Li-Cycle, the leading lithium-ion battery recycler in North America, and Glencore International AG, a leading producer and recycler of critical minerals for the production of lithium-ion batteries, have signed a Letter of Intent to develop a battery recycling plant in Portovesme, Italy. The plant would produce critical battery materials, such as lithium, nickel, and cobalt, from recycled batteries. The new battery recycling plant is expected to be the largest producer of sustainable battery-grade products in Europe.
Once operational, the battery recycling plant will have a processing capacity of up to 50,000 to 70,000 tonnes of black mass annually, or the equivalent of up to 36 GWh of lithium-ion batteries. The black mass processed at the plant is expected to be supplied from Li-Cycle’s growing Spoke network in Europe and through Glencore’s commercial network.
Li-Cycle’s Spoke network and Glencore’s battery circularity platform will help Europe to get one step closer to closing the loop on manufacturing scrap and end-of-life batteries.
Source: Innovation News Network
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