(Reuters) -Glencore said on Tuesday it would partner with waste management services provider FCC Ámbito and Spanish energy firm Iberdrola to provide lithium-ion battery recycling services at scale in Spain and Portugal.
The companies intend to establish a facility to offer recycling and second-life solutions for lithium-ion batteries, both from gigafactory production scrap and end-of-life batteries, Glencore said in a statement.
The firms have assessed existing battery recycling capabilities and feed availability in Spain and Portugal in collaboration with the Iberian Energy Storage Research Centre, Glencore said.
The miner — which is also a major producer, recycler, and marketer of key battery metals — added that it is working with FCC Ámbito and Iberdrola to identify a location for their recycling facility.
The facility, which would be operated by FCC Ámbito, will focus on pre-processing of lithium-ion batteries and battery scrap, separating the feed into distinct streams for further downstream refining, and recovery of battery metals, Glencore said.
London-listed Glencore’s shares were up 3% at 471 pence as of 0750 GMT.
(Reporting by Muhammed Husain in Bengaluru; Editing by Subhranshu Sahu and Uttaresh Venkateshwaran)
