Li-Cycle And Glencore Speed Up Plans For European Recycling Hub
Portfolio Pulse from Shivani Kumaresan
Li-Cycle Holdings Corp (NYSE:LICY) and Glencore International AG, a subsidiary of Glencore plc (OTC:GLCNF), have announced plans to expedite the production of battery-grade lithium carbonate at the Portovesme Hub project in Italy. The project will be executed in two phases, with Phase 1 expected to start operations in 2024 and Phase 2 expected to begin commissioning in late 2026 to early 2027. The hub will process lithium-ion based black mass supplied from Li-Cycle's European Spoke recycling network and Glencore's commercial network.
September 18, 2023 | 12:52 pm
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POSITIVE IMPACT
Glencore's partnership with Li-Cycle to expedite the production of battery-grade lithium carbonate could enhance its recycling and production capabilities.
The partnership with Li-Cycle and the expedited production of battery-grade lithium carbonate could potentially enhance Glencore's recycling and production capabilities, leading to increased revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Li-Cycle's partnership with Glencore to expedite the production of battery-grade lithium carbonate could strengthen its position in the European market.
The partnership with Glencore and the expedited production of battery-grade lithium carbonate could potentially increase Li-Cycle's market share and revenues in the European market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80