Glencore & Britishvolt Sign Cobalt Supply Pact
Glencore announced that it has entered a long-term strategic partnership for the supply of responsibly sourced cobalt with Britishvolt, the UK’s foremost investor in lithium-ion battery cell technologies and associated R&D. The partnership represents a major milestone for Britishvolt on its quest to assist vehicle OEMs on their roadmap to electrification. By securing one of the key battery ingredients from the Glencore cobalt brands, Britishvolt is significantly derisking its operation by obtaining long-term security of supply across its business.
David Brocas, Head Cobalt Trader, Glencore, said "We are delighted to be partnering with Britishvolt, a pioneer in UK electric vehicle battery technology and production. The UK has a unique legacy of automotive innovation and Britishvolt’s ambition to power the next generation of mobility will add to this rich history.”