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LI-CYCLE ANNOUNCES FIRST COMMERCIAL SHIPMENT OF RECYCLED BATTERY MATERIAL

Li-Cycle Corp. (Li-Cycle) completed its first shipment of commercially recycled battery material, containing energy metals concentrate. The shipped product was processed at Li-Cycle’s facility in Ontario, Canada and contained key energy metals—such as cobalt, nickel and lithium—used in lithium-ion batteries. Li-Cycle is one of the few companies globally capable of recovering critical battery materials from lithium-ion batteries in a sustainable and safe manner.

 

By 2040, an estimated 559 million electric vehicles will be on the road worldwide. Furthermore, the capacity of global lithium-ion battery energy storage installations is projected to grow over 50 times during that same period.

 

While lithium-ion batteries continue to play an increasingly critical role in the global transition towards electrification, the world lacks a viable option for dealing with the rapidly growing volumes of spent lithium-ion batteries. Li-Cycle provides a solution for this gap through an innovative and sustainable resource recovery process.

 

ABOUT LI-CYCLE: Li-Cycle Corp. (Li-Cycle) is on a mission to leverage its innovative solution to address an emerging and urgent global challenge.

 

Source: Li-Cycle