Port of StocktonBühler GmbHThe Wolfson Centre for Bulk Solids Handling Technology Port of BelleduneCimbria Bulk Equipment A/SCoaltrans Poland 2020
  • Port of Belledune
  • Sailors Society
  • TOC Events
  • Vigan
  • TBA Group
  • Coaltrans MENA 2020

Glencore and GEM extend cobalt partnership

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

Glencore results reflect trade uncertainty

(Posted on 18/02/20)

Glencore’s Chief Executive Officer, Ivan Glasenberg, commented: “Our performance in 2019... Read more


IFA conference champions sustainability

(Posted on 18/02/20)

From February 3rd to 7th, the International Fertilizer Association (IFA) welcomed 170 leaders from the... Read more


USGC plan trade strategy

(Posted on 14/02/20)

Members of the U.S. Grains Council (USGC) arrived in Tampa, Fla., for the organization’s winter... Read more


Bühler reports good performance

(Posted on 14/02/20)

In 2019, Bühler delivered good performance at Group level, increasing the EBIT margin to 7.6% (... Read more


Tomakomai CCS demonstration

(Posted on 13/02/20)

The World Coal Association (WCA) have been invited to visit the Tomakomai CCS Demonstration Centre in... Read more


Rusal’s new Japan director

(Posted on 13/02/20)

RUSAL, one of the world’s major producers of aluminium, has appointed Ayumi Murakami as Representative... Read more


Rusal’s eco-friendly investment

(Posted on 02/02/20)

Rusal, one of the world’s largest aluminium producers, has invested approximately 600 million... Read more


Cleveland-Cliffs and AK Steel merger advances

(Posted on 31/01/20)

Cleveland-Cliffs Inc., the largest and oldest independent iron ore mining company in the United States... Read more


First for SSY Futures

(Posted on 31/01/20)

SSY Futures Ltd is pleased to announce that it has arranged the first trade in Mid-Western Aluminium... Read more


CDP recognises ArcelorMittal

(Posted on 31/01/20)

ArcelorMittal has been recognised by CDP for its leadership on corporate transparency and action on... Read more


ViganTBA GroupCoaltrans School of Coal Singapore 2020TOC EventsCoaltrans MENA 2020Cleveland Cascades Ltd
  • Bühler GmbH
  • Cimbria Bulk Equipment A/S
  • Coaltrans Poland 2020
  • The Wolfson Centre for Bulk Solids Handling Technology

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping