“We are really focusing on deployment outside of China in the APAC region,” Johnson said in an interview from the firm’s Toronto offices. “It’s more challenging these days to do work domestically in China than it has been. There’s a strong desire for a lot of Chinese companies to go globally and to expand outside China. For Li-Cycle, we’re better off supporting them in the ex-China context.”
Li-Cycle is among a handful of companies looking to cash in on demand for the recovered materials, with companies including Tesla Inc. expressing concerns over supplies of nickel and lithium. As the first generation of EVs nears retirement, a large quantity of electronic scrap is expected to be created.
Electric automakers, mining companies and chemical suppliers are racing to control more supplies of materials that are key to transitioning the world to cleaner energy sources. With mineral deposits getting trickier and pricier…
