Market supply of metals ....18 Mar 2022 07:56
Li Cycle , coming to the UK ? Dont bet against it and 20-30,000 tons of lithium. Better crack on getting that strip mining going before the Teslas of the world but supply and most attractively 'recycle' all those batteries ! I'm sure they'd cut a deal for the cost of supply of most battery materials from ine source at a reduced cost if they give back the old batteries to have the same metals recycled. Almost a closed loop cycle.
"In 4Q21, black mass production increased more than six-fold year over year to 811 tons due to a small base in the prior year. In FY2021, total production was 1,880 tons from Li-Cycle’s two operating spokes. As a result, revenues increased from $0.8 million in FY2020 to $7.4 million in FY2021. Adjusted EBITDA was -$11.5 million for 4Q21 and -$25 million for FY2021, which was a result of increased staffing and costs related to expansion. Li-Cycle's FY2022 guidance for production lies in the range of 6,500 tons to 7,500 tons of black mass production.
Furthermore, Li-Cycle reiterated its goal of achieving 100,000 tons of lithium-ion battery (LIB) equivalent processing capacity for its spoke network and 220,000 tons capacity for its hub network. In the near to medium term, Li-Cycle will focus on spoke expansion into North American & Europe, with megafactory capacity projected to grow to 500 GWh by 2025 in North America and 930 GWh in Europe. Although there were no specifics discussed, Asia-Pacific will be a key focus for opportunistic investments as it is the epicenter of megafactory ramp-up.
I think that Li-Cycle's recent results and guidance show strong growth for a relatively new company, demonstrating that it is able to execute well on its plans."
2025 looking at 200,000 tons PER YEAR of Lithium globally - US, EU .... and UK ?
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