Li-Cycle Financials and Strategic Update
1)
72335
2)
3)
4)
5)
105,000
95,000
85,000
75,000
65,000
55,000
45,000
35,000
25,000
15,000
Jan-21
Material Conversions
and Projected End
Product Production
Metal Equivalent
Hub Specialty Materials Outputs Priced at Premium Driven by
Underlying Metal Content and Battery Grade Specifications
GWh Equivalency(1)
GWh
Lithium-ion
Battery (LIB)
Equivalent(2)
tonnes
Expected Key Chemical Production - Rochester Hub(3)
Black Mass Input
Nickel Sulphate
tonnes
Cobalt Sulphate
tonnes
Lithium Carbonate
Nickel ($/t)(5)
Л
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
10,000
0
Cobalt ($/t)(5)
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
-18
~90,000
35,000
42,000 48,000 t/y
6,500 - 7,500 t/y
7,500 - 8,500 t/y
9,400 10,700 t/y
1,400 1,600 t/y
N.A.(4)
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Converted from 90,000 tonnes LIB equivalent/year.
Approximate conversion of Rochester Hub's 35,000 tonnes/y black mass capacity in terms of 90,000 tonnes LIB equivalent/year.
Production ranges based on DFS estimates. Conversion factor of 4.48 tonnes of nickel sulphate : 1 tonne of nickel metal equivalent; 4.77 tonnes of cobalt sulphate : 1 tonne of cobalt metal equivalent.
N.A. as lithium carbonate is the key product form and also the index price reference is expressed on a per unit of lithium carbonate basis (as opposed to a per unit of lithium metal basis)
Material prices from January 2021 to June 10, 2022. LME Nickel Metal and Cobalt Metal, and Fastmarkets Lithium Carbonate.
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Lithium Carbonate ($/t)(5)
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Li-Cycle
Apr-22
May-22
Jun-22
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