London-listed Glencore's shares were up 3% at 471 pence as of 0750 GMT. (Reporting by Muhammed Husain in Bengaluru; Editing by Subhranshu Sahu and Uttaresh Venkateshwaran)
(Adds details, shares)
April 11 (Reuters) - Glencore said on Tuesday
it would partner with waste management services provider FCC
Ámbito and Spanish energy firm Iberdrola to provide
lithium-ion battery recycling services at scale in Spain and
Portugal.
The companies intend to establish a facility to offer
recycling and second-life solutions for lithium-ion batteries,
both from gigafactory production scrap and end-of-life
batteries, Glencore said in a statement.
The firms have assessed existing battery recycling
capabilities and feed availability in Spain and Portugal in
collaboration with the Iberian Energy Storage Research Centre,
Glencore said.
The miner — which is also a major producer, recycler,
and marketer of key battery metals — added that it is working
with FCC Ámbito and Iberdrola to identify a location for their
recycling facility.
The facility, which would be operated by FCC Ámbito,
will focus on pre-processing of lithium-ion batteries and
battery scrap, separating the feed into distinct streams for
further downstream refining, and recovery of battery metals,
Glencore said.
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