From Glencore to AFC, 5 FTSE EV stocks to charge up your portfolio

Highlights Britishvolt and Glencore have announced that they would be coming together for developing a new UK battery recycling plant. The EV sector has been getting massive investments and is supporting the UK’s transition towards a zero-emission future. Despite 2021 being a gloomy year for the UK automotive sector, there may be a potential recovery this year, and the primary reason for this optimism is the significant boost in the number of electric vehicles built in the UK. The sector has been getting massive investments and is supporting the UK’s transition towards a zero-emission future. On 3 February, EV battery startup Britishvolt and mining giant Glencore announced that a new UK battery recycling plant would be developed by them together. The plant would support in reusing costly essential raw materials used in EV manufacturing, such as cobalt and lithium, and it is all set to launch in 2023 at a Glencore operation’s site in Northfleet. A minimum of 10,000 tonnes of lithium-ion batteries would potentially be recycled at the facility every year. However, the information regarding the investment and employment opportunity this project would bring in has’t been disclosed yet.

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