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EU to launch battery raw materials investment fund

Fri, 05/03/2019 - 13:38 -- John Shepherd
Maros Sefcovic

Two of Europe’s leading institutional banks are set to back the launch of a raw materials investment facility to support future batteries production in the EU.

The European Investment Bank and the European Bank for Reconstruction and Development (EBRD) will underpin the facility which could be launched by the end of this year, EU energy chief and European Commission vice-president Maros Sefcovic has revealed.

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