Glencore It signed an agreement with Britishvolt for the supply of cobalt.
In addition, the global commodity trading giant has entered into a strategic alliance with Britishvolt to formalize an investment in the British lithium-ion battery manufacturer.
Thanks to this new alliance, British Volt The long-term supply of cobalt, which is one of the main raw materials for the manufacture of batteries, will be ensured. In this way, the company significantly reduces the risks of its operations.
Ural Najari, CEO and founder of Britishvolt, explained, “This is a major step in the right direction for Britishvolt as we seek to accelerate the transition to a low-carbon society. By partnering with Glencore, we secure supply and reduce project risk.”
On the other hand, David Brocas, Head of Cobalt Negotiations at Glencore, commented: “With the mobility and energy transition accelerating, future demand for battery metals such as cobalt, copper and nickel will increase. Glencore is already a leading producer and supplier of these metals, helping to Support our ambition to achieve fully net zero emissions by 2050.”
Glencore, a multinational corporation headquartered in Switzerland, is the world’s leading private company specializing in the purchase, sale and production of raw materials and foodstuffs.
Britishvolt is the leading British investor in battery technologies. Their mission is to build the UK’s first gigantic battery factory at a specially chosen site in Northumberland. This represents a total investment of £2.6 billion, one of the largest industrial investments in UK history, creating 3,000 jobs and up to 5,000 more in the broader supply chain.
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