Li-Cycle seeking to ‘preserve cash’ after net losses hit $131 million in Q3

Li-Cycle has suffered a sharp drop in net profits in the third quarter of 2023 following its decision to pause the construction of its major processing hub in Rochester, New York, the lithium-ion battery recycling company announced on Monday November 13.

Li-Cycle recorded a net loss of $130.5 million in July-September 2023, compared with a loss of $41.9 million in the same period of 2022, the company said.

Operating...

Published

Lee Allen

November 14, 2023

22:24 GMT

London