Within the last month, four lithium-ion battery recyclers saw a collective $255 million worth of investment and another completed a merger. As existing EV batteries age out and new vehicles hit the market, the demand is growing fast.
The company raised revenue guidance again but faced a challenging quarter. During one recent week an estimated 900 employees were out due to COVID-19 at the same time as volumes increased due to the economic rebound.
New research from nonprofit Beyond Plastics takes a critical look at the plastics industry's climate effects, with renewed criticism of chemical recycling. Major plastics trade groups pushed back on the report.
The company upped its outlook thanks to economic recovery trends and M&A but reported inflationary pressures. CEO Worthing Jackman also described potential vaccine mandates as a notable labor headwind.
The light metal has soared out of a slump, with UBC pricing strong and sustainability goals driving demand, yet operators such as Virginia's TFC Recycling say transportation difficulties make it hard to capitalize on that.
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