As the world accelerates its transition to clean energy, battery technology is becoming increasingly important in the fields of energy storage and electric transportation. Lithium Iron Phosphate (LFP) batteries, known for their high safety, long lifespan, and low cost, have rapidly taken over the electric vehicle (EV) and energy storage systems markets. Although its initial adoption was largely concentrated in China, LFP battery technology is now gaining traction globally as demand expands. However, the LFP battery recycling sector still faces numerous technical and market challenges, including issues of economic viability, policy formulation, resource management, and the coordination of global supply chains. Against this backdrop, this article delves into the core challenges of the LFP battery recycling industry and the potential direction of its future development.
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