Based on the weighted average of the revenue and costs of recycling NMC532, NMC811, NCA, and LFP chemistries. The range in revenue corresponds to the two metal scenarios documented below. Cost variation is due to capacity utilization scenarios in addition to metal price scenarios. At the low end, we assume a capacity utilization of 25%, and a 100% utilization at the high end. Costs include both feedstock acquisition costs and the variable and fixed costs of a standard integrated hydrometallurgical recycling facility.