News
COBALT: China plans to boost cobalt reserves as virus spurs supply risks
- Date: 20-08-20
- Category: COBALT
- Source: Mining.com
China’s state stockpiling agency has drawn up plans to buy 2,000 tonnes of cobalt after the coronavirus pandemic highlighted the fragility of supplies of the strategic mineral.
View full storyCOBALT: Tesla to buy cobalt from Glencore for new car plants
- Date: 16-06-20
- Category: COBALT
- Source: Financial Times
Tesla will buy cobalt from Glencore for use in two new car plants in a deepening of ties between Elon Musk’s electric car maker and the Swiss mining group. Glencore will supply Tesla’s new Shanghai Gigafactory and its planned Berlin facility with the metal used in lithium-ion batteries, according to people familiar with the matter.
View full storyCOBALT: Restrictions on sourcing of cobalt are changing
- Date: 10-03-20
- Category: COBALT
- Source: PV Magazine
New EU regulations, which are set to come into effect in 2021, impose significantly stricter compliance obligations on all companies in the minerals supply chain. All companies, from miners to electronic goods manufacturers, will be required to (i) demonstrate that they have the correct due diligence practices in place; (ii) identify other actors in their supply chains; and (iii) verify that these other actors have also implemented the correct procedures.
View full storyCOBALT: Glencore secures five-year deal to supply cobalt to Samsung SDI
- Date: 10-02-20
- Category: COBALT
- Source: Reuters
LONDON (Reuters) - Glencore signed a five-year deal to supply battery maker Samsung SDI with up to 21,000 tonnes of cobalt, the miner and trader said on Monday.
View full storyCOBALT: Tesla in talks to buy cobalt from Glencore
- Date: 15-01-20
- Category: COBALT
- Source: Financial Times
Tesla is in talks to buy supplies of the battery metal cobalt from Glencore for its new factory in Shanghai, according to people familiar with the matter. The electric carmaker has held recent discussions with the Switzerland-based miner over a long-term supply deal though no final agreement has been signed, they said.
View full storyCOBALT: Glencore acquires land rights from DRC state partner
- Date: 20-12-19
- Category: COBALT
- Source: Financial Times
Glencore’s subsidiary in the Democratic Republic of Congo has acquired land for a new tailings storage facility from state miner and partner Gécamines. Katanga, which is almost 100 per cent owned by Glencore following a recent debt-for-equity swap, will pay up to $250m under the deal for the rights to the land. The agreement will help to mitigate the risks resulting from land constraints and “enhance its ability to more efficiently operate the mines,” Katanga said in a press release.
View full storyCOBALT: Tesla among companies sued for complicity over child labor in Congo
- Date: 18-12-19
- Category: COBALT
- Source: Auto News
NEW YORK -- Five of the world's largest tech companies, including electric vehicle maker Tesla Inc., have been accused of being complicit in the death of children in the Democratic Republic of Congo forced to mine cobalt, a metal used to make telephones and computers, in a landmark lawsuit.
View full storyCOBALT: SK Innovation inks six-year agreement with Glencore for cobalt supply
- Date: 04-12-19
- Category: COBALT
- Source: Mining Weekly
Petroleum refining company SK Innovation has signed a six-year agreement with global mining and commodities trader Glencore for up to 30 000 t of cobalt contained in hydroxide between 2020 and 2025.
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