Glencore Trader Who Led Ill-Fated Battery Recycling Push to Exit

Glencore Plc head of recycling Kunal Sinha is stepping down after unwinding the firm’s unsuccessful investment partnership with battery metals recycler Li-Cycle Holdings Corp, according to people familiar with the matter.

While better known as a miner and commodity trader, Glencore has long been a major player in recycling metals including copper and lead. It expanded into battery recycling in 2022 with investments in Li-Cycle and UK-based Britishvolt, with Sinha spearheading the effort.

A Glencore spokesperson declined to comment.

Li-Cycle filed for bankruptcy in May, and Glencore — which by then had become a key creditor to the company with ...