Battery supplier Samsung SDI has announced it will recycle cobalt from used smartphone batteries as a way to secure supplies of the metal.
In order to successfully recycle the cobalt-based lithium ion batteries, Samsung SDI is going to buy a stake in a company that specialises in recycling technology. It has not yet revealed who its recycling partner will be.
Another producer of batteries, Umicore, has invested in boosting its capacity to recycle cobalt at its facilities in Olen, Belgium and encouraged other companies reliant on cobalt to follow suit.
Read more: Verdict