VW's PowerCo, Stellantis, Glencore back $1B nickel, copper SPAC deal in Brazil

Lithium ion battery pack close-up — (Bloomberg)

By:

Reuters

June 12, 2023 09:14 AM

LONDON -- Global miner Glencore, Stellantis and Volkswagen Group's battery unit PowerCo have agreed to back a $1 billion deal by blank-cheque fund ACG Acquisition Company to buy two mines in Brazil, ACG said.

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