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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.

GEM inks cobalt deal with Glencore GEM inks cobalt deal with Glencore GEM inks cobalt deal with Glencore GEM inks cobalt deal with Glencore GEM inks cobalt deal with Glencore

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.