March 18 (Reuters) - Li-Cycle ( LICY ) on Monday raised

the cost estimate for the construction of its Rochester Hub

again to $960 million, even as the battery recycling company

struggles with liquidity issues.

The increase in cost was primarily due to the refinement of

the methodology used for estimating the project budget, it said.

In October, Li-Cyle paused the construction of its flagship

battery recycling facility in Rochester, New York, and later

said it was evaluating financing and strategic alternatives.

It had also raised the cost of the project to between $850

million and $1 billion in November, from $560 million earlier.

Li-Cyle said on Monday it continues to complete its

comprehensive review work, including re-engaging and re-bidding

construction subcontracts.

Last week, the company secured an additional $75 million

investment through a convertible note from Swiss miner and

commodities trader Glencore ( GLCNF ), to help with the Hub's

financing.

(Reporting by Kabir Dweit in Bengaluru; Editing by Devika

Syamnath)