Glencore Plc, a Switzerland based global mining and commodity trading powerhouse, is a name synonymous with the resource industry. With a diversified portfolio spanning minerals, metals, energy, and agricultural products, the company plays a pivotal role in the global supply chain.
The company is exploring alternative locations in Europe for its electric car battery recycling hub, as the Italian region of Sardinia declined to fast-track approval for their initial project. Glencore, in partnership with Li-Cycle Holdings Corp, had previously announced plans to establish a recycling hub in Italy to address the global shortage of essential raw materials for the rapidly expanding electric car production.
The companies intended to establish the recycling hub in Portovesme, Sardinia, utilizing Glencore’s current facilities on the island. Initially planned for commissioning in late 2026 to early 2027, the regional government of Sardinia recently denied fast-track approval for the pilot project.
“The regional government’s decision to submit the demonstration project to a full environmental impact assessment is very disappointing,” Glencore said in an emailed statement.
Glencore may explore other possibilities for a European battery materials processing hub if the prolonged approval process leads to project delays that render it economically impractical.
Glencore stated that it had consistently adhered to all regulatory requirements concerning the demonstration project and remained dedicated to providing additional information regarding the plant’s effects.
“The site would be re-purposed in full compliance with the relevant health, safety, and environmental standards,” said by the mining company.
(Source: Francesca Landini | Jane Merriman | Reuters)
