Welcome to our dedicated page for Li-Cycle Holdings news (Ticker: LICY), a resource for investors and traders seeking the latest updates and insights on Li-Cycle Holdings stock.
Li-Cycle Holdings Corp. (NASDAQ: LICY) is a pioneering company specializing in the recovery and recycling of lithium-ion batteries. The company has developed a proprietary Spoke and Hub recycling process, which plays a vital role in the circular economy by addressing the challenges of battery waste and resource scarcity. The Spoke and Hub model is designed to efficiently process battery manufacturing scrap and end-of-life batteries, thereby producing black mass and other intermediate products at its Spokes. These materials are then further refined at the company's Hubs to recover essential raw materials such as lithium carbonate, cobalt sulphate, and nickel sulphate.
Li-Cycle’s innovative recycling process ensures the responsible disposal and re-utilization of batteries, contributing significantly to sustainability efforts and the reduction of environmental impact associated with electronic waste. The company's expertise in resource recovery is increasingly critical as the demand for rechargeable batteries grows across various sectors, including electric vehicles and renewable energy storage.
Recent Achievements and Projects:
- Expanded its operational footprint with new Spoke facilities in North America and Europe.
- Secured partnerships with major battery manufacturers and automotive companies to streamline the recycling process.
- Invested in advanced technologies to enhance the efficiency and capacity of their recycling operations.
Financially, Li-Cycle Holdings Corp. is strategically positioned to leverage the booming battery recycling market, with a robust business model that supports both revenue growth and environmental stewardship. The company continues to report significant progress in their mission to achieve a sustainable and closed-loop battery supply chain.
Li-Cycle Holdings Corp. (NYSE: LICY) has released its 2023 Sustainability Report, highlighting significant achievements and future ESG (Environmental, Social, and Governance) initiatives. The report emphasizes enhanced ESG performance metrics, zero critical safety or environmental incidents since inception, a diversion of 84% of materials from landfills, and no Scope 1 emissions from recycling processes. Additionally, the company has joined the United Nations Global Compact and set a Board gender diversity target of 30%. Li-Cycle also issued its first Modern Slavery Report, compliant with Canada's Fighting Against Forced Labour and Child Labour in Supply Chains Act.
Li-Cycle Holdings Corp. (NYSE: LICY), a global leader in lithium-ion battery resource recovery, announced that CEO and co-founder Ajay Kochhar will participate in TD Cowen’s 2nd Annual Sustainability Week conference.
The event will take place on May 22, 2024, with Mr. Kochhar scheduled for a fireside chat at 3:05 p.m. ET.
Li-Cycle Holdings Corp. (NYSE: LICY) reported its first quarter 2024 operational and financial results, highlighting collaborations with the U.S. Department of Energy, new strategic agreements with top EV companies, a $75 million investment from Glencore, restructuring for cost savings, and a cash and cash equivalents balance of $109.1 million at the end of the quarter.
Li-Cycle Holdings Corp. (NYSE: LICY) will host its First Quarter 2024 Earnings Conference Call/Webcast on May 10, 2024, at 8:30 a.m. (Eastern Time). The company will release its financial results and provide a business update for the quarter ended March 31, 2024. Investors can listen to the conference call via webcast or dial-in numbers provided.
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