Li-Cycle, Glencore International, A Subsidiary Of Glencore Announced Plans For A Two-Phase Approach To The Portovesme Hub Project In Italy To Expedite The Production Of Battery-grade Lithium Carbonate
Portfolio Pulse from Benzinga Newsdesk
Li-Cycle and Glencore International, a subsidiary of Glencore, have announced a two-phase approach to the Portovesme Hub project in Italy. The project aims to expedite the production of battery-grade lithium carbonate. Phase 1 is designed to process up to 11,000 tonnes of black mass annually, while Phase 2 is planned for 50,000 to 70,000 tonnes of expected annual processing capacity.
September 18, 2023 | 10:05 am
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Li-Cycle's partnership with Glencore International for the Portovesme Hub project in Italy could boost its production of battery-grade lithium carbonate, potentially increasing its market share and revenues.
The partnership with Glencore International allows Li-Cycle to increase its production capacity for battery-grade lithium carbonate. This could lead to increased revenues and market share, positively impacting its stock price.
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