Glencore stake boosts Britishvolt’s £4bn plans for battery factory
by Jillian Ambrose from Environment | The Guardian on (#5NE65)
UK's first large-scale battery producer welcomes partnership with major cobalt miner
Mining giant Glencore has agreed to buy a stake in Britishvolt, the startup with plans to invest 4bn building the UK's first large-scale battery factory to help accelerate the rollout of electric vehicles.
Glencore said it had made an undisclosed investment in the company as part of a long-term strategic partnership with Britishvolt to supply cobalt to its pioneering battery gigafactory" in Northumberland.
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