The Green Energy Race - Glencore, Stellantis, PowerCo To Back $1B SPAC Mining Deal In Brazil
Portfolio Pulse from Shivani Kumaresan
Glencore, Stellantis, and Volkswagen's PowerCo are expected to support a $1 billion mining deal in Brazil by SPAC ACG Acquisition company. The deal involves acquiring two mines, Atlantic Nickel and Mineraçao Vale Verde, which will be renamed ACG Electric Metals after the transaction. The mines will supply critical minerals to car manufacturers, strengthening the EV supply chain in Western countries.
June 12, 2023 | 11:48 am
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Glencore supports a $1 billion mining deal in Brazil by SPAC ACG Acquisition company, which will strengthen the EV supply chain in Western countries.
Glencore's support for the $1 billion mining deal in Brazil will strengthen the EV supply chain in Western countries, which is likely to have a positive impact on the company's stock price in the short term. The acquisition of the mines will provide Glencore with access to critical minerals for car manufacturing, which is a growing market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Stellantis supports a $1 billion mining deal in Brazil by SPAC ACG Acquisition company, which will strengthen the EV supply chain in Western countries.
Stellantis' support for the $1 billion mining deal in Brazil will strengthen the EV supply chain in Western countries, which is likely to have a positive impact on the company's stock price in the short term. The acquisition of the mines will provide Stellantis with access to critical minerals for car manufacturing, which is a growing market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Volkswagen's PowerCo supports a $1 billion mining deal in Brazil by SPAC ACG Acquisition company, which will strengthen the EV supply chain in Western countries.
Volkswagen's PowerCo's support for the $1 billion mining deal in Brazil will strengthen the EV supply chain in Western countries, which is likely to have a positive impact on the company's stock price in the short term. The acquisition of the mines will provide Volkswagen's PowerCo with access to critical minerals for car manufacturing, which is a growing market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80