The new plant is expected to be commissioned in by early 2027
and Glencore, the Swiss commodities giant that is trying to merge with Vancouver’s Teck Resources, are planning to build Europe’s biggest battery recycling plant as electric vehicle sales take off.
Glencore last year invested US$200-million for a 10-per-cent stake in Li-Cycle, whose headquarters are in Toronto, and the Swiss company’s mines in the Democratic Republic of Congo produce some 20 per cent of the global supply of cobalt. Glencore’s Horne smelter in northern Quebec is North America’s largest recycler of metals, such as copper, that are removed from electronic scrap.
Black mass is the industry term for the waste made from crushed and shredded battery cells. The recovered metals from the cells includes lithium, manganese, cobalt and nickel.
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