Commodity trader Trafigura is set to take a stake in a start up company behind ambitious plans to supply car and battery makers in Europe with lithium from a UK refinery.
As part of the investment, Trafigura, one of the world’s biggest metal traders, would source Green Lithium with feedstock for its planned 50,000 tonne a year plant in the north of England and sell the finished product to customers across Europe.
It would be Trafigura’s first big deal in lithium and comes as Russia’s invasion of Ukraine has highlighted the perils of being too reliant on one country for commodity supplies.
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