Glencore will send spent lithium-ion batteries and manufacturing scrap to the Toronto-based startup, which will also supply the Swiss giant with recovered metals including lithium, manganese, cobalt and nickel from Li-Cycle’s facilities, the companies said in a Thursday statement announcing the partnership. Glencore has been advancing efforts to boost recycling of the batteries that power electric vehicles, including itsto build a U.K. plant as part of a deal to help Britishvolt Ltd.
Electric automakers, mining companies and chemical supplier are racing to control more supplies of materials that are key to transitioning the world to cleaner energy sources. Car manufacturers and industry analysts expect recycled batteries to play a vital role in addressing supply constraints over the long term.
Glencore will also make a $200-million investment in Li-Cycle by purchasing a five-year convertible note, according to the statement. Li-Cycle agreed to nominate Kunal Sinha, Glencore’s head of recycling, to its board of directors.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Glencore rights record worst in green metals, group saysGlencore Plc has the worst human rights record among miners of metals used in renewable energy, the Business & Human Rights Resource Centre said in a report. • There’s no greater joy than having financial freedom and a life free of debts, that’s why I Zaza posting comments about AdamTrey01 who guided me trading onlin
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Oil Rallies as EU Proposes Phasing Out Russian Supply This YearOil jumped as the European Union proposed to ban Russian crude over the next six months and refined products by the end of the year. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R500,000 in 3 weeks thanks Williamchurch07 I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Cartoon Thursday with RicoDefend Truth Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R500,000 in 3 weeks thanks Williamchurch07 • There’s no greater joy than having financial freedom and a life free of debts, that’s why I Zaza posting comments about AdamTrey01 who guided me trading onlin
Source: dailymaverick - 🏆 3. / 84 Read more »