July 1, 2021: Indian business news website Money Control said on June 29 that the largest lead battery recycling company in the country, Gravita, had decided to enter the lithium battery recycling sector.
Quoting Gravita India’s CEO Yogesh Malhotra, the site said ‘talks are at an advanced stage’ with a European firm that could provide the technology for recycling lithium batteries.
“Demand for recycling lithium batteries is expected to become viable in six to seven years, by when Gravita India will be ready for the market,” the site said.
With the Indian government, as with many others across the world, mandating that only new electric cars will be sold after 2030, the need for lithium battery recycling is bound to surge.
At the moment, Gravita smelts lead ore, concentrate and battery scrap, as well as aluminium scrap, to produce lead and aluminium ingots.