The precipitous drop in prices for old corrugated packaging (OCC) continues to reflect a market struggling with oversupply as demand seen during the COVID-19 pandemic e-commerce boom has cooled. substantially.
OCC prices in many regions fell $40 a tonne, according to Pulp & from Fastmarkets RISI. Paper Week “Price Watch” dated September 7, with the Southeast seeing a drop of $45 a ton. The Los Angeles and San Francisco regions suffered the least amount of damage, but still did not escape unscathed, as both faced a price decline of $15 per ton.
Based on RISI pricing data, the average US OCC price per ton is $77, down 29% from August and about 53% lower than a year ago, when the average price was $98 per ton .
Mixed paper has also faced a notable price drop, with the current US average at $18 per ton. That’s down 59 percent from August and nearly 82 percent (81.6 percent) from a year ago, when the average price was $98 a ton.
The decline in demand was reflected in a recent announcement by FedEx when it issued a profit warning based on the decline in the global volume of packages being shipped to customers, and New York-based investment banking firm Jefferies Group , noted a “massive excess inventory” in cardboard.
The bank also reports a sharp drop in carton packaging orders and anticipates manufacturers such as International Paper, Memphis, Tennessee; Packaging Corp. of America, Lake Forest, Ill.; and Westrock, Atlanta will slash prices in the fourth quarter of this year.
With new containerboard capacity expected to come online next year, Jefferies says he expects things to get worse in 2023. Projects like Domtar’s in Kingsport, Tennessee, the conversion of a paper machine from linerless sheetfed printing and writing to produce 100- percent recycled content containerboard is reportedly on the right track, with the Fort Mill, South Carolina-based manufacturer telling the Kingsport Times News that the project “is almost complete”.
Troy Wilson, general manager of the Kingsport plant, told the Kingsport Times News, “All of our major equipment is in place and we expect to resume operations at the plant during the fourth quarter.”
Atlanta-based Pratt Industries also has a $500 million paper mill and box factory under construction in Henderson, Kentucky, on schedule. When the company announced the project, it said it expected construction of the paper mill to be complete by 2023.
A mid-September report from WFIE 14 News in Evansville, Indiana, says the company is still in the process of securing land to build its 700,000-square-foot corrugator plant to produce corrugated sheets and boxes, which it also expects to be complete by next year.
Additionally, Empire Recycled Fiber is in the process of modernizing a facility in Dayton, Ohio, to produce 350,000 tons per year of recycled paperboard and says it expects it to be operational by 2024.
While Bear Island’s conversion of the Cascades in Ashland, Virginia, threatened delays related to high costs and limitations on labor and material availability, the project is still expected to come online early next year, adding to the influx of containerboard capacity on the horizon. .
However, graded office paper (SOP) premiums have remained mostly flat in the most recent RISI update after rising steadily in recent months to the point where several recyclers contacted by Recycling Today reported higher premiums. high they had seen in their careers. .
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Are Tesla batteries recycled?
Tesla can repair any battery that no longer meets a customer’s needs at one of our service centers around the world. None of our discarded lithium-ion batteries go to landfill and 100% is recycled.
Are electric car batteries recyclable? Yes! Once the materials have been recovered, they can be processed and used in the manufacture of new lithium-ion batteries.
Are Tesla batteries hazardous waste?
Currently, many of the massive used batteries (Tesla’s version weighs about 900 pounds) seem to be stored in the hope of larger reuse and recycling markets. But eventually those batteries, along with the toxic chemicals that may leach out, could end up in hazardous waste landfills.
Are Tesla batteries hazardous?
And recycling the battery can be dangerous business, warns materials scientist Dana Thompson of the University of Leicester. Cut too deep into a Tesla cell, or in the wrong place, and you can short-circuit, combust, and release toxic fumes.
How do they dispose of a Tesla battery?
Most of the batteries that Tesla currently recycles are pre-consumer and come to us through R&D and quality control. None of our discarded lithium-ion batteries go to landfill and 100% is recycled. Additionally, Tesla has an internal ecosystem in place to remanufacture batteries that come from the field to our Service Centers.
Are electric car batteries Hazmat?
Lithium batteries are regulated as a hazardous material under the U.S. Department of Transportation (DOT) Hazardous Materials Regulations (HMR; 49 C.F.R., Parts 171-180). The HMR applies to any material that DOT determines may pose an unreasonable risk to health, safety, and property when transported in commerce.
Can Tesla car batteries be recycled?
Tesla lithium-ion batteries can (and are) safely recycled. Tesla is one of the few companies that recycles 100% of its batteries. Recycling is now an economic necessity, as skyrocketing demand for batteries has driven up the price of rare raw materials.
What happens to Tesla car batteries?
According to a 2021 Tesla impact report, when its lithium-ion batteries reach the end of their useful life, they are either remanufactured or recycled. The materials that make up the battery can be refined and put into a new cell, and when that new cell reaches the end of its useful life, it is recycled once more into a new one.
How much does it cost to dispose of a Tesla car battery?
Recycling costs Tesla about $4.50 per pound of battery. Assuming a Tesla battery weighs 1,500 pounds, it costs about $6,750 to recycle an entire Tesla battery pack.
Where are Tesla batteries disposed?
Most of the batteries that Tesla currently recycles are pre-consumer and come to us through R&D and quality control. None of our discarded lithium-ion batteries go to landfill and 100% is recycled. Additionally, Tesla has an internal ecosystem in place to remanufacture batteries that come from the field to our Service Centers.
What happens to old batteries from electric cars?
For the batteries that power them, that won’t be the end of the road. Eventually, automakers and recycling companies want to harvest valuable materials from old electric vehicle batteries to make new ones. But before they are recycled, used batteries could have a second life in the electricity grid.
How much of Tesla’s batteries are recycled?
Tesla factories are already using an internal closed-loop recycling system. This allows all Tesla batteries you receive to be recycled with up to 92% of the raw materials being used again.
What country has most lithium?
Where is lithium available? At 8 million tons, Chile has the largest known lithium reserves in the world. This places the South American country ahead of Australia (2.7 million tons), Argentina (2 million tons) and China (1 million tons).
Which country has the most untapped lithium? Chile has 9.2 million tons of lithium in total. As a result, it ranks first in the list of lithium reserves by country by some distance. However, there are some other countries that also have significant lithium reserves. Australia has the second largest lithium reserves in the world at 5.7 million tons.
Which country is the largest producer of lithium?
Of the top ten countries with the highest concentration of lithium reserves, Chile tops the list, with 9.2 million metric tons (obtained from brines). To read the article, see “Lithium Mining: How New Production Technologies Could Power Global EV”. revolution”, April 12, 2022.
What country has the most lithium 2022?
Lithium reserves: top 4 countries (updated in 2022)
- Chili. Lithium reserves: 9,200,000 MT. …
- Australia. Lithium reserves: 3,800,000 MT. …
- Argentine Lithium Reserves: 2,200,000 MT. …
- Porcelain. Lithium reserves: 1,500,000 MT.
Which country produce lithium most?
| Range | Country | 2018 |
|---|---|---|
| 1 | Australia | 58,800 |
| two | Chili | 17,000 |
| 3 | Porcelain | 7,100 |
| 4 | Argentina | 6,400 |
Which country is the largest producer of lithium 2021?
Top lithium producing countries worldwide 2021 In 2021, Australia was the world leader in terms of lithium mine production, with an estimated production of 55,000 metric tons.
What country has the most lithium 2022?
Lithium reserves: top 4 countries (updated in 2022)
- Chili. Lithium reserves: 9,200,000 MT. …
- Australia. Lithium reserves: 3,800,000 MT. …
- Argentine Lithium Reserves: 2,200,000 MT. …
- Porcelain. Lithium reserves: 1,500,000 MT.
Which countries produce most lithium?
Top lithium producing countries worldwide 2021 In 2021, Australia was the world leader in terms of lithium mine production, with an estimated production of 55,000 metric tons. Chile and China ranked second and third, with lithium production of 26,000 and 14,000 metric tons, respectively.
Which country has the highest deposit of lithium?
At 8 million tons, Chile has the largest known lithium reserves in the world. This places the South American country ahead of Australia (2.7 million tons), Argentina (2 million tons) and China (1 million tons). Within Europe, Portugal has smaller amounts of the valuable raw material.
Where is lithium mined?
Currently, almost all lithium extraction occurs in Australia, Latin America, and China (accounting for a combined 98 percent of production in 2020).
Is lithium mining bad for the environment? According to a Friends of the Earth (FoE) report, lithium mining inevitably damages the soil and causes air pollution. As demand increases, the impacts of mining are “increasingly affecting the communities where this harmful extraction takes place, jeopardizing their access to water,” the report says.
Where is lithium being mined in the US?
Although lithium can be found throughout the United States, there is only one operating mine in the country: the Albemarle Silver Peak mine in Nevada.
Where is the largest lithium mine in the US?
In northwestern Nevada, near the state border with Oregon and deep in a vast sagebrush desert, lies one of the largest known lithium deposits in the US, a treasure buried in the 21st century clean energy quest.
Where are lithium mines in the US?
While there is currently only one operating lithium mine in the US, a number of companies are pushing to get mining projects operational. Lithium Americas is planning a mine in Thacker Pass in northern Nevada, while Australia-based Ioneer USA Corp.
Who is the largest producer of lithium in the US?
Thacker Pass is the largest known lithium resource in the United States, while the LAC project in Argentina would be the largest new brine operation to produce lithium in 20 years.
Which country is rich in lithium?
At 8 million tons, Chile has the largest known lithium reserves in the world. This places the South American country ahead of Australia (2.7 million tons), Argentina (2 million tons) and China (1 million tons). Within Europe, Portugal has smaller amounts of the valuable raw material.
What country has the most lithium 2022?
Lithium reserves: top 4 countries (updated in 2022)
- Chili. Lithium reserves: 9,200,000 MT. …
- Australia. Lithium reserves: 3,800,000 MT. …
- Argentine Lithium Reserves: 2,200,000 MT. …
- Porcelain. Lithium reserves: 1,500,000 MT.
Who is the biggest lithium producer?
The latest data from the US Geological Survey shows that the main lithium producing countries in the world are Australia, Chile and China, with production reaching 55,000 tons, 26,000 tons and 14,000 tons, respectively.
What are the top five countries that produce lithium?
| Range | Country | 2019 |
|---|---|---|
| 1 | Australia | 42,000 |
| two | Chili | 18,000 |
| 3 | Porcelain | 7,500 |
| 4 | Argentina | 6,400 |
Where does Tesla get its lithium?
Tesla buys lithium for its batteries directly from the mines. In the spring of 2022, the company reportedly signed two major contracts with Australian mining operators; specifically, lithium-spodumene concentrate comes from Core and Liontown Resources. In addition, Tesla buys lithium hydroxide from Ganfeng.
Where does Tesla source lithium from?
Tesla and other electric vehicle manufacturers rely heavily on a few different minerals. One of them, lithium, is largely mined, refined and processed by China, although lithium deposits can be found all over the world.
Does Tesla own a lithium mine?
Tesla has never operated a mine, but it is building a lithium processing plant in Texas and may need to build a nickel refinery.
Where does lithium for electric car batteries come from?
The IEA says that more than 80 percent of the world’s lithium is mined in Australia, Chile and China, which alone controls more than half of the world’s processing and refining. The United States has only one open lithium mine, in Nevada, and imports most of its supply from Argentina and Chile.
Are lithium batteries really recycled?
Yes, lithium ion batteries are recyclable, but the process is a bit tricky. This could be the reason why you have a hard time finding a recycling center that processes this type of waste. The first challenge to recycling lithium is that you can’t handle those batteries like any other electronic waste.
Do lithium batteries destroy the environment? Lithium-ion EV car batteries cause water, soil, and air pollution. In addition to using a large amount of water, lithium mining causes water, soil, and air pollution. Toxic chemicals like hydrochloric acid used in the mining process can seep out of evaporation pools and contaminate the surrounding area.
Why are lithium-ion batteries not recycled?
Lithium-ion (Li-ion) batteries and devices containing these batteries should not be disposed of in household waste or recycling bins. They can cause fires during transport or in landfills and recyclers.
Can lithium-ion batteries be recycled?
Therefore, lithium-ion batteries, or those contained in electronic devices, should be recycled at certified electronic battery recyclers that accept batteries rather than disposing of them in the trash or placing them in municipal recycling bins.
Why lithium batteries are not sustainable?
Lithium-ion batteries contain metals like cobalt, nickel, and manganese, which are toxic and can contaminate water supplies and ecosystems if they leak from landfills. Additionally, fires at landfills or battery recycling facilities have been attributed to the improper disposal of lithium-ion batteries.
What percent of lithium-ion batteries are recycled?
Despite the smaller supply of lithium, a study earlier this year in the Journal of the Indian Institute of Science found that less than 1 percent of lithium-ion batteries are recycled in the US and the EU compared to 99 percent for lead-acid batteries, which are most often used in gas-powered vehicles and power grids.
How much of lithium batteries are recycled?
Despite the smaller supply of lithium, a study earlier this year in the Journal of the Indian Institute of Science found that less than 1 percent of lithium-ion batteries are recycled in the US and the EU compared to 99 percent for lead-acid batteries, which are most often used in gas-powered vehicles and power grids.
What percentage of lithium-ion batteries are recycled in the US?
The recovery of waste lithium-ion batteries and their materials through recycling has gained significant attention in recent years. However, the recycling rate of lithium-ion batteries is still low, less than 5%. The main reasons for this are the cost and complexity of recycling methods.
Is lithium 100% recyclable?
While lithium batteries can be recycled, lithium ion batteries are more complex. The recycling process for lithium-ion batteries can be dangerous if recycled incorrectly, as their components make them highly flammable.
What percentage of electric car batteries are recycled?
It is impossible to compile precise figures on the percentage of lithium-ion batteries that are currently recycled, but the value that is often quoted is around 5%. The sector may be small, but it has huge growth potential. “There is already a very strong battery recycling industry in China,” Thomas said.
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