The Latin America Lithium-ion Battery Recycling Market was valued at US$ 385 million in 2024 and is projected to reach US$ 625 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period (2024–2030). This growth is being driven by the rapid expansion of electric vehicle adoption, rising volumes of end-of-life batteries from consumer electronics and energy storage systems, and increasing government initiatives focused on circular economy principles and environmental regulations across the region.

As Latin America accelerates its transition toward cleaner energy and sustainable mobility, the spotlight is on the key players who are driving innovation in material recovery, advanced processing technologies, and responsible supply chain management. In this blog, we profile the Top 10 Companies in the Latin America Lithium-ion Battery Recycling Market—a mix of global recyclers, technology providers, and regional operators shaping the future of battery material recovery and resource efficiency.

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🔟 1. Umicore

Headquarters: Brussels, Belgium
Key Offering: Closed-loop battery recycling solutions, cathode materials recovery, and sustainable metal refining

Umicore is a global leader in materials technology with a strong presence in Latin America’s battery recycling sector. The company specializes in recovering high-value metals such as cobalt, nickel, and lithium from spent lithium-ion batteries using advanced hydrometallurgical processes that minimize environmental impact.

Sustainability Initiatives:

• Development of closed-loop recycling systems for EV and industrial batteries

• Partnerships with automotive manufacturers to secure sustainable raw material supply

• Commitment to reducing carbon footprint through efficient recovery technologies

Download FREE Sample Report: Latin America Lithium-ion Battery Recycling Market – View in Detailed Research Report

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9️⃣ 2. Glencore (including Li-Cycle operations)

Headquarters: Baar, Switzerland
Key Offering: Battery black mass processing, lithium-ion battery recycling, and critical metals recovery

Glencore, through its acquisition and integration of Li-Cycle capabilities, has strengthened its position in Latin America by focusing on scalable recycling infrastructure. The company processes end-of-life batteries to recover valuable materials while supporting regional efforts to build domestic circular supply chains.

Sustainability Initiatives:

• Integration of hydrometallurgical technologies for high-purity material recovery

• Strategic collaborations across mining and recycling value chains in the region

• Focus on responsible sourcing and emissions reduction in recycling operations

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8️⃣ 3. Retriev Technologies

Headquarters: Lancaster, Ohio, USA (with Latin America operations)
Key Offering: Lithium-ion battery dismantling, hydrometallurgical processing, and material reclamation services

Retriev Technologies brings extensive experience in battery recycling to Latin America, offering comprehensive services for automotive, industrial, and consumer lithium-ion batteries. The company emphasizes safe handling and high recovery rates of critical metals.

Sustainability Initiatives:

• Advanced processing methods to maximize lithium and cobalt recovery

• Partnerships with local stakeholders to develop collection networks

• Investment in environmentally compliant recycling facilities

Download FREE Sample Report: Latin America Lithium-ion Battery Recycling Market – View in Detailed Research Report

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7️⃣ 4. Li-Cycle Corp (now part of Glencore Battery Recycling)

Headquarters: Toronto, Canada
Key Offering: Spoke & Hub recycling model, black mass production, and lithium recovery

Li-Cycle’s innovative spoke-and-hub model has gained traction in Latin America by enabling decentralized collection and centralized refining. This approach helps address logistical challenges while recovering high-quality battery-grade materials for reuse in new battery production.

Sustainability Initiatives:

• Deployment of low-emission recycling technologies across key markets

• Collaboration with EV manufacturers and energy storage providers

• Support for regional circular economy development goals

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6️⃣ 5. Neometals Ltd

Headquarters: West Perth, Australia
Key Offering: Lithium-ion battery recycling technology, vanadium and lithium recovery processes

Neometals is advancing sustainable recycling solutions tailored for Latin America’s growing battery waste stream. The company focuses on proprietary hydrometallurgical technologies that achieve high recovery efficiencies for lithium, nickel, and other critical materials.

Sustainability Initiatives:

• Development of integrated recycling and refining pathways

• Research into improving material purity for direct battery reuse

• Engagement with local governments on regulatory compliance and infrastructure

Download FREE Sample Report: Latin America Lithium-ion Battery Recycling Market – View in Detailed Research Report

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5️⃣ 6. American Manganese Inc (now RecycLiCo Battery Materials)

Headquarters: Surrey, Canada
Key Offering: Closed-loop lithium-ion battery recycling, high-purity manganese and lithium recovery

American Manganese, operating as RecycLiCo, offers a patented process designed for efficient recovery of battery materials with minimal waste. Its technology is particularly relevant for Latin America’s diverse battery applications in automotive and stationary storage.

Sustainability Initiatives:

• Focus on water-efficient and low-chemical recycling methods

• Strategic alliances to establish local processing capacity

• Contribution to reducing reliance on primary mining for battery metals

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4️⃣ 7. Recupyl

Headquarters: Grenoble, France
Key Offering: Lithium battery recycling, mechanical and hydrometallurgical treatment

Recupyl provides specialized recycling services that emphasize safety and environmental protection. In Latin America, the company supports the development of collection and treatment infrastructure to handle increasing volumes of lithium-ion battery waste from consumer and industrial sources.

Sustainability Initiatives:

• Implementation of safe dismantling and preprocessing techniques

• Partnerships for technology transfer and local capacity building

• Commitment to full traceability in the recycling value chain

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3️⃣ 8. TES-AMM

Headquarters: Singapore (with Latin America presence)
Key Offering: Comprehensive e-waste and battery recycling services, data security, and material recovery

TES-AMM operates across multiple continents and has expanded its battery recycling capabilities in Latin America. The company handles lithium-ion batteries from various applications, ensuring compliance with international environmental standards while recovering valuable resources.

Sustainability Initiatives:

• Integrated e-waste and battery management solutions

• Investment in modern sorting and processing facilities

• Support for corporate clients in achieving sustainability targets

Download FREE Sample Report: Latin America Lithium-ion Battery Recycling Market – View in Detailed Research Report

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2️⃣ 9. Raw Materials Company

Headquarters: Canada (with regional operations)
Key Offering: Lithium battery recycling, hazardous waste management, and material processing

Raw Materials Company focuses on responsible recycling of lithium-ion and other battery chemistries. In Latin America, it contributes by providing technical expertise and supporting the establishment of formal recycling channels amid growing battery waste volumes.

Sustainability Initiatives:

• Emphasis on safe and compliant battery disposal practices

• Development of regional collection and logistics networks

• Promotion of resource recovery to support local manufacturing

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1️⃣ 10. Fortech (Costa Rica-based with regional expansion)

Headquarters: Costa Rica
Key Offering: Industrial-scale lithium-ion battery recycling, EV battery processing, and sustainable material transformation

Fortech is an emerging regional leader with plans for expanded capacity, including facilities in Mexico. The company transforms battery waste into valuable resources using high-tech processes while addressing local logistical and environmental challenges.

Sustainability Initiatives:

• High-capacity processing plants for EV and industrial batteries

• Focus on zero-waste and low-emission recycling methods

• Regional collaboration to strengthen Latin America’s recycling ecosystem

Get Full Report Here: Latin America Lithium-ion Battery Recycling Market – View in Detailed Research Report

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🌍 Outlook: The Future of Lithium-ion Battery Recycling in Latin America Is Circular and Strategic

The Latin America lithium-ion battery recycling market is undergoing a significant transformation. While collection and processing infrastructure is still developing, the region is poised for accelerated growth fueled by policy support, rising EV penetration, and the strategic importance of securing domestic supplies of critical battery materials.

📈 Key Trends Shaping the Market:

• Expansion of collection networks and formal recycling infrastructure in Brazil, Mexico, and Chile

• Regulatory developments promoting extended producer responsibility (EPR) and circular economy practices

• Technological advancements in hydrometallurgical and direct recycling methods to improve recovery rates

• Strategic partnerships between global technology providers and local operators to build regional capacity

Get Full Report Here: Latin America Lithium-ion Battery Recycling Market – View in Detailed Research Report

The companies listed above are not only recovering valuable materials from spent batteries—they are helping build a more resilient and sustainable battery ecosystem across Latin America, supporting the region’s clean energy ambitions for years to come.