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An announcement from Li-Cycle Holdings ( (LICY) ) is now available.
On January 24, 2025, Li-Cycle Holdings expressed support for the ‘Unleashing American Energy’ Executive Order signed by U.S. President Donald Trump, which focuses on enhancing domestic energy production. The order’s emphasis on developing domestic energy resources aligns with Li-Cycle’s goals of fostering U.S. energy independence through recycling critical minerals. Despite a temporary pause in fund disbursements, Li-Cycle plans to continue collaborating with the U.S. Department of Energy on its existing loan facility, viewing the order as a potential catalyst for growth in domestic battery recycling.
More about Li-Cycle Holdings
Li-Cycle Holdings Corp. is a global leader in lithium-ion battery resource recovery, established in 2016, focusing on creating a closed-loop battery supply chain for a clean energy future. The company uses its innovative Spoke & Hub Technologies to recycle various types of lithium-ion batteries and produce critical battery-grade materials.
YTD Price Performance: -56.12%
Average Trading Volume: 2,054,326
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $36.84M
Learn more about LICY stock on TipRanks’ Stock Analysis page.
