India’s lithium-ion battery black mass export ban: what it means for recyclers and EV makers

Business Standard reported that the Centre banned exports of battery waste, including lithium-ion black mass, with immediate effect. The DGFT, the government's trade policy arm, changed the export policy for the specified battery waste and scrap under ITC (HS) code 85491400 from 'Free' to 'Prohibited'. Financial Express reported the same ban and framed it around what it means for recyclers and EV makers. Black mass is the shredded, mixed residue left after used lithium-ion batteries are processed, and it holds metals such as lithium, cobalt and nickel that recyclers recover. ITC (HS) is the code system India uses to classify goods for trade. A 'Prohibited' policy means the item cannot be exported. The headlines do not give the volumes involved or the reason for the change.

AI summary of what Financial Express and Business Standard reported. AI can make mistakes. Read the full story on Financial Express