German industry
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Handelsblatt · Germany · Glencore acquired Li-Cycle, Ascend Elements filed for bankruptcy, and European recyclers raised over half a billion euros as commercial-scale battery recycling consolidated in 2026
Reports cylib GmbH closing a €63.4 million Series B round to scale its Aachen-based battery recycling process, which uses a selective leaching approach to recover lithium, cobalt, nickel, and manganese from EV battery black mass. cylib's process targets EU Battery Passport data requirements for material traceability, positioning it for compliance-driven demand from German automakers subject to EU Battery Regulation from February 2027.
“cylib raised €63.4M Series B to scale selective black-mass leaching for EU Battery Passport compliance, targeting German automaker demand from February 2027.”