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Recycler Li-Cycle Eyes Asia Foray to Feed Battery Metal Boom

CEO says the recycler ‘stands behind what we do’ after a short-seller report in March

Workers sort batteries at Li-Cycle facility in Kingston, Ontario

Workers sort batteries at Li-Cycle facility in Kingston, Ontario

Photographer: Christinne Muschi/Bloomberg

Canadian startup Li-Cycle Holdings Corp. plans to expand into Asia, replicating its development in North America as soaring demand for the raw materials key to powering electric cars pushes buyers to expand their supply chains.

The recycler will focus on establishing commercial partnerships and building battery-recycling facilities in countries including South Korea, Japan, and Vietnam, according to Tim Johnston, Li-Cycle’s co-founder and executive chairman.