Glencore, Stellantis, Volkswagen invest in two mines in Brazil

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Investments

ACG Acquisition Company will be renamed ACG Electric Metals; the deal will secure supply of critical metals for the EV makers

Mining company Glencore, carmaker Stellantis and Volkswagen’s battery arm PowerCo have together planned to invest $1 billion in ACG Acquisition Company, the latter announced June 12.

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