Li-Cycle Financials and Strategic Update
Solving Customer Battery Recycling Needs Amidst Robust TAM Growth
Growing Battery Recycling Sources (1)
NA and EU Accelerating Manufacturing Scrap TAM(2)
16%
3%
27%
54%
LICY FY 2021A (1)
End-of-life battery and manufacturing
scrap sources:
Battery Manufacturers
EV OEMs & Service Providers to EV OEMS
Consumer Electronics Recyclers
1)
2)
3)
Tonnes LIB equivalent/Year
900,000
800,000
24%
700,000
600,000
TAM 2025E(2)
500,000
400,000
300,000
200,000
100,000
2%
4%
350,000
Consumer
Electronics
300,000
70%
Energy Storage
Systems
250,000
Transportation
OEMs
200,000
Manufacturing Scrap
Measured by weight of input battery materials.
2023
Transportation OEMs, including Recalls
BMI and Li-Cycle estimates' Total Addressable Market (TAM) forecast. Axis labels based on a conversion ratio of 90,000 tonnes LIB equivalent/year to 35,000 tonnes Black Mass.
Manufacturing scrap demand derived from BMI and Li-Cycle's estimates.
Manufacturing
150,000
Scrap (3)
100,000
2024
2025
Energy Storage Systems
Consumer Electronics
50,000
Tonnes black mass/Year
Li-Cycle
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