply in the next decade.
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McKinsey & Company. (January 16, 2023). Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/1103253/revenue-opportunity-ruse-recycle-by-country/
McKinsey & Company. "Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country (in billion U.S. dollars)." Chart. January 16, 2023. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/1103253/revenue-opportunity-ruse-recycle-by-country/
McKinsey & Company. (2023). Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1103253/revenue-opportunity-ruse-recycle-by-country/
McKinsey & Company. "Revenue Opportunities in Lithium-ion Battery Reuse and Recycling in 2030, by Country (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 16 Jan 2023, /statistics/1103253/revenue-opportunity-ruse-recycle-by-country/
McKinsey & Company, Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1103253/revenue-opportunity-ruse-recycle-by-country/ (last visited August 01, 2026)
Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country (in billion U.S. dollars) [Graph], McKinsey & Company, January 16, 2023. [Online]. Available: /statistics/1103253/revenue-opportunity-ruse-recycle-by-country/
