Canada’s Li-Cycle and Glencore unveil plans for recycling hub in Italy

BE desk

Canadian battery recycler Li-Cycle Holdings Corp says it plans to manufacture a recycling hub in Italy in conjunction with Swiss miner and commodity dealer Glencore Plc to form battery fabrics, together with lithium.

Li-Cycle had previous introduced in March that it will be construction a French battery processing facility amid emerging call for for lithium because of its key function in transition against internet 0 emissions

The 2 corporations are anticipated to finish a joint feasibility learn about for the undertaking by means of mid-2024, Li-Cycle mentioned Might 9.

As soon as the firms form a last funding choice at the undertaking, commissioning of the hub in Portovesme, Italy, is predicted to begin in overdue 2026 to early 2027.

The Portovesme Hub is predicted to have processing capability of as much as 50,000 tonnes to 70,000 tonnes of dark cluster every year, or the identical of as much as 36 gigawatt hours of lithium-ion batteries, Li-Cycle added.

Glencore had introduced an funding of US $200 million into Li-Cycle terminating past.

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