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.

Latest News

SSAB achieves IEA threshold for near-zero CO2e emissions steel

SSAB Zero steel produced with hydrogen-reduced iron from HYBRIT technology is the world’s first... Read more

Trafigura expands $400M US EXIM-Backed Revolving Credit Facilities

Trafigura, a global leader in the commodities industry, has successfully renewed and expanded the scope... Read more

Bunge and Bangkok Produce Merchandising expand soy supply partnership

Bunge and Bangkok Produce Merchandising Public Company Limited, a subsidiary of Charoen Pokphand Group... Read more

NGFA applauds Senate confirmation of USDA Under Secretaries

The National Grain and Feed Association (NGFA) has commended the U.S. Senate for confirming three key... Read more

Agreement secures long-term bulk logistics capacity for South African miner

Transnet SOC Ltd and Tshipi é Ntle Manganese Mining (Pty) Ltd have concluded a milestone 10-year... Read more

Bühler appoints Mike Häfeli as the new CEO of Grains and Food business

Bühler Group has announced a key leadership transition within its Grains & Food business. After... Read more

ADM increases export capacity with expanded Windsor, Ontario grain terminal

ADM Agri-Industries in Windsor has celebrated the opening of its expanded grain terminal at the Port... Read more

Anglo American and Teck to combine to form global critical minerals champion

Anglo American plc and Teck Resources Limited have announced that they have reached an agreement to... Read more

Ag leaders urge Senate to confirm Dr. Julie Callahan as Chief Negotiator

The National Grain and Feed Association (NGFA), joined by 89 agricultural organizations, has voiced... Read more

Rio Tinto streamlines to unlock additional shareholder value

Rio Tinto has announced a new operating model and executive team to shape the company’s next chapter... Read more