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Li-Cycle ready to tap into ‘robust’ battery metals niche

Canadian battery recycler Li-Cycle Corp. reports it recently completed its first shipment of commercially recycled lithium-ion battery material. The shipped product was processed at Li-Cycle’s facility in Ontario, Canada, and contained critical metals—such as cobalt, nickel and lithium.

Li-Cycle developed a technology that is able to recover between 80-100% of all battery materials back in 2016. It is described as a two-step mechanical and hydrometallurgical/wet-chemistry process. An added benefit of this approach is that the cathode and anode chemistries within the lithium-ion spectrum do not have to be sorted into specific chemistries.

The company also announces that it is establishing its first US-based facility in New York State. Li-Cycle will set up operations at Eastman Business Park (EBP) in Monroe County in an effort to tap into the ‘robust’ lithium-ion battery supply chain in the United States and the lithium-ion battery ecosystem in Rochester.

The new site is scheduled to become fully operational later this year. The facility will create at least 23 jobs in its first year of operation.

Moreover, Li-Cycle ceo Ajay Kochhar says he is proud to share a ‘major milestone’; signing a memorandum of understanding with Sungho Group and Gyeongsangbuk-do Province to build several lithium-ion battery recycling factories in South Korea. The mission of the partnership is to create a ‘recycling hub’ in Asia, Kochhar says.

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