Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

Glencore to drop plans for EV battery recycling hub in Italy – unions

FIILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo
FIILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's head... FIILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo
FIILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo
FIILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's head... FIILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo

Listen to the article now

Italian labor unions said that the Swiss mining corporation Glencore (GLEN.L) has decided not to construct an electric vehicle (EV) battery recycling factory on the Italian island of Sardinia, citing delays in the authorization procedure.

With Canada’s Li-Cycle (LICY.N), Glencore said it would develop the site in May. The plant would create lithium and other elements from the shredded material called “black mass” that is removed from old vehicle batteries.

Due to the lack of specific timelines for the regional government of Sardinia’s environmental impact assessment process, the CGIL, CISL, and UIL labor unions announced on Wednesday that the two corporations have decided to establish the hub elsewhere.

Glencore did not respond to requests for comment right away. A request for a response from Italian Industry Minister Adolfo Urso’s representative was also unanswered.

Il Sole 24 Ore, a business newspaper, said on Thursday that the battery recycling facility would probably be constructed in Germany instead. Still, other possible destinations included Spain, Canada, and the United States.

According to Reuters last month, Sardinia’s regional authority found that Glencore’s environmental impact assessment protocol documentation was inadequate.

Glencore also stated in October that it would consider other possibilities for the hub following the Sardinian regional government’s rejection of an expedited licensing procedure for its pilot project.


Comment Template

You May Also Like

Business

In response to recent US tariffs on Canadian goods, Ontario imposed a 25% levy on electricity exports to New York, Michigan, and Minnesota. This...

Business

Major US market indices fell significantly, with the S&P 500 reaching a six-month low. This slump coincides with growing concerns about a probable US...

Business

**Excerpt:** Bong Joon-ho’s *Mickey 17* is a sci-fi masterpiece that cements his status as one of the most visionary filmmakers of our time. Starring...

Business

**Excerpt:** Bong Joon-ho, the visionary director behind *Parasite*, returns with *Mickey 17*, a sci-fi thriller based on Edward Ashton’s novel *Mickey7*. Starring Robert Pattinson,...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok