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The Economy & You

The Economy and You - Ajibade Oluwabiyi

Thu 1st Feb 2018

In terms of economic value, installing proven and efficient technologies means profitability for company shareholders, job creation for the unemployed, increased wealth for employees and a solid tax base for the government. It is good news for the Nigerian economy and the sustainability of the environment that used batteries are now being collected and exported to foreign countries where they are processed and the lead content re-used in new battery production. Knowing that millions of Li-ion batteries are discarded every year and given the high cost of lithium cobalt oxide, salvaging these precious metals makes economic sense. And so one wonders why only a few companies recycle these batteries.

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