Technology19 Mar 2026SEO 881 min read

Analysis: Inside a $1.1B deal to reshore critical minerals refining

Critical minerals startup Nth Cycle is betting that its modular approach to nickel refining can make the practice viable in the U.S. and Europe. The U.S. and E…

Critical minerals startup Nth Cycle is betting that its modular approach to nickel refining can make the practice viable in the U.S. and Europe. The U.S. and Europe have a nickel problem. The critical mineral is used in everything from batteries and missiles to electronics and steel. And yet, the two regions have struggled to mine and refine it largely due to permitting issues and waste concerns. Indonesia and China dominate the refining process. Dig a little deeper, though, and it’s appa…

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