Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

3 Battery Recycling Stocks to Consider Adding to Your Renewable Energy Portfolio

Published 12/21/2021, 03:10 PM
Updated 12/21/2021, 04:31 PM
© Reuters.  3 Battery Recycling Stocks to Consider Adding to Your Renewable Energy Portfolio

© Reuters. 3 Battery Recycling Stocks to Consider Adding to Your Renewable Energy Portfolio

Governments around the globe are emphasizing clean energy and are investing significantly to achieve net-zero emission targets. Given the growing importance of renewable energy, the battery recycling market is poised to grow in the coming months. Thus, we think the stocks of Umicore (UMICY), Li-Cycle (LICY), and American Battery Technology (ABML) might be ideal additions to one’s renewable energy portfolio. Let’s discuss.The renewable energy sector has gained much steam over the past years, fueled by policy support and net-zero emission targets by several governments worldwide. The International Energy Agency (IEA) has stated that the renewable energy sector is one of the fastest-growing sectors, with 290 GW of new generation capacity installed this year worldwide, marking a record-breaking year.

In addition, IEA predicts the growth of renewable energy will accelerate over the next five years, driven by commitments made by world leaders. As of October 2021, governments have approved spending $480 billion on clean energy and $45 billion on renewables.

Furthermore, the global lithium-ion recycling battery market is expected to grow by $1.11 billion, at a CAGR of 17.8% over the 2021 - 2025 period. So, we think battery recycling stocks Umicore SA (OTC:UMICY), Li-Cycle Holdings Corp. (LICY), and American Battery Technology Company (ABML) might be ideal additions to one’s renewable energy portfolio.

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.