Redwood Materials Launches $3.5 Billion Battery Recycling Factory in South Carolina to Boost Critical Mineral Supply for AI and EV Industries
· Source: blockchain.news
In short
Redwood Materials has begun operations at a new $3.5 billion battery recycling facility in South Carolina that can recover 20,000 metric tons of critical minerals annually. This development addresses the urgent need for lithium, cobalt, and nickel supplies essential for AI hardware and electric vehicle batteries. The factory represents a significant step toward strengthening domestic supply chains and enhancing sustainability in AI and EV production.
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Tags: recycling, supply-chain, minerals, batteries, sustainability, manufacturing