Nth Cycle Signs $1B Recycling Metals Deal with Trafigura

Published: Mar 17, 2026 09:10

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U.S. recycling technology firm Nth Cycle has signed a 10-year metal supply agreement with commodity trader Trafigura worth about $1.1 billion. The partnership will recover metals such as copper and nickel from scrap and industrial waste using electrochemical refining technology. Analysts say such collaborations could significantly expand secondary copper supply.

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