Glencore Stakes Out Bigger Role in Battery Market, Adds Nickel Capacity

June 3, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Glencore plc (Baar, Switzerland) is enlarging its footprint in the market for electric-vehicle (EV) batteries with a $200 million investment in Li-Cycle Holdings Corporation (NYSE:LICY) (Toronto, Ontario). Glencore will supply crucial feedstock to Li-Cycle, including waste from defunct batteries.

Li-Cycle is one of the leading North American companies in the development of lithium-ion batteries, including resource recovery and recycling. Industrial Info is tracking more than $15 billion in active global projects from Glencore, including about $3.3 billion worth in North America, as well as key projects from Li-Cycle.