The Global Recycled Cobalt Market was valued at USD 1,608 Million in 2025 and is projected to reach USD 3,876 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period (2025–2034). This explosive growth is being driven by the global electric vehicle (EV) revolution, stringent ESG mandates, and major corporate commitments like Apple’s pledge to use 100% recycled cobalt in its batteries by 2025.

As the world transitions to a more sustainable and circular economy, the demand for critical battery metals like cobalt is soaring. In this blog, we profile the Top 10 Companies in the Recycled Cobalt Industry—specialized recyclers, integrated material suppliers, and innovative startups that are building the closed-loop supply chains essential for the future of clean energy and transportation.

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🔟 1. GEM Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Battery-grade cobalt salts, cathode precursors, comprehensive battery recycling

GEM is a global leader in the circular economy, operating one of the world’s largest battery recycling and cobalt recovery networks. The company has established a fully integrated system from waste collection to the production of high-purity materials for new batteries, serving major battery manufacturers worldwide.

Sustainability Initiatives:

• Targeting the recycling of over 30% of China’s retired power batteries by 2025

• Pioneering urban mining models to transform waste into high-value resources

• Strategic partnerships with EV manufacturers for end-of-life battery take-back programs

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9️⃣ 2. Umicore

Headquarters: Brussels, Belgium
Key Offering: High-purity cobalt chemicals, cathode materials, closed-loop recycling services

Umicore is a global materials technology and recycling group with a strong foothold in the European market. Its proprietary hydrometallurgical technology enables the recovery of cobalt, nickel, and lithium from spent lithium-ion batteries with high efficiency and purity, supplying cathode material producers and automotive OEMs.

Sustainability Initiatives:

• Commitment to carbon-neutral operations by 2035

• Development of low-carbon footprint cathode materials using recycled content

• Active participation in EU battery regulation implementation and standardization

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8️⃣ 3. Huayou Holding Group

Headquarters: Tongxiang, Zhejiang, China
Key Offering: Recycled cobalt intermediates, battery-grade cobalt sulfate, precursor materials

Huayou Holding Group is a major player in the global cobalt supply chain, with significant investments in both primary and secondary cobalt sources. Its recycling arm focuses on processing battery production scrap and end-of-life batteries to produce materials that meet the stringent requirements of the lithium-ion battery industry.

Sustainability Initiatives:

• Expanding annual recycling capacity to over 100,000 tons of battery waste

• Implementing traceability systems to ensure responsible sourcing and recycling

• Collaborating with international partners to globalize its recycling operations

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7️⃣ 4. Redwood Materials

Headquarters: Carson City, Nevada, USA
Key Offering: Battery anode and cathode materials, closed-loop recycling solutions

Founded by Tesla co-founder JB Straubel, Redwood Materials is a rapidly scaling North American company focused on creating a circular supply chain for lithium-ion batteries. The company recycles end-of-life batteries and manufacturing scrap to produce strategic materials for domestic battery production.

Sustainability Initiatives:

• Aiming to produce anode and cathode components for 1 million EVs annually by 2025

• Strategic partnerships with major automakers and battery producers for feedstock supply

• Focus on reducing the environmental impact of battery production through localized recycling

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6️⃣ 5. CNGR Advanced Material

Headquarters: Shenzhen, China
Key Offering: Precursor materials, battery-grade cobalt, nickel, and manganese compounds

CNGR is a leading global supplier of new energy materials with a strong focus on recycling. The company leverages its integrated production platform to efficiently recover and reprocess cobalt and other critical metals from battery waste, feeding them back into the production of high-performance cathode precursors.

Sustainability Initiatives:

• Investing in advanced recycling technologies to improve metal recovery rates

• Establishing collection networks for end-of-life batteries and production scrap

• Reducing reliance on primary mined materials through increased recycling capacity

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5️⃣ 6. BRUNP RECYCLING

Headquarters: Hunan, China
Key Offering: Battery recycling services, cobalt and nickel salts, cathode material precursors

BRUNP RECYCLING, a subsidiary of CATL (Contemporary Amperex Technology Co., Limited), is a key player in China’s battery recycling ecosystem. The company specializes in the comprehensive recycling of spent lithium-ion batteries, recovering valuable metals and producing materials for new battery manufacturing.

Sustainability Initiatives:

• Integration with CATL’s global battery production network for seamless material cycling

• Focus on developing efficient, low-energy consumption recycling processes

• Expanding recycling capacity to support the growing volume of retired EV batteries

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4️⃣ 7. Guangdong Guanghua Sci-Tech

Headquarters: Shantou, Guangdong, China
Key Offering: Cobalt oxide, cobalt salts, recycled cobalt intermediates

Guangdong Guanghua Sci-Tech is a prominent manufacturer of cobalt-based products with a growing focus on recycling. The company processes cobalt-containing scrap and waste to produce a range of cobalt compounds used in batteries, alloys, and catalysts, contributing to a more sustainable cobalt supply chain.

Sustainability Initiatives:

• Investing in R&D for more efficient recycling technologies

• Developing processes to handle diverse sources of cobalt-containing waste

• Aligning production with China’s circular economy and carbon neutrality goals

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3️⃣ 8. Miracle Automation Engineering

Headquarters: Wuxi, Jiangsu, China
Key Offering: Automated recycling lines, intelligent recycling solutions, cobalt recovery services

Miracle Automation Engineering specializes in the design and implementation of intelligent recycling systems for lithium-ion batteries. The company provides automated solutions for battery dismantling, sorting, and processing, enabling efficient recovery of cobalt and other valuable materials.

Sustainability Initiatives:

• Focus on improving the safety and efficiency of battery recycling through automation

• Developing smart logistics platforms for battery collection and transportation

• Partnering with recyclers to deploy advanced, scalable recycling infrastructure

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Recycled Cobalt Market – View in Detailed Research Report

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2️⃣ 9. Ganzhou Highpower Technology

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Recycled cobalt products, battery recycling services, cobalt intermediates

Ganzhou Highpower Technology is engaged in the recycling of spent batteries and cobalt-containing waste. The company leverages its location in a major cobalt-producing region to develop efficient recycling processes and supply recycled cobalt to the battery and alloy industries.

Sustainability Initiatives:

• Expanding recycling capacity to process a growing volume of battery waste

• Focus on recovering cobalt from various waste streams, including hard metal scrap

• Contributing to the development of a regional circular economy for critical metals

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1️⃣ 10. TES

Headquarters: Singapore
Key Offering: IT asset disposition, battery recycling, global recycling services

TES is a global leader in IT asset disposition and battery recycling services. The company operates advanced recycling facilities across Asia, Europe, and North America, providing sustainable solutions for the recovery of cobalt and other valuable materials from end-of-life electronics and batteries.

Sustainability Initiatives:

• Operating a global network of ISO-certified recycling facilities

• Implementing strict environmental, health, and safety standards across all operations

• Providing transparent reporting and traceability for recycled materials

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Recycled Cobalt Market – View in Detailed Research Report

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🌍 Outlook: The Future of Recycled Cobalt Is Central to the Green Transition

The recycled cobalt market is undergoing a fundamental transformation. As primary cobalt mining faces geopolitical and ethical challenges, the industry is investing billions in advanced recycling infrastructure, innovative separation technologies, and global collection networks to create a sustainable circular economy.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion in Asia, North America, and Europe to meet EV demand

• Regulatory push for mandatory recycled content in batteries (EU Battery Regulation)

• Digitalization of supply chains for enhanced traceability and material passporting

• Automaker-recycler alliances for closed-loop battery ecosystems

Get Full Report Here:
Recycled Cobalt Market – View in Detailed Research Report

The companies listed above are not only recovering valuable resources—they’re building the foundation for a sustainable energy future where critical materials are continuously cycled and reused.