Li-Cycle will sell these metals to the manufacturers themselves. Meanwhile, hubs are facilities that will take broken batteries and create metals that can be used in new batteries. Both companies plan on investing $50 million upon the condition that they meet their commercial milestones.Īs part of their Hub and Spoke business model, Li-Cycle has battery recycling facilities that are located next to battery manufacturers (known as spokes). The company received an investment of $100 million through Koch Strategic Platforms and has a partnership with LG Chem and LG Energy, some of the top battery manufacturers in the world. Once recycled, the are resold as battery metals including nickel, manganese, cobalt, graphite, and lithium carbonate. Li-Cycle currently collects and recycles lithium ion batteries from 85 sources.
In 2021, it has went public with the help of a SPAC merger that took place in August of that year. The company is the largest recycler of lithium ion batteries in North America – making it a solid investment in the lithium ion battery sector. The first on the list is the Canadian-based Li-Cycle Holdings.Ĭurrently, it's market cap is estimated at $1.3 billion. Whether they are traded on the New York stock exchange or elsewhere, a smart investing decision will be better than making a critical mistake that can cost you. Like any other stock, investing in battery recycling company stocks come with a risk. This makes battery recycling companies an important part of the electric vehicle industry. Nearly 2 million tons end of life batteries were accounted for in 2020 and with electric vehicles expected to ramp up in production, so will the numbers. Looking for other ESG investments? Check out these carbon capture stocks! Battery Recycling StatsĮvery year, more than 460,000 tons of lithium ion batteries will reach the end of their life. If you own a lithium ion battery, it's important that you dispose of it by way of recycling. This can be a company that is designed to properly dispose of lithium ion batteries in a safe manner to ensure that the environment is protected.īecause lithium ion batteries contain heavy metals they can be harmful to the environment if they are disposed of improperly.
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How to Invest in Battery Recycling Companies.
Can you make money from battery recycling?.Who are the largest lithium battery recyclers?.How much of the EV batteries are recycled?.Are there any publicly traded battery recycling companies?.What company will recycle batteries from Tesla?.
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