Li-Cycle Holdings ( (LICY) ) has provided an announcement.
Li-Cycle Holdings Corp. has revised its agreements with Glencore and Traxys to establish a commercial framework for its Rochester Hub, focusing on the production of mixed hydroxide precipitate (MHP) and lithium carbonate. Glencore will purchase 100% of the MHP output, aligning with market terms, while Traxys will receive a fee from the MHP sales. These amendments are pivotal for securing a U.S. Department of Energy loan, supporting the project’s financial strategy. The Rochester Hub aims to produce 72,000 tonnes of MHP annually, enhancing Li-Cycle’s position in the battery resource recovery market.
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