Exclusive-Washington seals $475 million loan for battery recycler Li-Cycle ahead of Trump's arrival [Yahoo! Finance Canada]
Li-Cycle Holdings Corp. (LICY)
Company Research
Source: Yahoo! Finance Canada
The long-awaited loan, which is $100 million higher than provisionally announced early last year, will keep the Glencore-backed company alive as it works to expand the recycling of batteries that are increasingly powering Americans' everyday lives, ranging from everyday electronics to EVs. The loan for the plant, which would be one of the largest U.S. sources of the battery metal lithium, also cements a key part of Biden's climate agenda, ensuring the company receives government financial support regardless of any steps that President-elect Donald Trump may take when he assumes office in January. Concerns that Trump could try to slow Washington's financial support for the renewable energy transition have spooked investors since his Tuesday victory. While Trump is not expected to be able to stop that transition, Biden officials are quickly moving to close loans and approve projects before January. Li-Cycle had sought the loan for nearly three years, but cost overruns and technic
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LICY
News
- Li-Cycle Holdings Corp. (NYSE: LICY) had its price target raised by analysts at UBS Group AG from $2.00 to $2.25. They now have a "neutral" rating on the stock.MarketBeat
- Toronto Pearson Announces Departure of Chief Financial Officer J'Maine Chubb [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Toronto Pearson Announces Departure of Chief Financial Officer J'Maine Chubb [Yahoo! Finance]Yahoo! Finance
- Li-Cycle Holdings Corp (LICY) Q3 2024 Earnings Call Highlights: Revenue Surge and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Li-Cycle Reports Third Quarter 2024 Operational and Financial Results, Including Strong Revenue Growth and Lower Costs [Yahoo! Finance]Yahoo! Finance
LICY
Analyst Actions
- 11/18/24 - UBS
LICY
Sec Filings
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- LICY's page on the SEC website