
The effort to satisfy a vast demand for lithium for electric vehicle batteries moved one step forward with a $375 million loan from the Department of Energy to Li-Cycle, a battery recycling company, to build a lithium-ion battery recovery plant near Rochester, New York.
Monday's announcement is the third in the U.S. recently. Last Tuesday the large recycling firm Ecobat said it will build its first battery recycling plant in Casa Grande, Arizona.