Glencore is a supplier of cobalt to Britishvolt
Britishvolt secures investment from Glencore
Mining and trading group is cornerstone investor in UK battery maker’s latest funding round
Electric vehicle (EV) battery developer and manufacturer Britishvolt has secured a £40mn ($54mn) investment from mining and commodities trading company Glencore as part of a new funding round aimed at raising about £200mn. Swtizerland-based Glencore is the cornerstone investor in the funding round, which will be offered to both existing and new institutional and strategic investors, UK-based Britishvolt says. Glencore, which has invested in previous Britishvolt funding rounds, has a supply agreement in place with the company to supply it with battery metal cobalt. Glencore and Britishvolt are also working on joint plans for 10,000t/yr battery recycling plant. In January, Britishvolt secured
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