Investor Presentaiton
Expanding Spoke Network and Accelerating Production of Black Mass
Li-Cycle Black Mass Production (tonnes)
'Rules of Thumb' - Example Material Conversion (1)
2,000
1,800
1,600
1,400
1,200
6.4x
1,000
811
800
600
400
200
126
0
Fiscal Q4 2020 Fiscal Q4 2021
226
FY2020
8.3x
1,880
FY2021
Key
Key Spoke
Spoke
Input
Lithium-
ion
Black
Battery Mass
Input
Output &
Hub Input
Key Hub Outputs
Example Metals Contained
Based on NMC811 Cathode (2)
Contained Chemical
Equivalents(3)
Nickel
Cobalt Lithium
tonnes
tonnes
tonnes
Nickel Cobalt Lithium
Sulphate Sulphate Carbonate
tonnes
Illustrative -1,500-
Conversions 2,850(4)
1,000
278
35
55
1,245
166
295
(4)
Key Spoke Output
Key Hub Outputs
FY2022E target range: 6,500 to 7,500 tonnes of black mass production
2.5x to 3x greater than FY2021A Production
(1)
Example conversions are based on 100% recovery/yield, for illustrative equivalency purposes.
(2)
(3)
(4)
Lithium-Ion Batteries
and Battery Material
Black Mass: which typically
contains Nickel, Cobalt, and
Lithium
Battery grade chemicals:
Nickel Sulphate, Cobalt
Sulphate, Lithium Carbonate
NMC811 is a cathode chemistry with 8 parts nickel: 1 part manganese : 1 part cobalt within the cathode that is commonly used in some EV applications.
Li-Cycle produces black mass which typically contains nickel, cobalt, and lithium which are expressed as contained materials for market relevancy. Metal content within the black mass is dependent on composition of battery supply sources.
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; 5.32 tonnes of lithium carbonate: 1 tonne of lithium metal equivalent.
Quantity of cathode and anode material (black mass) varies depending on the type of lithium-ion battery input. For example, manufacturing scrap can have higher cathode and/or anode content (depending on the material form) and hence
requires less input material to generate a given quantity of black mass. In general, cathode and anode content in lithium-ion battery materials can range from -35% to -65 wt.% content on a mass basis, depending on the battery material type.
Li-Cycle
5View entire presentation