Mining giant Glencore, Spain-based utility Iberdrola and commercial waste management firm FCC are partnering to develop lithium-ion battery circularity solutions, including recycling and second life.

Lithium-ion battery recycler Li-Cycle has opened its third recycling facility, in Arizona.

Natural resources giant Glencore has agreed to back the Canadian battery recycler to the tune of US$200 million.

Equity investors have already committed more than US$300 million to lithium battery recycler Li-Cycle’s plan to go publicly-listed through a special purpose acquisition company (SPAC) merger.