Li-Cycle Has Entered Into An Agreement With Glencore Covering The Off-take Of 100% Of The MHP To Be Produced At Its Rochester Hub
Portfolio Pulse from Benzinga Newsdesk
Li-Cycle has secured a 100% off-take agreement with Glencore for its mixed hydroxide precipitate (MHP) production at the Rochester Hub. The agreement supports the finalization of financing documentation for a U.S. Department of Energy loan.
October 31, 2024 | 10:11 am
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Li-Cycle has entered into a 100% off-take agreement with Glencore for its MHP production at the Rochester Hub, which is expected to produce up to 8,250 tonnes of lithium carbonate and 72,000 tonnes of MHP annually. This agreement supports the finalization of financing documentation for a DOE loan.
The agreement with Glencore ensures a stable revenue stream for Li-Cycle's Rochester Hub, which is crucial for the company's financial stability and growth. Additionally, it supports the finalization of financing documentation for a DOE loan, which could further enhance Li-Cycle's financial position.
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