RE: RE: RE: Ref: SP29 May 2019 15:13
Glencore announces ‘long-term’ cobalt supply deal with Umicore
Belgian battery materials maker says agreement helps guarantee security of supply
© Bloomberg
May 29, 2019 9:01 am by Henry Sanderson in London
Glencore has announced a “long-term” deal to supply cobalt to Belgium’s Umicore, Europe’s largest producer of battery materials for the electric car industry.
The cobalt will be sourced from Glencore’s two large copper and cobalt mines in the Democratic Republic of Congo, which do not involve any form of child labour, Umicore said.
The agreement “guarantees Umicore’s security of supply for a substantial part of its longer-term cobalt needs for its expanding global battery materials value chain,” it said.