With the dramatic rise of Cobalt prices, Samsung SDI has thought to revisit its formula for their lithium-ion batteries. Current technologies are nickel-cobalt-manganese and nickel-cobalt-aluminum, but the new battery composition is aiming at greater than 90% nickel, and only 5% cobalt. They want to significantly minimize the cobalt in the batteries, as a long-term strategy to deal with the rising prices of Cobalt due to anticipated supply shortages. Not only is Samsung SDI trying to change the battery composition, they are also exploring ways to recycle old lithium batteries, aware that this is an important task – to recover cobalt and other valuable metals.
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