Analysis of demand and recycling potential of lithium, cobalt, and nickel under energy transition emdash From perspective of electric vehicles

Authors

Xiong YING, School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, ChinaFollow
Shouyang WANG, School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China
Yuyao YANG, Guanghua School of Management, Peking University, Beijing 100871, ChinaFollow

Keywords

carbon neutrality; energy transition; resource security; recycling

Document Type

Policy & Management Research

Abstract

With the rapid growth of demand for lithium, cobalt, and nickel, China, the United States, and the European Union have classified them as critical minerals. This study investigates the rise of China’s and the global electric vehicle industry in relation to the demand for lithium, cobalt, and nickel, forecasts the potential for recycling these metals, and evaluates the challenges to resource security of these metals faced by China. The findings underscore the necessity of enhancing international collaboration in mineral extraction abroad and enhancing capabilities to safeguard overseas assets and equity. The study advocates for expediting the establishment of an electric vehicle battery recycling infrastructure. The aim of establishing such a battery recycling network and monitoring system is to ensure a secure supply of lithium, cobalt, and nickel metals in China, thereby offering substantial support in achieving the objectives of “carbon peaking and carbon neutrality”.

First page

1226

Last Page

1234

Language

Chinese

Publisher

Bulletin of Chinese Academy of Sciences

References

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Recommended Citation

YING, Xiong; WANG, Shouyang; and YANG, Yuyao (2024) "Analysis of demand and recycling potential of lithium, cobalt, and nickel under energy transition emdash From perspective of electric vehicles," Bulletin of Chinese Academy of Sciences (Chinese Version): Vol. 39 : Iss. 7 , Article 34.
DOI: https://doi.org/10.16418/j.issn.1000-3045.20240314002
Available at: https://bulletinofcas.researchcommons.org/journal/vol39/iss7/34