GEM sees opportunities in lithium battery reuse, urban mining
GEM Co Ltd, the listed group involved in urban mining - the recycling of metal, old electronics, batteries and catalytic converters that would otherwise be left to decompose in landfill - said it sees great opportunities in lithium battery reuse as China's new energy car sales rapidly expand.
"Although the economy is somewhat cooling down, one thing keeps growing - waste," said Xu Kaihua, chairman of GEM.
Xu said China has around 6 million metric tons of electronic waste. Every year, the country generates 24 billion waste batteries.
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