Li-Cycle Holdings Corp. LICYQ

Company Overview

Li-Cycle Holdings Corp. is a lithium-ion battery resource recovery company focused on recycling lithium-ion batteries and manufacturing scrap to produce critical battery-grade materials. The company operates within the battery recycling, energy storage, and critical materials industries, serving customers across the electric vehicle, consumer electronics, and energy storage value chains. Its core value proposition centers on recovering lithium, nickel, cobalt, and other materials from end-of-life batteries and production scrap, positioning the company as part of the circular supply chain for battery materials.

The company was founded in 2016 in Canada and grew rapidly as demand for electric vehicles and battery supply chain localization increased in North America and Europe. Li-Cycle went public in 2021 through a business combination with a special purpose acquisition company. By 2023, the company faced liquidity constraints, construction delays, and cost overruns related to its flagship refining facility, leading to a voluntary Chapter 11 restructuring in the United States and a significant curtailment of operations. Its evolution reflects both the rapid growth and capital intensity of the battery recycling sector.