---
title: "Why Li-Cycle (LICY) Stock Is Exploding Higher"
description: "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 re"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/109873034.md"
published_at: "2024-03-13T15:21:48.000Z"
---

# Why Li-Cycle (LICY) Stock Is Exploding Higher

> 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.

**Li-Cycle Holdings Corp** (NYSE:LICY) shares are trading higher by 20% to $0.70 Wednesday morning on upward momentum. The company on Tuesday announced it secured a $75 million investment from **Glencore plc** through a senior secured convertible note agreement.

This investment aims to bolster Li-Cycle’s liquidity as it conducts a strategic review process. The company is evaluating its approach to the paused Rochester Hub project, including potential product mix and construction strategies. Following an assessment, Li-Cycle chose Glencore’s offer.

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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## How To Buy LICY Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Li-Cycle Holdings case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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According to data from Benzinga Pro, LICY has a 52-week high of $6.16 and a 52-week low of $0.35.

### Related Stocks

- [LQDT.US - Liquidity](https://longbridge.com/en/quote/LQDT.US.md)
- [LICY.US - Li-Cycle](https://longbridge.com/en/quote/LICY.US.md)
- [LICYF.US - Li-Cycle Holdings Corp.](https://longbridge.com/en/quote/LICYF.US.md)
- [LICYQ.US - LI-CYCLE HOLDINGS CORP](https://longbridge.com/en/quote/LICYQ.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Liquidity｜8-K：2026 财年 Q1 营收 1.21 亿美元超过预期 |  | [Link](https://longbridge.com/en/news/274967745.md) |
| 董事 Jaime Mateus-Tique 报告出售 Liquidity Services Inc.的普通股 | Jaime Mateus-Tique，Liquidity Services Inc. 的一名董事，已报告出售该公司的普通股。完整的文件可通过提供的链接获取。此消息由公共技术公司生成，仅供信息参考，不应视为财务或法律建议。原始内容由 Liqu | [Link](https://longbridge.com/en/news/275519779.md) |
| Li-Cycle 完成 CCAA 程序，股东诉讼正在推进 | Li-Cycle Holdings Corporation 已完成其 CCAA 诉讼程序，允许股东诉讼继续进行。受影响的加拿大投资者被鼓励注册即将进行的集体诉讼，原因是公司证券价格最近下跌。此消息由 Public Technologies  | [Link](https://longbridge.com/en/news/275494976.md) |
| 流动性服务总监 George H. Ellis 即将退休，董事会规模将缩减 | 流动性服务公司（Liquidity Services Inc.）宣布，乔治·H·埃利斯（George H. Ellis）将于 2026 年 2 月 4 日退休，届时将退出其董事会。在他离职后，董事会成员将从 8 人减少至 7 人，审计委员会 | [Link](https://longbridge.com/en/news/275360966.md) |
| 展望：Liquidity Services 的盈利预测 | 流动性服务公司（NASDAQ:LQDT）定于 2026 年 2 月 5 日公布季度财报，分析师预计每股收益（EPS）为 0.28 美元。该公司此前超出 EPS 预期 0.08 美元，导致股价上涨 8.75%。目前股价为 31.5 美元，过去 | [Link](https://longbridge.com/en/news/274865336.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
