Battery recycler Li-Cycle (NYSE:LICY) said Monday it’s secured a conditional $375-million loan from the U.S. Department of Energy to develop a recycling facility for key
Battery recycler Li-Cycle (NYSE:LICY) said Monday it’s secured a conditional $375-million loan from the U.S. Department of Energy to develop a recycling facility for key battery materials near Rochester, New York.For lithium-ion batteries specifically, much of the focus has been on mining. While the U.S. has an abundance of lithium, getting it out of the ground is expensive, and projects frequently face local opposition.The price of lithium has eased back from record levels hit earlier this year, but in the last three years prices are still up more than 800%. The rapid appreciation comes as…
