Glencore "has emerged as a cornerstone investor in Britishvolt, ...
Posted: February 18th, 2022, 6:13 pm
...the giant "gigafactory" under construction at Blyth", according to a recent article in The Times Business. By 2027, Britishvolt plans to make enough batteries each year to power 300,000 electric cars. Glencore will be supplying the necessary cobalt and nickel and already had a financial interest but have now committed to another £40m. in a third private fundraising.
I already had a small holding in Glencore and decided that this venture merited a small top-up, even though it is not likely to produce much of a return in the immediate future. We are certainly going to need lots of such batteries and I am not aware of much competition in their manufacture in this country as yet. I'm finding it difficult to find any holdings I do want to up at the moment.
I already had a small holding in Glencore and decided that this venture merited a small top-up, even though it is not likely to produce much of a return in the immediate future. We are certainly going to need lots of such batteries and I am not aware of much competition in their manufacture in this country as yet. I'm finding it difficult to find any holdings I do want to up at the moment.