Glencore Plc will build a new plant to recycle lithium-ion batteries in the U.K. as part of a deal to help Britishvolt Ltd. shore up its supply chain as it races to develop Britain’s first large-scale electric-vehicle battery plant.
Metals giant Glencore -- best known as a miner and commodities trader -- will move further into recycling with the expansion of its Britannia Refined Metals plant in southern England, it said Wednesday. The facility has historically been a leading re-user of lead-acid batteries found in combustion-powered cars, but will expand to take in at least 10,000 tons of lithium-ion batteries a year, including manufacturing scrap from Britishvolt.
