Nth Cycle Inks Glencore Mineral Deal
Metals recycling startup Nth Cycle has signed a ten-year, one billion dollar supply agreement with Glencore for critical minerals. The deal precedes the company's planned public listing later this year and supports US clean energy goals.
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Nth Cycle has signed a $1B offtake agreement with GLENCORE PLC to supply lithium and critical minerals from recycled batteries ahead of a public listing. The 10-year deal is among the largest in the domestic recycling sector. Companies across the United States are racing to secure critical minerals for electric vehicle batteries.
