Canadian battery recycler Li-Cycle Holdings Corp says it plans to develop a recycling hub in Italy together with Swiss miner and commodity dealer Glencore Plc to provide battery supplies, together with lithium.

Li-Cycle had earlier introduced in March that it will be constructing a French battery processing facility amid rising demand for lithium on account of its key function in transition in direction of internet zero emissions

The 2 corporations are anticipated to finish a joint feasibility examine for the venture by mid-2024, Li-Cycle stated Might 9.

As soon as the businesses make a last funding determination on the venture, commissioning of the hub in Portovesme, Italy, is predicted to begin in late 2026 to early 2027.

The Portovesme Hub is predicted to have processing capability of as much as 50,000 tonnes to 70,000 tonnes of black mass yearly, or the equal of as much as 36 gigawatt hours of lithium-ion batteries, Li-Cycle added.

Glencore had introduced an funding of US $200 million into Li-Cycle final yr.