Glencore ties up with Cyclic Materials in copper recycling push

Canadian rare earth and metals recycler Cyclic Materials Inc will supply at least 10 000 metric tones of recycled copper to Glencore as the Swiss miner looks to secure copper that is expected to soar in demand in the coming years, Cyclic Materials' CEO said. As part of a multi-year agreement, Cyclic Materials will sell copper scrap to Glencore, which will process and refine the metal at its Horne smelter and Copper Refinery in Quebec to turn it into copper cathodes. The Horne smelter is North America's largest recycler of copper and precious metals, according to Glencore.