Nth Cycle inks $1 billion minerals offtake with Glencore ahead of public listing
22/09/2026 18:12
EXCLUSIVE-Nth Cycle inks $1 billion minerals offtake with Glencore ahead of public listing By Ernest Scheyder
Sept 22 (Reuters) - Metals refining startup Nth Cycle has signed a $1 billion offtake to supply Glencore GLEN.L with lithium and other critical minerals extracted from recycled batteries, a deal that comes ahead of a planned public listing later this year.
The agreement, which Reuters is first to report, was signed on Tuesday at Glencore's New York offices and timed to coincide with the United Nations General Assembly as critical minerals become increasingly central to global trade negotiations.
(Reporting by Ernest Scheyder; Editing by Chris Reese)
((ernest.scheyder@thomsonreuters.com; X: @ErnestScheyder; +1-469-691-7667; Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))
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