Li-Cycle Holdings stock reflects Glencore's asset deal
Published on 10/07/2026 at 06:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Li-Cycle Holdings stock now reflects a company reshaped by creditor protection and an asset transfer to Glencore rather than a conventional growth story. The battery recycler entered protection proceedings in 2025, while its reported revenue had risen 53 percent from USD 18.3 million in 2023 to USD 28 million on a trailing-twelve-month basis to mid-2024, according to AskCyborg.
Glencore changes the ownership story
GlobeNewswire reported on September 28, 2026, that Li-Cycle entered creditor protection in 2025 before its assets were acquired by Glencore. The transaction shifted the operating assets into Glencore's recycling platform and left the listed company with a fundamentally different investment narrative.
The transferred assets included Li-Cycle's recycling infrastructure and the Rochester Hub project, according to Phoenix Research. Its report dated September 11, 2026, places the completion of that sale in August 2025.
Revenue growth met financing pressure
Li-Cycle's historical operating figures show the tension between demand and execution. Revenue increased from USD 18.3 million in 2023 to USD 28 million through mid-2024, a 53 percent rise, while BESS recycling grew 33 percent between 2023 and 2024, according to AskCyborg.
The financing constraint was material: Phoenix Research said Li-Cycle had been unable to draw down a USD 475 million US Department of Energy loan before entering creditor protection. That contrast matters because revenue expansion did not translate into the capital needed to complete the company's planned infrastructure.
What remains for shareholders
The central issue for Li-Cycle Holdings is the separation between the former listed operating company and the assets now controlled by Glencore. The September 28, 2026 market report describes the asset transfer as part of a wider reset in battery recycling, where feedstock security, metal prices and capital intensity determine whether capacity can earn acceptable returns.
For investors, the historical 53 percent revenue increase is therefore a background measure, not a forecast. The more consequential facts are the 2025 creditor protection, the Glencore asset acquisition and the USD 475 million financing constraint.
Li-Cycle Holdings company facts
Li-Cycle Holdings stock facts
- Company: Li-Cycle Holdings Corp.
- ISIN: CA50202P1053
- Sector / Industry: Industrials / Waste Management
