Glencore signs USD 1 billion deal: what it means for Li-Cycle stock

Published on 10/14/2026 at 02:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Glencore will supply 24,000 metric tons of black mass annually under the deal. For Li-Cycle stock, this means a 10-year inherited minerals chain.

Glencore expands the recycling chain

Nth Cycle signed the USD 1 billion minerals agreement with Glencore on September 22, 2026.
Glencore will supply 24,000 metric tons of black mass annually under the agreement.
The Li-Cycle asset connection dates to Glencore's 2025 acquisition and extends toward operations planned for 2029.

LICY, CA50202P1053, Illustration mit AI erstellt.

Li-Cycle Holdings (ISIN CA50202P1053) is connected to a USD 1 billion critical-minerals agreement dated September 22, 2026. Reuters reported that Nth Cycle signed a 10-year offtake agreement with Glencore, which acquired Li-Cycle's assets in 2025.

Glencore builds a materials route

Under the agreement, Glencore will supply Nth Cycle with 24,000 metric tons of shredded battery material known as black mass each year. Nth Cycle plans to process the material into lithium carbonate and a nickel-rich product, with operations scheduled to begin by 2029, Reuters reported on September 22, 2026.

The connection matters because Li-Cycle's former plants and Rochester hub are now part of Glencore's wider critical-minerals platform. The event gives the LICY story a concrete operating reference, even though the agreement is between Glencore and Nth Cycle rather than Li-Cycle.

Asset ownership sets the value frame

Critical Minerals News reported on September 22, 2026 that Glencore bought Li-Cycle's assets out of bankruptcy in August 2025, including facilities in Arizona, Alabama and New York and the unfinished Rochester hydrometallurgical hub.

AskCyborg described Li-Cycle's August 2025 creditor-protection filing as the key turning point for the company. That history shifts the analytical frame from standalone revenue growth to the value and future use of assets transferred into Glencore's network.

LICY remains a restructuring story

finanzen.net identifies the security as Li-Cycle Holdings with ticker LICY and ISIN CA50202P1053. The business is classified in the Industrials sector and Waste Management industry, while its former operating footprint now sits inside a larger Glencore recycling strategy.

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