Why Li-Cycle (LICY) Stock Is Exploding Higher
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Li-Cycle Holdings Corp (NYSE:LICY) shares are trading higher by 20% on news of a $75 million investment from Glencore. The investment aims to bolster Li-Cycle's liquidity as it conducts a strategic review process, including evaluating its approach to the paused Rochester Hub project. As part of the agreement, Glencore will have increased representation on Li-Cycle's board. Li-Cycle intends to disclose its full-year 2023 financial results by March 15.
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