Global Recycling of NCM Battery Black Mass Market Growth 2026-2032

May 2026 | 89 pages | ID: G03C99807A85EN
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The global Recycling of NCM Battery Black Mass market size is predicted to grow from US$ 861 million in 2025 to US$ 2069 million in 2032; it is expected to grow at a CAGR of 13.5% from 2026 to 2032.

The Recycling of NCM Battery Black Mass refers to the process of extracting a black powder rich in critical metals such as nickel, cobalt, and lithium from spent NCM batteries through physical dismantling, crushing, and screening. This black powder is then used as raw material and subjected to deep purification and material reconstruction via hydrometallurgy or pyrometallurgy, ultimately achieving the circular utilization of battery-grade raw materials. Among the mainstream methods, pyrometallurgy relies on high-temperature smelting to extract metals, offering a simpler process but higher energy consumption, while hydrometallurgy uses chemical leaching for metal recovery, achieving higher metal recovery rates albeit at relatively higher costs. The upstream segment primarily consists of core equipment suppliers such as Dalan Environmental Protection, Jie Bang Precision, and Tianqi Co., Ltd., which provide crushing, sorting, and pyrolysis equipment. They are responsible for collecting and dismantling spent batteries to produce black mass. The midstream segment represents the core of the recycling and regeneration process, where hydrometallurgical techniques and the advanced purification technologies of companies like Lanxiao Technology are employed to efficiently extract and synthesize battery-grade ternary precursor or cathode materials from the black mass. The downstream application directly supplies power and energy storage battery manufacturers such as CATL, Guoxuan High-Tech, CALB, and EVE Energy, ultimately incorporating the regenerated materials into the production of new power and energy storage battery products. This establishes an industrial closed loop encompassing battery production, use, recycling, regeneration, and remanufacturing. In 2025, the average gross profit margin in this sector was approximately 48%, with a capacity utilization rate of 71%. The annual production volume reached about 80,000 tons, with an average price of $11,000 per ton

United States market for Recycling of NCM Battery Black Mass is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

China market for Recycling of NCM Battery Black Mass is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

Europe market for Recycling of NCM Battery Black Mass is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

Global key Recycling of NCM Battery Black Mass players cover Brunp Recycling, Ganfeng Lithium, GEM, Miracle Automation Engineering, Redwood Materials, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2025.

LP Information, Inc. (LPI) ' newest research report, the ?Recycling of NCM Battery Black Mass Industry Forecast? looks at past sales and reviews total world Recycling of NCM Battery Black Mass sales in 2025, providing a comprehensive analysis by region and market sector of projected Recycling of NCM Battery Black Mass sales for 2026 through 2032. With Recycling of NCM Battery Black Mass sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Recycling of NCM Battery Black Mass industry.

This Insight Report provides a comprehensive analysis of the global Recycling of NCM Battery Black Mass landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Recycling of NCM Battery Black Mass portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms? unique position in an accelerating global Recycling of NCM Battery Black Mass market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Recycling of NCM Battery Black Mass and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Recycling of NCM Battery Black Mass.

This report presents a comprehensive overview, market shares, and growth opportunities of Recycling of NCM Battery Black Mass market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
  • NCM523
  • NCM622
  • Others
Segmentation by Technology:
  • Pyrometallurgical Smelting
  • Hydrometallurgical Recovery
Segmentation by Content:
  • Li?4%
  • Li?4%
Segmentation by Application:
  • Power Battery
  • Energy Storage Battery
  • Others
This report also splits the market by region:
  • Americas
    • United States
    • Canada
    • Mexico
    • Brazil
  • APAC
    • China
    • Japan
    • Korea
    • Southeast Asia
    • India
    • Australia
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
  • Middle East & Africa
    • Egypt
    • South Africa
    • Israel
    • Turkey
    • GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
  • Brunp Recycling
  • Ganfeng Lithium
  • GEM
  • Miracle Automation Engineering
  • Redwood Materials
  • Glencore
  • Ganzhou Longkai Technology
  • Huayou Cobalt
  • Umicore
  • SungEel HiTech
Key Questions Addressed in this Report
  • What is the 10-year outlook for the global Recycling of NCM Battery Black Mass market?
  • What factors are driving Recycling of NCM Battery Black Mass market growth, globally and by region?
  • Which technologies are poised for the fastest growth by market and region?
  • How do Recycling of NCM Battery Black Mass market opportunities vary by end market size?
  • How does Recycling of NCM Battery Black Mass break out by Type, by Application?
1 SCOPE OF THE REPORT

1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats

2 EXECUTIVE SUMMARY

2.1 World Market Overview
  2.1.1 Global Recycling of NCM Battery Black Mass Annual Sales 2021-2032
  2.1.2 World Current & Future Analysis for Recycling of NCM Battery Black Mass by Geographic Region, 2021, 2025 & 2032
  2.1.3 World Current & Future Analysis for Recycling of NCM Battery Black Mass by Country/Region, 2021, 2025 & 2032
2.2 Recycling of NCM Battery Black Mass Segment by Type
  2.2.1 NCM523
  2.2.2 NCM622
  2.2.3 Others
  2.2.4 Recycling of NCM Battery Black Mass Sales by Type
    2.2.4.1 Global Recycling of NCM Battery Black Mass Sales Market Share by Type (2021-2026)
    2.2.4.2 Global Recycling of NCM Battery Black Mass Revenue and Market Share by Type (2021-2026)
    2.2.4.3 Global Recycling of NCM Battery Black Mass Sale Price by Type (2021-2026)
2.3 Recycling of NCM Battery Black Mass Segment by Technology
  2.3.1 Pyrometallurgical Smelting
  2.3.2 Hydrometallurgical Recovery
  2.3.3 Recycling of NCM Battery Black Mass Sales by Technology
    2.3.3.1 Global Recycling of NCM Battery Black Mass Sales Market Share by Technology (2021-2026)
    2.3.3.2 Global Recycling of NCM Battery Black Mass Revenue and Market Share by Technology (2021-2026)
    2.3.3.3 Global Recycling of NCM Battery Black Mass Sale Price by Technology (2021-2026)
2.4 Recycling of NCM Battery Black Mass Segment by Content
  2.4.1 Li?4%
  2.4.2 Li?4%
  2.4.3 Recycling of NCM Battery Black Mass Sales by Content
    2.4.3.1 Global Recycling of NCM Battery Black Mass Sales Market Share by Content (2021-2026)
    2.4.3.2 Global Recycling of NCM Battery Black Mass Revenue and Market Share by Content (2021-2026)
    2.4.3.3 Global Recycling of NCM Battery Black Mass Sale Price by Content (2021-2026)
2.5 Recycling of NCM Battery Black Mass Segment by Application
  2.5.1 Power Battery
  2.5.2 Energy Storage Battery
  2.5.3 Others
  2.5.4 Recycling of NCM Battery Black Mass Sales by Application
    2.5.4.1 Global Recycling of NCM Battery Black Mass Sale Market Share by Application (2021-2026)
    2.5.4.2 Global Recycling of NCM Battery Black Mass Revenue and Market Share by Application (2021-2026)
    2.5.4.3 Global Recycling of NCM Battery Black Mass Sale Price by Application (2021-2026)

3 GLOBAL BY COMPANY

3.1 Global Recycling of NCM Battery Black Mass Breakdown Data by Company
  3.1.1 Global Recycling of NCM Battery Black Mass Annual Sales by Company (2021-2026)
  3.1.2 Global Recycling of NCM Battery Black Mass Sales Market Share by Company (2021-2026)
3.2 Global Recycling of NCM Battery Black Mass Annual Revenue by Company (2021-2026)
  3.2.1 Global Recycling of NCM Battery Black Mass Revenue by Company (2021-2026)
  3.2.2 Global Recycling of NCM Battery Black Mass Revenue Market Share by Company (2021-2026)
3.3 Global Recycling of NCM Battery Black Mass Sale Price by Company
3.4 Key Manufacturers Recycling of NCM Battery Black Mass Producing Area Distribution, Sales Area, Product Type
  3.4.1 Key Manufacturers Recycling of NCM Battery Black Mass Product Location Distribution
  3.4.2 Players Recycling of NCM Battery Black Mass Products Offered
3.5 Market Concentration Rate Analysis
  3.5.1 Competition Landscape Analysis
  3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2024-2026)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy

4 WORLD HISTORIC REVIEW FOR RECYCLING OF NCM BATTERY BLACK MASS BY GEOGRAPHIC REGION

4.1 World Historic Recycling of NCM Battery Black Mass Market Size by Geographic Region (2021-2026)
  4.1.1 Global Recycling of NCM Battery Black Mass Annual Sales by Geographic Region (2021-2026)
  4.1.2 Global Recycling of NCM Battery Black Mass Annual Revenue by Geographic Region (2021-2026)
4.2 World Historic Recycling of NCM Battery Black Mass Market Size by Country/Region (2021-2026)
  4.2.1 Global Recycling of NCM Battery Black Mass Annual Sales by Country/Region (2021-2026)
  4.2.2 Global Recycling of NCM Battery Black Mass Annual Revenue by Country/Region (2021-2026)
4.3 Americas Recycling of NCM Battery Black Mass Sales Growth
4.4 APAC Recycling of NCM Battery Black Mass Sales Growth
4.5 Europe Recycling of NCM Battery Black Mass Sales Growth
4.6 Middle East & Africa Recycling of NCM Battery Black Mass Sales Growth

5 AMERICAS

5.1 Americas Recycling of NCM Battery Black Mass Sales by Country
  5.1.1 Americas Recycling of NCM Battery Black Mass Sales by Country (2021-2026)
  5.1.2 Americas Recycling of NCM Battery Black Mass Revenue by Country (2021-2026)
5.2 Americas Recycling of NCM Battery Black Mass Sales by Type (2021-2026)
5.3 Americas Recycling of NCM Battery Black Mass Sales by Application (2021-2026)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil

6 APAC

6.1 APAC Recycling of NCM Battery Black Mass Sales by Region
  6.1.1 APAC Recycling of NCM Battery Black Mass Sales by Region (2021-2026)
  6.1.2 APAC Recycling of NCM Battery Black Mass Revenue by Region (2021-2026)
6.2 APAC Recycling of NCM Battery Black Mass Sales by Type (2021-2026)
6.3 APAC Recycling of NCM Battery Black Mass Sales by Application (2021-2026)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan

7 EUROPE

7.1 Europe Recycling of NCM Battery Black Mass by Country
  7.1.1 Europe Recycling of NCM Battery Black Mass Sales by Country (2021-2026)
  7.1.2 Europe Recycling of NCM Battery Black Mass Revenue by Country (2021-2026)
7.2 Europe Recycling of NCM Battery Black Mass Sales by Type (2021-2026)
7.3 Europe Recycling of NCM Battery Black Mass Sales by Application (2021-2026)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia

8 MIDDLE EAST & AFRICA

8.1 Middle East & Africa Recycling of NCM Battery Black Mass by Country
  8.1.1 Middle East & Africa Recycling of NCM Battery Black Mass Sales by Country (2021-2026)
  8.1.2 Middle East & Africa Recycling of NCM Battery Black Mass Revenue by Country (2021-2026)
8.2 Middle East & Africa Recycling of NCM Battery Black Mass Sales by Type (2021-2026)
8.3 Middle East & Africa Recycling of NCM Battery Black Mass Sales by Application (2021-2026)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 MARKET DRIVERS, CHALLENGES AND TRENDS

9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends

10 MANUFACTURING COST STRUCTURE ANALYSIS

10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Recycling of NCM Battery Black Mass
10.3 Manufacturing Process Analysis of Recycling of NCM Battery Black Mass
10.4 Industry Chain Structure of Recycling of NCM Battery Black Mass

11 MARKETING, DISTRIBUTORS AND CUSTOMER

11.1 Sales Channel
  11.1.1 Direct Channels
  11.1.2 Indirect Channels
11.2 Recycling of NCM Battery Black Mass Distributors
11.3 Recycling of NCM Battery Black Mass Customer

12 WORLD FORECAST REVIEW FOR RECYCLING OF NCM BATTERY BLACK MASS BY GEOGRAPHIC REGION

12.1 Global Recycling of NCM Battery Black Mass Market Size Forecast by Region
  12.1.1 Global Recycling of NCM Battery Black Mass Forecast by Region (2027-2032)
  12.1.2 Global Recycling of NCM Battery Black Mass Annual Revenue Forecast by Region (2027-2032)
12.2 Americas Forecast by Country (2027-2032)
12.3 APAC Forecast by Region (2027-2032)
12.4 Europe Forecast by Country (2027-2032)
12.5 Middle East & Africa Forecast by Country (2027-2032)
12.6 Global Recycling of NCM Battery Black Mass Forecast by Type (2027-2032)
12.7 Global Recycling of NCM Battery Black Mass Forecast by Application (2027-2032)

13 KEY PLAYERS ANALYSIS

13.1 Brunp Recycling
  13.1.1 Brunp Recycling Company Information
  13.1.2 Brunp Recycling Recycling of NCM Battery Black Mass Product Portfolios and Specifications
  13.1.3 Brunp Recycling Recycling of NCM Battery Black Mass Sales, Revenue, Price and Gross Margin (2021-2026)
  13.1.4 Brunp Recycling Main Business Overview
  13.1.5 Brunp Recycling Latest Developments
13.2 Ganfeng Lithium
  13.2.1 Ganfeng Lithium Company Information
  13.2.2 Ganfeng Lithium Recycling of NCM Battery Black Mass Product Portfolios and Specifications
  13.2.3 Ganfeng Lithium Recycling of NCM Battery Black Mass Sales, Revenue, Price and Gross Margin (2021-2026)
  13.2.4 Ganfeng Lithium Main Business Overview
  13.2.5 Ganfeng Lithium Latest Developments
13.3 GEM
  13.3.1 GEM Company Information
  13.3.2 GEM Recycling of NCM Battery Black Mass Product Portfolios and Specifications
  13.3.3 GEM Recycling of NCM Battery Black Mass Sales, Revenue, Price and Gross Margin (2021-2026)
  13.3.4 GEM Main Business Overview
  13.3.5 GEM Latest Developments
13.4 Miracle Automation Engineering
  13.4.1 Miracle Automation Engineering Company Information
  13.4.2 Miracle Automation Engineering Recycling of NCM Battery Black Mass Product Portfolios and Specifications
  13.4.3 Miracle Automation Engineering Recycling of NCM Battery Black Mass Sales, Revenue, Price and Gross Margin (2021-2026)
  13.4.4 Miracle Automation Engineering Main Business Overview
  13.4.5 Miracle Automation Engineering Latest Developments
13.5 Redwood Materials
  13.5.1 Redwood Materials Company Information
  13.5.2 Redwood Materials Recycling of NCM Battery Black Mass Product Portfolios and Specifications
  13.5.3 Redwood Materials Recycling of NCM Battery Black Mass Sales, Revenue, Price and Gross Margin (2021-2026)
  13.5.4 Redwood Materials Main Business Overview
  13.5.5 Redwood Materials Latest Developments
13.6 Glencore
  13.6.1 Glencore Company Information
  13.6.2 Glencore Recycling of NCM Battery Black Mass Product Portfolios and Specifications
  13.6.3 Glencore Recycling of NCM Battery Black Mass Sales, Revenue, Price and Gross Margin (2021-2026)
  13.6.4 Glencore Main Business Overview
  13.6.5 Glencore Latest Developments
13.7 Ganzhou Longkai Technology
  13.7.1 Ganzhou Longkai Technology Company Information
  13.7.2 Ganzhou Longkai Technology Recycling of NCM Battery Black Mass Product Portfolios and Specifications
  13.7.3 Ganzhou Longkai Technology Recycling of NCM Battery Black Mass Sales, Revenue, Price and Gross Margin (2021-2026)
  13.7.4 Ganzhou Longkai Technology Main Business Overview
  13.7.5 Ganzhou Longkai Technology Latest Developments
13.8 Huayou Cobalt
  13.8.1 Huayou Cobalt Company Information
  13.8.2 Huayou Cobalt Recycling of NCM Battery Black Mass Product Portfolios and Specifications
  13.8.3 Huayou Cobalt Recycling of NCM Battery Black Mass Sales, Revenue, Price and Gross Margin (2021-2026)
  13.8.4 Huayou Cobalt Main Business Overview
  13.8.5 Huayou Cobalt Latest Developments
13.9 Umicore
  13.9.1 Umicore Company Information
  13.9.2 Umicore Recycling of NCM Battery Black Mass Product Portfolios and Specifications
  13.9.3 Umicore Recycling of NCM Battery Black Mass Sales, Revenue, Price and Gross Margin (2021-2026)
  13.9.4 Umicore Main Business Overview
  13.9.5 Umicore Latest Developments
13.10 SungEel HiTech
  13.10.1 SungEel HiTech Company Information
  13.10.2 SungEel HiTech Recycling of NCM Battery Black Mass Product Portfolios and Specifications
  13.10.3 SungEel HiTech Recycling of NCM Battery Black Mass Sales, Revenue, Price and Gross Margin (2021-2026)
  13.10.4 SungEel HiTech Main Business Overview
  13.10.5 SungEel HiTech Latest Developments

14 RESEARCH FINDINGS AND CONCLUSION



LIST OF TABLES

Table 1. Recycling of NCM Battery Black Mass Annual Sales CAGR by Geographic Region (2021, 2025 & 2032) & ($ millions)
Table 2. Recycling of NCM Battery Black Mass Annual Sales CAGR by Country/Region (2021, 2025 & 2032) & ($ millions)
Table 3. Major Players of NCM523
Table 4. Major Players of NCM622
Table 5. Major Players of Others
Table 6. Global Recycling of NCM Battery Black Mass Sales by Type (2021-2026) & (Tons)
Table 7. Global Recycling of NCM Battery Black Mass Sales Market Share by Type (2021-2026)
Table 8. Global Recycling of NCM Battery Black Mass Revenue by Type (2021-2026) & ($ million)
Table 9. Global Recycling of NCM Battery Black Mass Revenue Market Share by Type (2021-2026)
Table 10. Global Recycling of NCM Battery Black Mass Sale Price by Type (2021-2026) & (US$/Ton)
Table 11. Major Players of Pyrometallurgical Smelting
Table 12. Major Players of Hydrometallurgical Recovery
Table 13. Global Recycling of NCM Battery Black Mass Sales by Technology (2021-2026) & (Tons)
Table 14. Global Recycling of NCM Battery Black Mass Sales Market Share by Technology (2021-2026)
Table 15. Global Recycling of NCM Battery Black Mass Revenue by Technology (2021-2026) & ($ million)
Table 16. Global Recycling of NCM Battery Black Mass Revenue Market Share by Technology (2021-2026)
Table 17. Global Recycling of NCM Battery Black Mass Sale Price by Technology (2021-2026) & (US$/Ton)
Table 18. Major Players of Li?4%
Table 19. Major Players of Li?4%
Table 20. Global Recycling of NCM Battery Black Mass Sales by Content (2021-2026) & (Tons)
Table 21. Global Recycling of NCM Battery Black Mass Sales Market Share by Content (2021-2026)
Table 22. Global Recycling of NCM Battery Black Mass Revenue by Content (2021-2026) & ($ million)
Table 23. Global Recycling of NCM Battery Black Mass Revenue Market Share by Content (2021-2026)
Table 24. Global Recycling of NCM Battery Black Mass Sale Price by Content (2021-2026) & (US$/Ton)
Table 25. Global Recycling of NCM Battery Black Mass Sale by Application (2021-2026) & (Tons)
Table 26. Global Recycling of NCM Battery Black Mass Sale Market Share by Application (2021-2026)
Table 27. Global Recycling of NCM Battery Black Mass Revenue by Application (2021-2026) & ($ million)
Table 28. Global Recycling of NCM Battery Black Mass Revenue Market Share by Application (2021-2026)
Table 29. Global Recycling of NCM Battery Black Mass Sale Price by Application (2021-2026) & (US$/Ton)
Table 30. Global Recycling of NCM Battery Black Mass Sales by Company (2021-2026) & (Tons)
Table 31. Global Recycling of NCM Battery Black Mass Sales Market Share by Company (2021-2026)
Table 32. Global Recycling of NCM Battery Black Mass Revenue by Company (2021-2026) & ($ millions)
Table 33. Global Recycling of NCM Battery Black Mass Revenue Market Share by Company (2021-2026)
Table 34. Global Recycling of NCM Battery Black Mass Sale Price by Company (2021-2026) & (US$/Ton)
Table 35. Key Manufacturers Recycling of NCM Battery Black Mass Producing Area Distribution and Sales Area
Table 36. Players Recycling of NCM Battery Black Mass Products Offered
Table 37. Recycling of NCM Battery Black Mass Concentration Ratio (CR3, CR5 and CR10) & (2024-2026)
Table 38. New Products and Potential Entrants
Table 39. Market M&A Activity & Strategy
Table 40. Global Recycling of NCM Battery Black Mass Sales by Geographic Region (2021-2026) & (Tons)
Table 41. Global Recycling of NCM Battery Black Mass Sales Market Share Geographic Region (2021-2026)
Table 42. Global Recycling of NCM Battery Black Mass Revenue by Geographic Region (2021-2026) & ($ millions)
Table 43. Global Recycling of NCM Battery Black Mass Revenue Market Share by Geographic Region (2021-2026)
Table 44. Global Recycling of NCM Battery Black Mass Sales by Country/Region (2021-2026) & (Tons)
Table 45. Global Recycling of NCM Battery Black Mass Sales Market Share by Country/Region (2021-2026)
Table 46. Global Recycling of NCM Battery Black Mass Revenue by Country/Region (2021-2026) & ($ millions)
Table 47. Global Recycling of NCM Battery Black Mass Revenue Market Share by Country/Region (2021-2026)
Table 48. Americas Recycling of NCM Battery Black Mass Sales by Country (2021-2026) & (Tons)
Table 49. Americas Recycling of NCM Battery Black Mass Sales Market Share by Country (2021-2026)
Table 50. Americas Recycling of NCM Battery Black Mass Revenue by Country (2021-2026) & ($ millions)
Table 51. Americas Recycling of NCM Battery Black Mass Sales by Type (2021-2026) & (Tons)
Table 52. Americas Recycling of NCM Battery Black Mass Sales by Application (2021-2026) & (Tons)
Table 53. APAC Recycling of NCM Battery Black Mass Sales by Region (2021-2026) & (Tons)
Table 54. APAC Recycling of NCM Battery Black Mass Sales Market Share by Region (2021-2026)
Table 55. APAC Recycling of NCM Battery Black Mass Revenue by Region (2021-2026) & ($ millions)
Table 56. APAC Recycling of NCM Battery Black Mass Sales by Type (2021-2026) & (Tons)
Table 57. APAC Recycling of NCM Battery Black Mass Sales by Application (2021-2026) & (Tons)
Table 58. Europe Recycling of NCM Battery Black Mass Sales by Country (2021-2026) & (Tons)
Table 59. Europe Recycling of NCM Battery Black Mass Revenue by Country (2021-2026) & ($ millions)
Table 60. Europe Recycling of NCM Battery Black Mass Sales by Type (2021-2026) & (Tons)
Table 61. Europe Recycling of NCM Battery Black Mass Sales by Application (2021-2026) & (Tons)
Table 62. Middle East & Africa Recycling of NCM Battery Black Mass Sales by Country (2021-2026) & (Tons)
Table 63. Middle East & Africa Recycling of NCM Battery Black Mass Revenue Market Share by Country (2021-2026)
Table 64. Middle East & Africa Recycling of NCM Battery Black Mass Sales by Type (2021-2026) & (Tons)
Table 65. Middle East & Africa Recycling of NCM Battery Black Mass Sales by Application (2021-2026) & (Tons)
Table 66. Key Market Drivers & Growth Opportunities of Recycling of NCM Battery Black Mass
Table 67. Key Market Challenges & Risks of Recycling of NCM Battery Black Mass
Table 68. Key Industry Trends of Recycling of NCM Battery Black Mass
Table 69. Recycling of NCM Battery Black Mass Raw Material
Table 70. Key Suppliers of Raw Materials
Table 71. Recycling of NCM Battery Black Mass Distributors List
Table 72. Recycling of NCM Battery Black Mass Customer List
Table 73. Global Recycling of NCM Battery Black Mass Sales Forecast by Region (2027-2032) & (Tons)
Table 74. Global Recycling of NCM Battery Black Mass Revenue Forecast by Region (2027-2032) & ($ millions)
Table 75. Americas Recycling of NCM Battery Black Mass Sales Forecast by Country (2027-2032) & (Tons)
Table 76. Americas Recycling of NCM Battery Black Mass Annual Revenue Forecast by Country (2027-2032) & ($ millions)
Table 77. APAC Recycling of NCM Battery Black Mass Sales Forecast by Region (2027-2032) & (Tons)
Table 78. APAC Recycling of NCM Battery Black Mass Annual Revenue Forecast by Region (2027-2032) & ($ millions)
Table 79. Europe Recycling of NCM Battery Black Mass Sales Forecast by Country (2027-2032) & (Tons)
Table 80. Europe Recycling of NCM Battery Black Mass Revenue Forecast by Country (2027-2032) & ($ millions)
Table 81. Middle East & Africa Recycling of NCM Battery Black Mass Sales Forecast by Country (2027-2032) & (Tons)
Table 82. Middle East & Africa Recycling of NCM Battery Black Mass Revenue Forecast by Country (2027-2032) & ($ millions)
Table 83. Global Recycling of NCM Battery Black Mass Sales Forecast by Type (2027-2032) & (Tons)
Table 84. Global Recycling of NCM Battery Black Mass Revenue Forecast by Type (2027-2032) & ($ millions)
Table 85. Global Recycling of NCM Battery Black Mass Sales Forecast by Application (2027-2032) & (Tons)
Table 86. Global Recycling of NCM Battery Black Mass Revenue Forecast by Application (2027-2032) & ($ millions)
Table 87. Brunp Recycling Basic Information, Recycling of NCM Battery Black Mass Manufacturing Base, Sales Area and Its Competitors
Table 88. Brunp Recycling Recycling of NCM Battery Black Mass Product Portfolios and Specifications
Table 89. Brunp Recycling Recycling of NCM Battery Black Mass Sales (Tons), Revenue ($ Million), Price (US$/Ton) and Gross Margin (2021-2026)
Table 90. Brunp Recycling Main Business
Table 91. Brunp Recycling Latest Developments
Table 92. Ganfeng Lithium Basic Information, Recycling of NCM Battery Black Mass Manufacturing Base, Sales Area and Its Competitors
Table 93. Ganfeng Lithium Recycling of NCM Battery Black Mass Product Portfolios and Specifications
Table 94. Ganfeng Lithium Recycling of NCM Battery Black Mass Sales (Tons), Revenue ($ Million), Price (US$/Ton) and Gross Margin (2021-2026)
Table 95. Ganfeng Lithium Main Business
Table 96. Ganfeng Lithium Latest Developments
Table 97. GEM Basic Information, Recycling of NCM Battery Black Mass Manufacturing Base, Sales Area and Its Competitors
Table 98. GEM Recycling of NCM Battery Black Mass Product Portfolios and Specifications
Table 99. GEM Recycling of NCM Battery Black Mass Sales (Tons), Revenue ($ Million), Price (US$/Ton) and Gross Margin (2021-2026)
Table 100. GEM Main Business
Table 101. GEM Latest Developments
Table 102. Miracle Automation Engineering Basic Information, Recycling of NCM Battery Black Mass Manufacturing Base, Sales Area and Its Competitors
Table 103. Miracle Automation Engineering Recycling of NCM Battery Black Mass Product Portfolios and Specifications
Table 104. Miracle Automation Engineering Recycling of NCM Battery Black Mass Sales (Tons), Revenue ($ Million), Price (US$/Ton) and Gross Margin (2021-2026)
Table 105. Miracle Automation Engineering Main Business
Table 106. Miracle Automation Engineering Latest Developments
Table 107. Redwood Materials Basic Information, Recycling of NCM Battery Black Mass Manufacturing Base, Sales Area and Its Competitors
Table 108. Redwood Materials Recycling of NCM Battery Black Mass Product Portfolios and Specifications
Table 109. Redwood Materials Recycling of NCM Battery Black Mass Sales (Tons), Revenue ($ Million), Price (US$/Ton) and Gross Margin (2021-2026)
Table 110. Redwood Materials Main Business
Table 111. Redwood Materials Latest Developments
Table 112. Glencore Basic Information, Recycling of NCM Battery Black Mass Manufacturing Base, Sales Area and Its Competitors
Table 113. Glencore Recycling of NCM Battery Black Mass Product Portfolios and Specifications
Table 114. Glencore Recycling of NCM Battery Black Mass Sales (Tons), Revenue ($ Million), Price (US$/Ton) and Gross Margin (2021-2026)
Table 115. Glencore Main Business
Table 116. Glencore Latest Developments
Table 117. Ganzhou Longkai Technology Basic Information, Recycling of NCM Battery Black Mass Manufacturing Base, Sales Area and Its Competitors
Table 118. Ganzhou Longkai Technology Recycling of NCM Battery Black Mass Product Portfolios and Specifications
Table 119. Ganzhou Longkai Technology Recycling of NCM Battery Black Mass Sales (Tons), Revenue ($ Million), Price (US$/Ton) and Gross Margin (2021-2026)
Table 120. Ganzhou Longkai Technology Main Business
Table 121. Ganzhou Longkai Technology Latest Developments
Table 122. Huayou Cobalt Basic Information, Recycling of NCM Battery Black Mass Manufacturing Base, Sales Area and Its Competitors
Table 123. Huayou Cobalt Recycling of NCM Battery Black Mass Product Portfolios and Specifications
Table 124. Huayou Cobalt Recycling of NCM Battery Black Mass Sales (Tons), Revenue ($ Million), Price (US$/Ton) and Gross Margin (2021-2026)
Table 125. Huayou Cobalt Main Business
Table 126. Huayou Cobalt Latest Developments
Table 127. Umicore Basic Information, Recycling of NCM Battery Black Mass Manufacturing Base, Sales Area and Its Competitors
Table 128. Umicore Recycling of NCM Battery Black Mass Product Portfolios and Specifications
Table 129. Umicore Recycling of NCM Battery Black Mass Sales (Tons), Revenue ($ Million), Price (US$/Ton) and Gross Margin (2021-2026)
Table 130. Umicore Main Business
Table 131. Umicore Latest Developments
Table 132. SungEel HiTech Basic Information, Recycling of NCM Battery Black Mass Manufacturing Base, Sales Area and Its Competitors
Table 133. SungEel HiTech Recycling of NCM Battery Black Mass Product Portfolios and Specifications
Table 134. SungEel HiTech Recycling of NCM Battery Black Mass Sales (Tons), Revenue ($ Million), Price (US$/Ton) and Gross Margin (2021-2026)
Table 135. SungEel HiTech Main Business
Table 136. SungEel HiTech Latest Developments

LIST OF FIGURES

Figure 1. Picture of Recycling of NCM Battery Black Mass
Figure 2. Recycling of NCM Battery Black Mass Report Years Considered
Figure 3. Research Objectives
Figure 4. Research Methodology
Figure 5. Research Process and Data Source
Figure 6. Global Recycling of NCM Battery Black Mass Sales Growth Rate 2021-2032 (Tons)
Figure 7. Global Recycling of NCM Battery Black Mass Revenue Growth Rate 2021-2032 ($ millions)
Figure 8. Recycling of NCM Battery Black Mass Sales by Geographic Region (2021, 2025 & 2032) & ($ millions)
Figure 9. Recycling of NCM Battery Black Mass Sales Market Share by Country/Region (2025)
Figure 10. Recycling of NCM Battery Black Mass Sales Market Share by Country/Region (2021, 2025 & 2032)
Figure 11. Product Picture of NCM523
Figure 12. Product Picture of NCM622
Figure 13. Product Picture of Others
Figure 14. Global Recycling of NCM Battery Black Mass Sales Market Share by Type in 2026
Figure 15. Global Recycling of NCM Battery Black Mass Revenue Market Share by Type (2021-2026)
Figure 16. Product Picture of Pyrometallurgical Smelting
Figure 17. Product Picture of Hydrometallurgical Recovery
Figure 18. Global Recycling of NCM Battery Black Mass Sales Market Share by Technology in 2026
Figure 19. Global Recycling of NCM Battery Black Mass Revenue Market Share by Technology (2021-2026)
Figure 20. Product Picture of Li?4%
Figure 21. Product Picture of Li?4%
Figure 22. Global Recycling of NCM Battery Black Mass Sales Market Share by Content in 2026
Figure 23. Global Recycling of NCM Battery Black Mass Revenue Market Share by Content (2021-2026)
Figure 24. Recycling of NCM Battery Black Mass Consumed in Power Battery
Figure 25. Global Recycling of NCM Battery Black Mass Market: Power Battery (2021-2026) & (Tons)
Figure 26. Recycling of NCM Battery Black Mass Consumed in Energy Storage Battery
Figure 27. Global Recycling of NCM Battery Black Mass Market: Energy Storage Battery (2021-2026) & (Tons)
Figure 28. Recycling of NCM Battery Black Mass Consumed in Others
Figure 29. Global Recycling of NCM Battery Black Mass Market: Others (2021-2026) & (Tons)
Figure 30. Global Recycling of NCM Battery Black Mass Sale Market Share by Application (2025)
Figure 31. Global Recycling of NCM Battery Black Mass Revenue Market Share by Application in 2025
Figure 32. Recycling of NCM Battery Black Mass Sales by Company in 2025 (Tons)
Figure 33. Global Recycling of NCM Battery Black Mass Sales Market Share by Company in 2025
Figure 34. Recycling of NCM Battery Black Mass Revenue by Company in 2025 ($ millions)
Figure 35. Global Recycling of NCM Battery Black Mass Revenue Market Share by Company in 2025
Figure 36. Global Recycling of NCM Battery Black Mass Sales Market Share by Geographic Region (2021-2026)
Figure 37. Global Recycling of NCM Battery Black Mass Revenue Market Share by Geographic Region in 2025
Figure 38. Americas Recycling of NCM Battery Black Mass Sales 2021-2026 (Tons)
Figure 39. Americas Recycling of NCM Battery Black Mass Revenue 2021-2026 ($ millions)
Figure 40. APAC Recycling of NCM Battery Black Mass Sales 2021-2026 (Tons)
Figure 41. APAC Recycling of NCM Battery Black Mass Revenue 2021-2026 ($ millions)
Figure 42. Europe Recycling of NCM Battery Black Mass Sales 2021-2026 (Tons)
Figure 43. Europe Recycling of NCM Battery Black Mass Revenue 2021-2026 ($ millions)
Figure 44. Middle East & Africa Recycling of NCM Battery Black Mass Sales 2021-2026 (Tons)
Figure 45. Middle East & Africa Recycling of NCM Battery Black Mass Revenue 2021-2026 ($ millions)
Figure 46. Americas Recycling of NCM Battery Black Mass Sales Market Share by Country in 2025
Figure 47. Americas Recycling of NCM Battery Black Mass Revenue Market Share by Country (2021-2026)
Figure 48. Americas Recycling of NCM Battery Black Mass Sales Market Share by Type (2021-2026)
Figure 49. Americas Recycling of NCM Battery Black Mass Sales Market Share by Application (2021-2026)
Figure 50. United States Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 51. Canada Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 52. Mexico Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 53. Brazil Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 54. APAC Recycling of NCM Battery Black Mass Sales Market Share by Region in 2025
Figure 55. APAC Recycling of NCM Battery Black Mass Revenue Market Share by Region (2021-2026)
Figure 56. APAC Recycling of NCM Battery Black Mass Sales Market Share by Type (2021-2026)
Figure 57. APAC Recycling of NCM Battery Black Mass Sales Market Share by Application (2021-2026)
Figure 58. China Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 59. Japan Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 60. South Korea Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 61. Southeast Asia Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 62. India Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 63. Australia Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 64. China Taiwan Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 65. Europe Recycling of NCM Battery Black Mass Sales Market Share by Country in 2025
Figure 66. Europe Recycling of NCM Battery Black Mass Revenue Market Share by Country (2021-2026)
Figure 67. Europe Recycling of NCM Battery Black Mass Sales Market Share by Type (2021-2026)
Figure 68. Europe Recycling of NCM Battery Black Mass Sales Market Share by Application (2021-2026)
Figure 69. Germany Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 70. France Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 71. UK Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 72. Italy Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 73. Russia Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 74. Middle East & Africa Recycling of NCM Battery Black Mass Sales Market Share by Country (2021-2026)
Figure 75. Middle East & Africa Recycling of NCM Battery Black Mass Sales Market Share by Type (2021-2026)
Figure 76. Middle East & Africa Recycling of NCM Battery Black Mass Sales Market Share by Application (2021-2026)
Figure 77. Egypt Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 78. South Africa Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 79. Israel Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 80. Turkey Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 81. GCC Countries Recycling of NCM Battery Black Mass Revenue Growth 2021-2026 ($ millions)
Figure 82. Manufacturing Cost Structure Analysis of Recycling of NCM Battery Black Mass in 2026
Figure 83. Manufacturing Process Analysis of Recycling of NCM Battery Black Mass
Figure 84. Industry Chain Structure of Recycling of NCM Battery Black Mass
Figure 85. Channels of Distribution
Figure 86. Global Recycling of NCM Battery Black Mass Sales Market Forecast by Region (2027-2032)
Figure 87. Global Recycling of NCM Battery Black Mass Revenue Market Share Forecast by Region (2027-2032)
Figure 88. Global Recycling of NCM Battery Black Mass Sales Market Share Forecast by Type (2027-2032)
Figure 89. Global Recycling of NCM Battery Black Mass Revenue Market Share Forecast by Type (2027-2032)
Figure 90. Global Recycling of NCM Battery Black Mass Sales Market Share Forecast by Application (2027-2032)
Figure 91. Global Recycling of NCM Battery Black Mass Revenue Market Share Forecast by Application (2027-2032)