Li-Cycle is is building out a network of feeder plants to process spent EV batteries and battery manufacturing scrap from partners such as General Motors, LG Energy Solution and Mercedes-Benz
Despite ongoing work to extract lithium from the geothermal brines of California and the hard-rock spodumene deposits of Quebec, North America’s first major new source of the valuable battery metal may come not from a mine, but a recycling plant run by a Canadian company in unassuming Upstate New York.
The company is also building out a network of feeder plants to process spent EV batteries and battery manufacturing scrap from partners such as General Motors, LG Energy Solution and Mercedes-Benz. It has three such facilities up and running, and another four in development in North America and Europe that will supply its Rochester “hub” with black mass.
Where I think the market will be thinner is going to be the post-processing side, which is what we’re building with our hub. There, you need capital, you need the team, you need the sophisticated base of hydrometallurgy.ON THE SCALE OF THE BATTERY RECYCLING MARKET: We have designed from a blank page, from the ground up, fit to purpose to be able to be robust but also make sure that we get a key and critical component in lithium.We’re already getting there in the next one to two years.
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