- In November 2024, commodity trader Trafigura delivered substantial amounts of lead to London Metal Exchange (LME) warehouses in Singapore. This move was part of lucrative rent-sharing deals, contributing to LME lead inventories reaching 276,250 metric tons on November 18, the highest in over 11 years
- Amara Raja Energy and Mobility Ltd announced plans to start commercial operations at its greenfield lead-acid battery recycling plant in Tamil Nadu by the end of November 2024. The facility, with an initial capacity of 100,000 metric tons per annum, aims to cater to 25-30% of the company's overall raw material requirements
- In December 2024, LICO Materials inaugurated India's largest battery recycling facility in Bengaluru. The plant has an initial capacity of 4 GWh, scalable to 10 GWh, and is designed to recycle and repurpose 17,500 metric tons of batteries annually, supporting India's growing EV market and reducing reliance on critical material imports
- BatX Energies opened a lithium battery recycling and critical minerals extraction plant in Uttar Pradesh, India, in December 2024. The facility uses hydrometallurgical processes to extract materials such as lithium, cobalt, nickel, and manganese from used lithium-ion batteries, contributing to sustainable industrial practices
- In January 2025, Ace Green Recycling announced plans to build India's largest lithium iron phosphate (LFP) battery recycling facility in Mundra, Gujarat. The plant is expected to process 10,000 metric tons of LFP batteries annually by 2026, utilizing zero-emission technology and creating approximately 50 local jobs
