Cobalt Holdings

Investor: Glencore

Cobalt Holdings, an electric vehicle battery materials investment company, is set to list on the London market with Glencore as a cornerstone investor, aiming to raise £180 million to fund an initial purchase of cobalt worth $200 million from Glencore. Summary of transaction details: Value: £180 million Sector: Industrials & Energy Advisor: Citi Key Entities: Cobalt Holdings, Glencore Location: London Note: The listing is expected to be among London's first flotations of the year, and the move is intended to bolster global prices for cobalt, used in electric vehicle batteries and smartphones.