Read the full story at E-Scrap News.
Glencore has signed a supply agreement with and agreed to invest $200 million in Toronto-based lithium-ion battery recycling startup Li-Cycle.
The global mining and metals refining company signed a deal to supply manufacturing scrap and end-of-life lithium-ion batteries to Li-Cycle, a publicly traded company. Glencore, which supplies metals used to make batteries, also signed a non-binding term sheet that could lead to contracts to buy and sell various battery materials with Li-Cycle.
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