Though still in its infancy, EV recycling is already profitable and capable of recovering more than 95% of the key minerals.

Initially, the Chilean state will get an estimated 70% of proceeds from new production, rising to 85% from 2031.

The show, which will focus on precious and critical minerals, will run on the mornings of April 29 and 30 via Zoom.

Prices have tanked around 85% over the past 18 months to bottom in the quarter to March 31.

The European Commission has estimated that the EU will require 18 times more lithium in 2030 than in 2020 and fives times more cobalt.

Following the successful nickel sulphate production, SGS continues testing to produce what TMC believes will be the world’s first cobalt sulphate from polymetallic nodules.