- About us
- IBJ Awards
- Free Sample
- Contact us
Glencore and Managem announce cobalt partnership
(Posted on 28/01/22)
Glencore and Managem are pleased to announce that they have entered into a partnership to produce Cobalt from recycled cobalt, nickel and lithium at Managem’s CTT Hydrometallurgical Refinery at Guemssa (37 km from Marrakech).
This partnership highlights Glencore and Managem’s commitments to support the electric vehicle industry in achieving its metals recycling targets.
Glencore and CTT intend to enter into a 5-year tolling agreement for c.1.2kt of recycled cobalt per year as well as Nickel Hydroxide and Lithium Carbonate.
“Demand for cobalt is expected to increase significantly in the next decade, largely driven by the green energy transition, most actors in the supply chain seek to ensure sustainably sourced materials and we strongly believe that recycling will play a crucial role in addressing this demand. Managem is fully engaged in supporting the global circular economy through cobalt, nickel and lithium at the same time as mining cobalt with the highest CSR standards. This partnership with Glencore represents an exciting step up in our development in this field.” declared Imad Toumi, Chairman & CEO of Managem.
“We are proud to announce our partnership with Managem. As the world seeks to address the challenge of climate change, primary/recycled cobalt and other future facing commodities are set to play a pivotal role in decarbonizing energy consumption and delivering the electric vehicle revolution. Glencore is already a leading producer, recycler and supplier of these commodities, helping to underpin our ambition of achieving net zero total emissions by 2050.” said David Brocas, Head Cobalt Trader, Glencore.
The partnership is conditional on a feasibility study to assess the commercial viability of modifying and deploying the CTT Refinery for recovering cobalt, nickel and lithium from black mass – a refinery feed comprised of recycled lithium-ion batteries. The feasibility study will focus on achieving high recoveries and a low carbon footprint. It is expected to be completed by the end of Q1 2022.
The CTT Hydrometallurgical plant will benefit from at least 90% green power (wind farms).
Glencore will leverage its long-established ability in sourcing and recycling cobalt and nickel bearing products at its Canadian (Sudbury) and Norwegian (Nikkelverk) operations to supply cobalt containing black mass to the CTT refinery.
Managem will provide the lithium-ion batteries recycling technology developed and tested in the pilot plant at the REMINEX R&D Centre. This technology enables a high recovery rate of cobalt, nickel and lithium from black mass.
Glencore will market the recycled products to its global network of portable electronics and automotive customers, as part of its continued commitment to support the transition to a low carbon economy, and to realise its own ambition of net zero total emissions by 2050.
This partnership builds on a shared commitment to a responsible cobalt supply chain through collective industry and multi-stakeholder platforms. Both Glencore and Managem participate in the Responsible Minerals Initiative (RMI) Assurance Process for cobalt. Glencore’s KCC and Murrin Murrin and Managem’s Bou-Azzer and Compagnie de Tifnout Tiranimine (CTT) mines are all compliant. Both are also long-standing members of the Cobalt Institute.
Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose... Read more
Australia’s two largest iron ore producers and its biggest steelmaker have partnered in their... Read more
The lithium market is experiencing a period of transition as demand growth slows and the industry adjusts... Read more
The top economist for the cement, concrete, and construction industries anticipates the U.S. economy... Read more
ADM, a global leader in sustainably sourced solutions from nature, has announced that it has loaded... Read more
Mineralmahlwerk (MMW) Hamm, one of the largest processors of mineral raw materials in Europe, and Handels... Read more
Dampier Salt Limited (Dampier Salt) has entered into a sales agreement for the Lake MacLeod salt and... Read more
The Aluminum Association in the USA has released preliminary estimates showing demand for the aluminium... Read more
The National Grain and Feed Association (NGFA) and the North America Export Grain Association (NAEGA... Read more
Rio Tinto has appointed Martina Merz and Sharon Thorne as non-executive directors. Martina Merz will... Read more