Li-Cycle partners with Daimler Truck North America for EV battery recycling

Toronto-based lithium-ion battery resource recovery company Li-Cycle announced a partnership with Oregon-headquartered manufacturer Daimler Truck North America (DTNA) on Thursday May 30 to facilitate the recycling of lithium-ion batteries from electric vehicles (EVs)

The partnership is the latest strategic commercial relationship established by Li-Cycle in an effort to validate its safe and sustainable recycling technology, Louie Diaz, vice president of Marketing & Communications, told Fastmarkets.

Repairing, remanufacturing, repurposing and recycling lithium-ion battery materials used in DTNA EVs is part of the company’s overall commitment to reducing its carbon footprint, DTNA said in a May 20 release.

“Leveraging advanced technology, DTNA can discern when a lithium-ion battery no longer meets DTNA’s high standards required for vehicle use. This insight guides the decision on the optimal process to maximize materials for a second life, with repair taking precedence whenever possible,” DTNA said, adding that its approach “extends to all components of the EV product.”

Li-Cycle will be using its patented Spoke and Hub technologies to assist DTNA on its goal to integrate a comprehensive circular economy approach across its operations to reduce its carbon footprint.

This technology enables Li-Cycle to “safely receive and recycle all lithium-ion batteries regardless of condition, form factor and state-of-charge to produce critical battery materials. Our technology enables up to a 95% recovery rate to return critical materials back to the supply chain,” Diaz told Fastmarkets.

Via Spokes technology, the lithium-ion battery is recycled through a proprietary submerged shredding process to produce plastics, a mixture of aluminum and copper and, importantly, black mass.

“Our patented and environmentally friendly ‘Generation 3’ Spoke technology can directly process all forms of lithium-ion batteries, including full EV battery packs, without the need for discharging, dismantling or using any thermal processes, which enhances safety and efficiency,” Diaz said.

“The ability to remove the need for dismantling and discharging are important value differentiators, especially as battery manufacturing evolves and there are more structured packs for EVs, which cannot be dismantled,” he continued.

Li-Cycle’s Spokes aim for zero emissions and waste

Additionally, Li-Cycle’s Spokes are designed to be zero wastewater discharge facilities and have zero combustion and direct greenhouse gas emissions.

“We are proud to partner with companies such as DTNA to support their sustainability and carbon reduction goals,” Ajay Kochhar, Li-Cycle president and chief executive officer, said in the May 30 release.

“Our environmentally friendly and safe recycling technologies can recover critical materials to help create a domestic closed-loop battery supply chain, giving new life to these battery materials and helping power the world’s transition to clean energy,” he continued.

DTNA’s efforts also include utilizing the existing Detroit Diesel Remanufacturing locations such as their recently expanded Hibbing facility to remanufacture batteries and EV components, as well as a partnership with Nuvation Energy to pilot a battery energy storage system (BESS) to assist in repurposing batteries that cannot be used in a vehicle.

DTNA aims to achieve carbon neutrality for all new products and services from direct suppliers in Europe, the US and Japan by 2039.

Recent lithium carbonate prices

Fastmarkets’ weekly assessment of the black mass, LCO, payable indicator, lithium, cif South Korea, % payable Fastmarkets’ lithium carbonate 99.5% Li2CO3 min, battery grade, spot prices cif China, Japan & Korea was 3-5% on Wednesday May 29, unchanged since December 6.

Fastmarkets’ daily assessment of the lithium carbonate 99.5% Li2CO3 min, battery grade, spot prices cif China, Japan & Korea was $13.50-14.20 per kg on Monday June 3, unchanged from Friday but narrowing downward from $13.50-14.50 a week earlier.

Keep up to date with global market insights and predictions for the battery recycling and black mass marketTalk to us today.

What to read next
The US trade roller coaster ride seems to be flattening, with signs of potential moderation and stability. It appears increasingly likely that our original expectation that the US Trump administration would primarily use the threat of tariffs as a negotiating strategy will be correct. While we do not expect to the US tariff position return to pre-2025 levels, we believe the overall US tariff burden is more likely to settle at around 10-30% globally rather than the elevated rates of 50-100% that seemed possible in recent weeks.
Read Fastmarkets' monthly battery raw materials market update for May 2025, focusing on raw materials including lithium, cobalt, nickel, graphite and more
To increase transparency, Fastmarkets has further clarified how it handles price movements during periods of low liquidity. Factors that Fastmarkets may consider during times of low liquidity include, but are not limited to: market fundamentals such as changes in inventory levels, shipments, operating rates and export volumes; relative fundamentals of similar commodities in the same […]
Cobalt Holdings plans to acquire 6,000 tonnes of cobalt. Following their $230M London Stock Exchange listing, this move secures a key cobalt reserve. With the DRC’s export ban affecting prices, the decision reflects shifting industry dynamics
The recent US-China agreement to temporarily reduce tariffs is a major step for global trade, with tariffs on US goods entering China dropping from 125% to 10% and on Chinese goods entering the US decreasing from 145% to 30% starting May 14. While this has boosted markets and created optimism, key industries like autos and steel remain affected, leaving businesses waiting for clearer long-term trade policies.
The US-China trade truce announced on May 12 has brought cautious optimism to China’s non-ferrous metals markets, signaling a possible shift in global trade. Starting May 14, the removal of additional tariffs has impacted sectors like battery raw materials, minor metals and base metals such as zinc and nickel, with mixed reactions. While the improved sentiment has lifted futures prices and trade activity, the long-term effects remain unclear due to challenges like supply-demand pressures and export controls.