logo
logo

Li-Cycle And Glencore Announce Global Strategic Partnership; Glencore To Make A $200 Million Investment In Li-Cycle

May 05, 2022over 3 years ago

Amount Raised

$200 Million

Toronto

Description

Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced a strategic partnership with Glencore plc (LON: GLEN) (“Glencore”), a leading provider of primary metals for the production of EV batteries. The strategic partnership will better serve the EV battery supply chain by providing customers with an integrated approach for their primary and recycled metal needs.

Company Information

Company

Li-Cycle

Location

Toronto, Ontario, Canada

About

The six-year-old recycling firm debuted on the New York Stock Exchange last August via a $1.55 billion SPAC merger. Li-Cycle uses a spoke-and-hub approach for recovering the materials. Glencore will be providing Li-Cycle with black mass for processing as well as manufacturing scrap.

Related People

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech