Insight
Glencore and Li-Cycle look to scale up giga-recycling in Europe
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 9 May 2023 Canada-based battery recycling company Li-Cycle and Swiss mining company Glencore co-signed a letter of intent for a feasibility study for a hub battery recycling facility in Portovesme, a seaport in Sardinia, Italy, that will process 50 to 70 ktpa of black mass into lithium, nickel and cobalt products. The large hydrometallurgical Portovesme complex could be extremely lucrative for Glencore overall but its success will depend on the commercial viability of Li-Cycle's first hub in Rochester, New York.
Table of contents
- The event
- Li-Cycle spreads its control over the European recycling value chain
- Another high-risk, high-reward opportunity for Glencore?
- Will recycling be monopolised in Europe?
- Possible offtake partners from the Portovesme Hub
Tables and charts
This report includes the following images and tables:
- Revenue forecast for the Portovesme Hub*
- Assumptions
- Europe black mass processing capacity and feedstock supply forecast
- Potential offtake locations
What's included
This report contains:
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