Redwood Materials raised $1 billion in funding this week to progress its plans to build recycling capacity. That's a big amount for recycling at a time when lithium prices are at a recent low point and recycling of any significant quantity is reportedly around ten years away. Those investment dollars are clearly looking forward long term. I would think potential buyers of Phoenix's assets are equally forward looking.
https://source.benchmarkminerals.com/article/the-companies-shaping-the-north-american-lithium-ion-recycling-ecosystem?mc_cid=0dfddce70a&mc_eid=a18ab68281
