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Leading battery recycler SungEel HiTech confirms that South Korea’s e-cycling market is booming; the company has already boosted its recycling capacity threefold this year.
Based in the south western city of Gunsan, SungEel HiTech processes approximately 8000 tonnes of discarded lithium-ion batteries and metal scrap annually. This yields roughly 830 tonnes of lithium phosphate, as well as 1000 tonnes of cobalt metal equivalent and 600 tonnes of nickel.
