Inth Cycle strikes billion-dollar deal with Glencore

American company "Ent Cycle," specializing in metal refining, has signed a billion-dollar agreement with Glencore to supply 24,000 metric tons annually of recycled battery components containing lithium and other critical metals, over a period of 10 years. The goal of this agreement is to strengthen the supply chain for essential metals used in electric vehicle and clean energy industries. It aligns with the increasing trend toward recycling batteries as an alternative source of metals, reducing reliance on traditional mining. Additionally, Ent Cycle plans to build a metals processing facility in the southeastern United States, with operations expected to begin in 2029, after securing a $100 million government grant. This deal is a strategic move aimed at accelerating the growth of the critical metals market and boosting local production in the United States.

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