Investor Presentaiton
Battery Materials Feedstock Continues to Trend Favorably
Total North America Battery
Materials TAM (1)
Total Europe Battery Materials
TAM(1)
'000 tonnes LIB equivalent/year
1,000
~5x
900
800
700
600
500
400
300
-190
200
100
0
2023
Manufacturing Scrap
-2x
~410
~34
2025
~211
1,200
-900
~7x
1,000
800
600
~394
400
2030
~990
~438
-3x
~365
200
~135
~111
~31
0
2023
2025
Transportation OEMs including Recalls
Energy Storage
Consumer Electronics
2030
Forecast Total Post-Processing
Recycling Capacity (2)
(1) TAM refers to Total Addressable Market; BMI and Li-Cycle estimates as of September 2023; TAM estimates include a 30% scrap rate during ramp-up of a gigafactory followed by an average scrap rate of 10% thereafter and excludes
gigafactories with lower probabilities; (2) Independent source and Li-Cycle estimates for both North America and Europe; recycling capacity includes post processing capacity which is currently not operational/under construction but for which
funding has been raised (52K tonnes in 2025 and 206K tonnes in 2030)
Li-Cycle
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