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Nth Cycle signed a 10-year binding agreement with Trafigura valued at $1.1 billion for the supply of nickel and lithium carbonate, marking a significant milestone in recycled material supply chains. Under the agreement, Trafigura will purchase 2,000 tonnes of nickel and 1,500 tonnes of lithium carbonate refined from 12,000 tonnes of black mass.

Nth Cycle plans to expand its operations to South Carolina and the Netherlands, beginning production in 2028. The expansion is supported by a €7.5 million grant from the National Growth Fund under the CRM Lion initiative, aiming to enhance local supply chains for critical minerals.