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Summary of significant accounting policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of principal subsidiaries
The Company’s principal subsidiaries and their geographic location as at December 31, 2023 are set forth in the table below:
CompanyLaw of incorporationDate of incorporation or acquisitionOwnership interest
Li-Cycle Corp.Ontario, CanadaNovember 18, 2016100%
Li-Cycle Americas Corp.Ontario, CanadaOctober 27, 2021100%
Li-Cycle U.S. Inc.Delaware, U.S.October 31, 2021100%
Li-Cycle Inc.Delaware, U.S.March 28, 2019100%
Li-Cycle North America Hub, Inc.Delaware, U.S.September 2, 2020100%
Li-Cycle Europe AGSwitzerlandOctober 29, 2021100%
Li-Cycle APAC PTE. LTD.SingaporeOctober 29, 2021100%
Li-Cycle Germany GmbHGermanyMarch 17, 2022100%
Li-Cycle France SARLFranceApril 29, 2022100%
Li-Cycle United Kingdom Ltd.United KingdomApril 6, 2022100%
Li-Cycle Norway ASNorwayMarch 31, 2022
June 29, 2023
67%
100%
Plant and equipment, net The estimated useful lives are as follows:
Computers3 years
Vehicles5 years
Plant equipment5 years
Furniture7 years
Storage containers10 years
Processing equipment and rotable parts
5 to 10 years
Buildings49 years
Leasehold improvementsShorter of term of lease or estimated useful life
Estimating the useful life of property, plant and equipment requires judgment and is based on the Company's historical experience and expected use of the property, plant and equipment. The effects of obsolescence, demand, and other economic factors such as the stability of the industry may impact the Company's determination of useful life.
As atDecember 31, 2023December 31, 2022October 31, 2022October 31, 2021
Plant equipment
$55.3 $38.1 $34.3 $6.4 
Computer equipment4.5 2.1 1.8 0.2 
Vehicles
0.2 0.3 0.3 0.2 
Leasehold improvement13.5 9.9 9.8 6.2 
Construction in progress - Rochester Hub547.2139.590.1—
Construction in progress - Spoke Network29.521.019.815.6
Construction in progress - Buildings34.76.3——
$684.9 $217.2 $156.1 $28.6 
Less – accumulated depreciation(16.1)(7.2)(5.9)(2.2)
Total property, plant and equipment, net$668.8$210.0$150.2$26.4