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Nth Cycle inks $1 billion minerals offtake with Glencore ahead of public listing
Source: reuters.com
Commodities & Raw MaterialsRenewable Energy TransitionAutomotive & EVIPOs & SPACsTrade Policy & Supply Chain
Battery-metals refining startup Nth Cycle signed a $1 billion offtake agreement to supply Glencore with lithium and other critical minerals recovered from recycled batteries. The contract strengthens Nth Cycle's commercial validation and supply-chain positioning ahead of its planned public listing later this year, while supporting demand for recycled inputs in EV battery production.
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