Glencore and General Motors Enter Multi-Year Cobalt Supply Agreement

Glencore International AG of Switzerland and General Motors Co (GM) of Detroit, MI have announced a multi-year sourcing agreement under which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. The cobalt will be used in GM’s Ultium battery cathodes.

Jeff Morrison, GM’s VP/Global Purchasing and Supply Chain, said, “GM and our suppliers are building an EV ecosystem that is focused on sourcing critical raw material in a secure, sustainable manner. Importantly, given the critical role of EVs in reducing the carbon footprint of the transportation sector, this agreement is aligned with our approach to responsible sourcing and supply chain management.”

By the end of 2025, GM plans to have capacity to build one million electric vehicles in North America, and has announced a series of actions to create a new and more secure EV supply chain, including projects targeting key EV materials and components.

These actions include: cathode active material with POSCO, lithium with Conrolled Thermal Resources, rare earth materials with GE, alloy flakes with MP Materials, and permanent magnets with VAC (Vacuumschmelze) of Germany.

Volume 36, Issue 08

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