Glencore and GEM extend cobalt partnership
(Posted on 09/10/19)
GEM Co. Ltd (GEM) and Glencore have announce that they have entered into a five year agreement for the supply of cobalt hydroxide (cobalt).
Under the terms of the agreement, Glencore will provide a minimum of 61,200 tonnes of Cobalt for GEM between 2020 and 2024.
Mr Xu, Chairman of GEM commented: “GEM is very pleased to announce this long-term strategic co-operation with Glencore. This agreement represents a major cornerstone in GEM’s cobalt sourcing strategy as it will support GEM’s continued contribution to the Chinese New Energy Market.
“In an ever-changing and fast evolving cobalt environment, GEM and Glencore have managed to maintain a very strong working relationship.
“By securing a key battery raw material, GEM clearly demonstrates its ability to implement and deliver its vision for an electrified, carbon-free transportation system.
“GEM will continue focusing on the development and the manufacturing of high quality sustainable cobalt products to meet the fast growing demand for cobalt containing battery products.
“GEM truly appreciates Glencore’s long term approach and its support in establishing a stable and sustainable cobalt supply chain.”
Nico Paraskevas, Head of Marketing, Copper & Cobalt, Glencore, commented: “The extension of our long established partnership with GEM further endorses Glencore’s important role in supplying the materials that enable the energy and mobility transition. Furthermore, this long term partnership provides Glencore with a stable outlet for a significant portion of its expected future Cobalt Hydroxide production.”
Latest News
Rio Tinto reaches four billion tonnes of iron ore shipped to China
(Posted on 22/07/24)Rio Tinto has celebrates the shipment of four billion tonnes of iron ore from the Pilbara in Western... Read more
Africa’s opportunity to build sustainable logistics networks across mining sector
(Posted on 18/07/24)Capt. Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL) has said that Africa’s mining sector... Read more
Conditions on Simandou iron ore investment now satisfied
(Posted on 16/07/24)All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou high... Read more
ADM offers segregated, traceable soybean meal to European customers
(Posted on 12/07/24)ADM, a global leader in innovative solutions from nature, has announced that it is offering fully verified... Read more
Rio Tinto to install carbon free aluminium smelting cells
(Posted on 04/07/24)Rio Tinto will install carbon free aluminium smelting cells at its Arvida smelter in Québec,... Read more
Moonbound appoints ASL for long-term South African lithium logistics project
(Posted on 28/06/24)Moonbound Mining Ltd. has appointed Adhira Shipping and Logistics (ASL) as its logistics contractor... Read more
ADM and Bayer collaboration help farmers achieve lower carbon emissions
(Posted on 19/06/24)ADM and Bayer have announced an extension of their collaboration, working with farmers in a bid... Read more
US House appropriations bill includes reinstatement of NASS reports
(Posted on 14/06/24)A House appropriations subcommittee in the USA has approved its Fiscal Year 2025 bill that includes... Read more
Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter
(Posted on 14/06/24)Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd... Read more
Richards Bay Minerals’ renewable energy agreement
(Posted on 07/06/24)Richards Bay Minerals (RBM) has signed a renewable power purchase agreement (PPA) with Khangela Emoyeni... Read more
