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GEM inks cobalt deal with Glencore

Major China industrial group GEM Co has nailed down its cobalt supply for the mid-term with a five-year deal that would see the world’s largest producer of the battery metal, Glencore, deliver about a fifth of its cobalt hydroxide production for the period.

Staff reporter
Bus loads of cobalt: GEM has secured five years' supply to fuel its transition to clean energy

Bus loads of cobalt: GEM has secured five years' supply to fuel its transition to clean energy

The deal ensured Glencore would provide a minimum 61,200 tonnes of Cobalt to GEM between 2020 and 2024, the equivalent of roughly one year's production at current rates. China has led the strategic...

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