Battery recycling company Li-Cycle sees ‘tsunami’ of opportunity, eyes possible IPO to fund expansion
The co-founder of Li-Cycle Corp. is ending a virtual tour of his Kingston facility by showing off the product that emerges when he shreds, soaks and filters the lithium ion batteries that once powered everything from iPhones and vape pens to Teslas. The plastic drum, the size of an oil barrel, contains a thick, wet mix of lithium, nickel, cobalt and copper, the raw material for new batteries. Mr. Johnston calls it “black mass.”
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