Glencore may look elsewhere for recycling hub after Italy rejects fast-track approval

Glencore and Li-Cycle planned to develop a recycling hub in Portovesme by repurposing Glencore's existing production sites on the island.

Glencore may look at alternative options for a recycling hub in Europe for electric car batteries after the Italian region of Sardinia rejected a fast-track approval process for its pilot project, the mining company said.

Sardinia’s regional government said on Friday the pilot project for the recycling hub could not be granted a fast-track approval process. “Glencore may consider alternative options for a European battery materials processing hub if the unnecessary extension of the approval process results in a delayed timeline that makes the project economically unviable,” it said.

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