Britishvolt has secured a lifeline from commodities trader Glencore, giving the battery start-up enough cash to last through early December and pull the company back from the brink of bankruptcy.

Glencore, one of Britishvolt’s main investors, has provided the company with less than £5million, people familiar with the matter have told the FT.

The group has raised enough money for five more weeks of operation, chairman Peter Rolton told the Financial Times without confirming it…

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