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Circular economy and its impact on battery material recycling industry growth

As the global efforts intensify to promote sustainable development, the significance of battery materials recycling industry cannot be overstated in this era of hyper-consumerism. Owing to the increasing pace of industrialization and constant innovation in manufacturing processes, the over-production and over-consumption of consumer goods, electronics, automobile, and textile products has emerged as a major cause of concern across the world. Recycling and reusing materials to the maximum extent possible ensures less utilization of resources and production cost savings – a major factor that has defined the growth pattern of the global battery materials recycling industry in recent years.

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