In the News

June 29, 2023

Li-Cycle, the Canadian company at the forefront of EV battery recycling, readies for its big test

Li-Cycle employee wearing safety gear sorting batteries on conveyor belt.

June 29, 2023

Original article published via The Globe and Mail

The Canadian company at the forefront of the burgeoning lithium-ion battery-recycling industry is facing one of its biggest tests – and has a chance to assert its dominance over an increasingly crowded field of competitors.

Li-Cycle Corp. is headquartered in Toronto and launched operations in Kingston, has rapidly expanded in the past couple of years, opening large facilities across the United States, building similar ones in Germany and Norway, and striking a partnership with commodities giant Glencore PLC. It’s cited by industry analysts as one of two or three companies outside Asia (where the sector is more developed) best positioned to capture value from the predicted flood of used electric-vehicle batteries in the decades ahead.

Read the full article here.