Canadian battery recycler Li-Cycle Holdings Corp says it plans to develop a recycling hub in Italy along with Swiss miner and commodity trader Glencore Plc to produce battery materials, including lithium.
Canadian battery recycler Li-Cycle Holdings Corp says it plans to develop a recycling hub in Italy along with Swiss miner and commodity trader Glencore Plc to produce battery materials, including lithium.
Li-Cycle had earlier announced in March that it would be building a French battery processing facility amid rising demand for lithium due to its key role in transition towards net zero emissions The two companies are expected to complete a joint feasibility study for the project by mid-2024, Li-Cycle said May 9.
Once the companies make a final investment decision on the project, commissioning of the hub in Portovesme, Italy, is expected to commence in late 2026 to early 2027. The Portovesme Hub is expected to have processing capacity of up to 50,000 tonnes to 70,000 tonnes of black mass annually, or the equivalent of up to 36 gigawatt hours of lithium-ion batteries, Li-Cycle added.
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