The current world supply of rare earth metals is not sufficient to deliver the change from the internal combustion engine, let alone the growth in consumer products that require ever-more portable and powerful batteries.
Leading scientists at the Natural History Museum recently calculated that meeting only the UK's targets for electric cars by 2050 would require nearly twice the world's current output of cobalt and a 650% increase in lithium output by 2027.
With no efficient method to recycle all the metals in lithium-ion batteries, most are lost at end of life.
To meet future demand, mining companies are now investigating deep-sea strip-mining as the next source for raw materials.
Meanwhile, existing solutions to recover rare earth metals from waste batteries use high temperature separation or acid extraction - environmentally unfriendly and hazardous processes yielding poor recovery rates.
A viable, environmentally friendly and commercial solution to recover and reuse these rare earth metals must be found soon to meet future demand and to help limit further irreversible damage to our environment.
The CellMine process is set to be a disruptive technology in battery recycling, able to selectively target and recover the vast majority of high-value and high-volume metals within a lithium-ion cell, including cobalt, lithium and manganese.
The process promises to be environmentally friendly, low-impact and low cost, ultimately helping to enable the future of lithium-ion battery manufacture in the UK.
Impact Solutions will be partnering with St Andrews University on the project, which is uniquely positioned at the forefront of battery research and development.
On completion in 2021, CellMine is set to leave the lab bench and be commercially scaled up with hopes that it can place the UK as the centre of battery manufacture and recovery.