Glencore Plc head of recycling Kunal Sinha is stepping down after unwinding the firm’s unsuccessful investment partnership with battery metals recycler Li-Cycle Holdings Corp, according to people familiar with the matter.
While better known as a miner and commodity trader, Glencore has long been a major player in recycling metals including copper and lead. It expanded into battery recycling in 2022 with investments in Li-Cycle and UK-based Britishvolt, with Sinha spearheading the effort.
A Glencore spokesperson declined to comment.
Li-Cycle filed for bankruptcy in May, and Glencore — which by then had become a key creditor to the company with $327.5 million in outstanding convertible notes — took over Li-Cycle’s key industrial assets and technology portfolio in August. Li-Cycle co-founder Ajay Kochhar joined Glencore in August as its new head of battery recycling, according to his LinkedIn…
