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Li-Cycle Holdings Corp. - LICY STOCK NEWS

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.

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Li-Cycle Holdings Corp. (LICY) announced its financial and operational results for Q4 and full year 2022. Revenues were $3.0 million for Q4 and $13.4 million for the year, down from $4.4 million and $7.3 million in 2021. Despite higher black mass production, net loss narrowed to $33.9 million from $204.9 million year-over-year. The company maintains strong cash reserves of $578.3 million and is progressing well with its Rochester Hub, expecting commissioning by late 2023. Li-Cycle also expanded its Spoke capacity significantly and developed new commercial partnerships with key players in the battery supply chain.

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Li-Cycle Holdings Corp. (NYSE: LICY) plans to release its fourth quarter and full year 2022 financial results before market open on January 30, 2023. The results will cover the period ending October 31, 2022. A conference call and audio-only webcast will be held at 8:30 a.m. Eastern Time the same day, where management will discuss the financial outcomes. Investors can join the call through domestic and international dial-in numbers, and a replay will be available on the Company's Investor Relations website.

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Li-Cycle Holdings Corp. (NYSE: LICY) announced a change in its financial year-end from October 31 to December 31 to align with peer companies. The firm will report financial results for the year ended October 31, 2022 on January 30, 2023. A transition report will be filed in March 2023 covering the two-month period ending December 31, 2022. The upcoming financial year will span from January 1, 2023 to December 31, 2023. Historical financial data will be recast for better comparability in future reports, starting with the first quarter results in May 2023.

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Li-Cycle (NYSE: LICY) has established a global strategic partnership with VinES, a member of Vingroup, the largest private conglomerate in Vietnam. This collaboration aims to provide advanced recycling solutions for VinES and VinFast, enhancing their sustainability efforts in the growing electric vehicle sector. With Li-Cycle's innovative Spoke & Hub Technologies™, the partnership seeks to create a closed-loop battery supply chain, reinforcing Li-Cycle’s position as a leader in the lithium-ion battery recycling market.

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Li-Cycle Holdings Corp. (NYSE: LICY), a leader in lithium-ion battery recycling in North America, announced its participation in Chardan Capital Market LLC’s Disruptive Technology Leadership Series on October 20, 2022. The Company will host investor meetings and provide a related presentation on its website at investors.li-cycle.com. Li-Cycle aims to create sustainable solutions for battery waste by utilizing its innovative Spoke & Hub Technologies™, addressing the demand for critical battery materials while enhancing the recycling process.

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Li-Cycle has commenced commercial operations at its Alabama Spoke in Tuscaloosa, capable of processing up to 10,000 tonnes of lithium-ion battery materials annually. The facility can recycle batteries for approximately 20,000 electric vehicles (EVs) and utilizes patented technology that processes full battery packs without dismantling, reducing environmental waste. This new Spoke adds to Li-Cycle's total capacity of 30,000 tonnes per year across four locations in North America, with expectations to reach 65,000 tonnes by the end of 2023.

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Senate Majority Leader Charles Schumer praised Li-Cycle (NYSE: LICY) for its role in creating a sustainable battery materials supply chain in the U.S. during his visit to the company's Rochester Hub. The Hub will be a key source of battery-grade lithium carbonate, processing materials equivalent to about 225,000 EVs annually. Schumer highlighted funding from the Inflation Reduction Act and Bipartisan Infrastructure Investment and Jobs Act, aimed at enhancing domestic manufacturing and reducing costs for electric vehicle production.

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Li-Cycle Holdings Corp. (NYSE: LICY) reported third-quarter results for the period ending July 31, 2022. Revenue from product sales rose to $5.4 million, a significant increase from $1.3 million in Q3 2021. However, total revenues reached $(2.0) million due to a non-cash fair market value pricing adjustment of $(7.3) million. Operating expenses surged to $32.5 million, leading to a net loss of approximately $27.5 million. The company retains $649.0 million in cash, bolstered by recent investments and financing. The construction progress at the Rochester Hub is on schedule, with commissioning expected in 2023.

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Li-Cycle Holdings Corp. (NYSE: LICY) is set to release its Q3 2022 financial results on September 14, 2022, before market open. The report will cover the period ended July 31, 2022. A conference call will take place at 8:30 a.m. ET on the same day to discuss the results. Investors can join via a live audio webcast or dial in using provided numbers. Li-Cycle aims to provide sustainable solutions for lithium-ion battery waste and improve supply chains for battery materials, reflecting its commitment to innovation in the sector.

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Li-Cycle Holdings Corp. (NYSE: LICY), a leader in lithium-ion battery recycling, announced its inclusion in the Russell 2000® Index and Russell 3000® Index, effective June 27, 2022. This milestone highlights the company’s growth and stability since its public listing in August 2021. The annual Russell reconstitution ranks the 4,000 largest U.S. stocks by market capitalization, affecting approximately $12 trillion in assets. CEO Ajay Kochhar expressed optimism about expanding their reach within the investment community through their innovative Spoke & Hub network strategy.

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FAQ

What is the current stock price of Li-Cycle Holdings (LICY)?

The current stock price of Li-Cycle Holdings (LICY) is $2.73 as of November 4, 2024.

What is the market cap of Li-Cycle Holdings (LICY)?

The market cap of Li-Cycle Holdings (LICY) is approximately 63.4M.

What does Li-Cycle Holdings Corp. do?

Li-Cycle specializes in recovering and recycling lithium-ion batteries using its Spoke and Hub process.

How does Li-Cycle's Spoke and Hub process work?

The process involves processing battery scrap and end-of-life batteries at Spokes to produce black mass, which is then refined at Hubs to recover raw materials.

What raw materials does Li-Cycle recover?

Li-Cycle recovers lithium carbonate, cobalt sulphate, and nickel sulphate from recycled batteries.

What recent achievements has Li-Cycle made?

Li-Cycle has expanded its facilities, secured key partnerships, and invested in advanced recycling technologies.

Why is battery recycling important?

Battery recycling helps reduce electronic waste and ensures the sustainable reuse of valuable raw materials.

Who are Li-Cycle's partners?

Li-Cycle partners with major battery manufacturers and automotive companies.

Where are Li-Cycle's facilities located?

Li-Cycle operates Spoke facilities in North America and Europe, with plans for further expansion.

What industries benefit from Li-Cycle's services?

Industries such as electric vehicles and renewable energy storage benefit from Li-Cycle's battery recycling services.

How does Li-Cycle contribute to sustainability?

Li-Cycle promotes sustainability by recycling batteries, reducing waste, and recovering valuable materials for reuse.

Is Li-Cycle financially stable?

Li-Cycle is strategically positioned in the growing battery recycling market, supporting both revenue growth and sustainability.

Li-Cycle Holdings Corp.

NYSE:LICY

LICY Rankings

LICY Stock Data

63.39M
22.50M
24.03%
13.99%
5.38%
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