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United States Recovery of Cobalt and Nickel from Spent EV Batteries Through Hydrometallurgy Market Growth, Forecast & Key Players

Global recovery of cobalt and nickel from spent EV batteries through hydrometallurgy reached a market valuation of USD 1.19 billion in 2025, a figure that reflects the worldwide shift toward circular material strategies within the battery supply chain. Within this global context, the United States-accounting for roughly 15 % of worldwide recycling capacity-contributed an estimated USD 179 million in 2025. The United States market is projected to expand from USD 192 million in 2026 to USD 348 million by 2034, marking a compound annual growth rate (CAGR) of 8.9 % over the forecast period.

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