Cobalt Waste and Recycling
The increased demand for electronics around the globe - in particular, lithium-ion batteries - has also lead to an increased demand for cobalt (used in said batteries). Many countries have declared cobalt a critical resource due to this increased demand and the potential risks of limited supply. In 2019, it was estimated that 70% of all cobalt came from a single country, the Democratic Republic of Congo, and that slightly under 70% of all cobalt refining was also completed by a single country, China. As such, there is strong interest in obtaining cobalt from secondary sources and the promotion of a circular economy.
While batteries are not the only source of cobalt in waste streams the element is not common in popular alloys or other everyday objects. The Cobalt Institute estimates that 65% of recycled cobalt comes from battery recycling, while a further 24% comes from hard metal alloys. The European Union estimates that, these recycled materials constitute around 35% of their supply of cobalt, with the remaining 65% coming from imports. (Separately from the recycling of cobalt, there is also interest in batteries that do not contain cobalt.)
Sources/Further Reading: (Image source - 2023 article) (2022 article) (Cobalt Institute) (EU Article)