Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Global LNG supply surge will drive lasting demand growth, says ADNOC Gas CEO

October 10, 2025

Coal stocks Core Natural Resources, Peabody could rally on AI demand

October 10, 2025

Colombian Industry Braces for Gas Rationing

October 10, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Glencore is taking over Li-Cycle
Battery / Storage Tech

Glencore is taking over Li-Cycle

omc_adminBy omc_adminAugust 11, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Swiss mining company Glencore has acquired Canadian battery recycling company Li-Cycle. The purchase includes four spoke facilities in North America and one in Magdeburg, Germany. It also includes the hub project in Rochester and Li-Cycle’s intellectual property.

Li-Cycle had already officially begun searching for a buyer in March in order to raise additional funds for further operations. In May, the financially stricken recycling company then filed for creditor protection in Canada and the United States. Even at that point, Li-Cycle creditor and partner Glencore was considered the most likely buyer. The Swiss company has now finalised the deal. They hope that the acquisition of Li-Cycle will strengthen their battery recycling business. With the spoke plant in Magdeburg, they now own one of the largest battery recycling plants in Europe.

Glencore itself has only issued a brief statement on the takeover: “As of August 8th 2025, Li-Cycle has been acquired by Glencore Plc. We’re excited for Li-Cycle to be part of Glencore and confident that this will bring continued value and enhanced service to our joint customers. All future updates, services, and support will now be provided through Glencore Battery Recycling (‘GBR’),” the company writes. The raw materials company’s customers include players from the automotive, battery and energy generation sectors, among others.

Incidentally, the creditor protection granted in May was based on Canadian and US law, depending on where the Li-Cycle operating companies were registered. Li-Cycle operates three spoke facilities in the US states of Arizona, Alabama and New York, as well as a hub in Rochester. There are also two spokes in Canada (Ontario) and Germany (Magdeburg).

Li-Cycle quickly secured debtor-in-possession financing of 10.5 million US dollars and a stalking horse bid of at least 40 million US dollars from Glencore. This is a bid for an insolvent company or its assets that is agreed in advance of an auction in such a way that it effectively acts as a minimum bid. Glencore worked quickly from May onwards to acquire Li-Cycle. What’s more, negotiations between the two sides regarding a potential deal are said to have taken place even before the creditor protection proceedings. Li-Cycle had been struggling with rising costs and delays for some time. For example, construction of the Rochester plant had to be halted in November 2023 because the total costs had exceeded the project budget.

Li-Cycle specialises in recycling batteries and production waste from battery manufacturing. The materials are first collected and processed in spoke facilities. These facilities, which are located as close as possible to customers, carry out the mechanical processing of the batteries. The end product contains primary materials such as aluminium and copper, as well as black mass containing valuable battery active materials. The actual hydrometallurgical recycling of the black mass from the spokes then takes place in the central hubs in order to extract the individual raw materials for the production of new batteries. In North America, this was planned to take place at the company’s own hub facility in Rochester, while the hub for Europe was to be built at the Glencore facility in Portovesme, Italy.

As part of the takeover, Glencore has now not only gained the North American sites but also the spoke facility, which opened in Magdeburg, Germany, in September 2023, marking Li-Cycles’ entry into the EU. At the inauguration, it was announced that the first processing line on site could recycle up to 10,000 tonnes of battery material per year.

newswire.ca, glencore.com



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Toyota expands solid-state battery partnership with Sumitomo

October 9, 2025

What Lyten plans to do in Heide after the Northvolt takeover

October 9, 2025

Ferrari lifts the hood on EV tech in maiden electric car

October 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Global LNG supply surge will drive lasting demand growth, says ADNOC Gas CEO

By omc_adminOctober 10, 2025

(Bloomberg) – A looming surge in liquefied natural gas supply through the end of the…

Highland Spring Partners with Altruistiq to Track Product-Level Carbon Footprints Across UK Operations

October 10, 2025

Base Power Secures $1B to scale U.S. Home Battery Network

October 10, 2025

Deep Sky to Build 500,000-Tonne Carbon Removal Facility in Canada

October 10, 2025
Top Trending

Morgan Stanley Backs Corvus Energy to Decarbonize Maritime Sector

By omc_adminOctober 10, 2025

Home Energy Storage Startup Base Power Raises $1 Billion

By omc_adminOctober 10, 2025

Prince William to attend Cop30 UN climate summit in Brazil | Cop30

By omc_adminOctober 9, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20259 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

Colombian Industry Braces for Gas Rationing

October 10, 2025

ARM Energy Approves $2.3B Texas Gas Pipeline

October 10, 2025

‘We Need More Energy’, NVIDIA Boss Says

October 10, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.