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An announcement from Li-Cycle Holdings ( (LICY) ) is now available.
Li-Cycle Holdings Corp. reported its preliminary commercial and operational highlights for 2024, emphasizing its strengthened position as a preferred recycling partner within the global battery supply chain. The company’s largest source of battery feedstock was a major U.S. EV and battery manufacturer, showcasing its strong industry partnerships. Li-Cycle continues to focus on securing financing for its Rochester Hub project and optimizing its Spoke network, producing approximately 5,370 tonnes of black mass and equivalents in 2024. The company aims to establish a financially self-sufficient Spoke business by enhancing performance and improving cash flow.
More about Li-Cycle Holdings
Li-Cycle Holdings Corp. is a leading global company specializing in lithium-ion battery resource recovery. Established in 2016, it focuses on creating a domestic closed-loop battery supply chain for a clean energy future, using innovative and sustainable Spoke & Hub Technologies to recycle various types of lithium-ion batteries.
YTD Price Performance: -15.61%
Average Trading Volume: 1,536,591
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $46.44M
Find detailed analytics on LICY stock on TipRanks’ Stock Analysis page.
