Nth Cycle, the revolutionary critical metals refining company, has signed a binding 10-year agreement with Trafigura, a market leader in the global commodities industry, valued at approximately $1.1 billion USD.
The agreement was signed as the Trump Administration hosted government and business leaders in Tokyo to discuss energy security at the first Indo-Pacific Energy Security Ministerial and Business Forum.
Under the agreement, Trafigura will purchase 2,000 tonnes of contained nickel in mixed hydroxide precipitate (MHP) and 1,500 tonnes of lithium carbonate, which will be refined from 12,000 tonnes of black mass – marking a significant milestone for Western supply chains and the largest multi-metal commercial agreement between a recycled feedstock supplier and refiner.