Exclusive Report - Nth Cycle Signs $1 Billion Mineral Offtake Agreement with Glencore Ahead of Public Listing
路透社2026/09/22 17:26Ernest Scheyder
Reuters, September 22 - Metal refining startup Nth Cycle has signed a $1 billion offtake agreement to supply Glencore GLEN.L with lithium and other critical minerals extracted from recycled batteries. The deal was reached ahead of the company's planned initial public offering (IPO) later this year.
Reuters was the first to report the agreement, which was signed on Tuesday at Glencore’s office in New York, coinciding with the United Nations General Assembly, as critical minerals are becoming increasingly important in global trade negotiations.
(To facilitate non-native English speakers, Reuters provides automated translations of its reports into several other languages. As automated translations may contain errors or lack the necessary context, Reuters does not guarantee the accuracy of automated translation texts and provides them for reader convenience only. Reuters assumes no responsibility for any damage or loss arising from the use of automated translation functions.)
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