Boosting Circular Economy
Foxx Compliance Services has become the first Indian company to achieve an impressive 99% recovery rate for electric vehicle (EV) batteries. This milestone underscores our commitment to innovation and sustainable practices in the Li-ion Battery Recycling sector.
Cobalt
Used in cathode for all type of lithium-ion batteries except lithium iron phosphate battery
Nickel
Used in cathode for Lithium Nickel Cobalt Aluminium Oxide (batteries)
Australia has the largest reserves (24%), followed by Brazil and Russia
Avg Price(2023) : 29,427 USD/ tonne
Lithium
Used in the cathode of all kind of lithium-ion batteries
75% of the world reserves exist in Argentina, Chile, and Bolivia
Avg Price(2023) : 79,300 USD/ tonne
Copper
Used in collector foil, electrical tabs, connections and functional items at cell and pack level
Chile (20.5%) has the largest reserves, followed by Australia and Peru
Avg Price(2023) : 9,329 USD/ tonne
Graphite
All lithium-ion batteries use graphite as anode
China accounts for almost 60% of the graphite reserves
Avg Price(2023) : 2,116 USD/ tonne