Lithium-ion recycler Li-Cycle lands $200 million to power future EVs

Metals and fossil fuels behemoth Glencore is pumping $200 million into battery recycler Li-Cycle as part of a larger, symbiotic supply deal inked by the two firms.
Under the new agreement, the Swiss materials giant will ship burnt-out batteries and scraps to Li-Cycle, which will recover the high-demand metals so they can be reused in electric vehicle batteries and other applications.
Li-Cycle uses a spoke-and-hub approach for recovering the materials. At their spoke facilities, they shred spent batteries and use a water-based system to begin to break down the batteries. Known as hydrometallurg

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