November 5, 2020: Operating rates in secondary lead smelters across the Chinese provinces of Jiangsu, Anhui, Henan and Guizhou saw an average drop in the last week of October, all operating at an average of just over 50%, the Shanghai Metals Market reported on October 30.
This is in spite of a November 4 report by Transparency Market Research, which says the battery recycling sector in the Asia-Pacific region, led by China, would see a CAGR of around 10% up to 2027 because of the growing requirements of governments to reduce environmental impact.
“Recycling and disposal of spent batteries are a key concern for economies in the light of reducing the environmental impact of the battery industry, as well as the mining of key minerals used in the battery making,” it said.
“They have framed numerous regulations, and stakeholders in the value chain are leaning on complying with those. This has spurred the opening of new recycling plants and, more importantly, has fuelled constant technological advances in older plants.”
China’s industrial output has rebounded to pre-Covid-19 levels, according to the National Bureau of Statistics, which recorded an overall 2.4% decrease in the first nine months of 2020 then a surge of 4.9% from July.
It means China is now back at a 6% growth rate, according to its own figures.