Samsung may need your smartphones
Samsung may need your smartphones

Samsung may need your smartphones

Samsung may need your smartphones World prices for some metals mined from the bowels of the earth have risen sharply due to increased demand for electric types of vehicles, which has left some manufacturers with a serious choice – whether to pay for raw materials to mining companies or to look for another way. Samsung SDI, a branch of Samsung Electronics Corporation that manufactures displays with batteries, including for automobiles, will recycle old smartphones to extract cobalt from them.This metal is used to create lithium-ion batteries for electric vehicles and smartphones. The leading supplier of it is currently considered the Democratic Republic of the Congo. It is curious that only in the last year cobalt has become more expensive by 235%, having risen in price from $ 34,600 per ton to $ 81,400 per ton. Moreover, the Congo government intends to raise the metal tax from 2% to 5%. Analysts predict that in twelve years, demand for it will triple the current production of one hundred thousand tons annually. Experts report that Samsung SDI plans to acquire a stake in the waste recycling company. So far, it is not reported which particular organization is in question. However, Umicore SA and American Manganese Inc. are already mentioned. Moreover, SDI plans to sign a long-term contract for the supply of this metal. There is also an installation to reduce the amount of cobalt in the batteries created for electric vehicles. Ideally, a complete rejection of its use. If experiments with the extraction of metal from smartphones will be successful, Samsung SDI will probably do the same as in Panasonic and Toyota Motor. Namely, they will be engaged in the extraction of metals from used batteries from hybrid electric vehicles. It is worth recalling that, according to last year’s reports, Samsung planned to send all Galaxy Note 7 for recycling. The flagship model was withdrawn from the market and discontinued due to marriage found in batteries. From smartphones had to extract the metals that they contain: silver, gold, nickel, copper. But later, renaming the Galaxy Note 7 to Galaxy Note FE, the flagship again appeared on store shelves, but only in South Korea and in a limited edition.

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