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Nth Cycle inks $1bn minerals offtake with Glencore ahead of public listing

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US metals refining startup Nth Cycle has signed a $1-billion offtake agreement with Glencore to supply the commodities giant with lithium and other critical minerals extracted from recycled batteries, a deal that comes ahead of a planned public listing later this year.

The 10-year deal is among the largest in the US battery recycling sector as companies and…

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