Glencore to Supply FREYR with Recycled Cobalt

FREYR of Norway and Glencore International AG of Switzerland have signed a contract for the supply of up to 1,500 tonnes of high grade cobalt metal cut cathodes made from partially recycled cobalt produced at Glencore’s facility in Nikkelverk, Norway.

Tom Einer Jensen, FREYR’s CEO, said, “We are very pleased to progress and expand our relationship with Glencore, a global leader in the supply and recycling of battery raw materials and in the production of cobalt. The agreement aims to supply our production facilities with recycled, sustainably sourced, and traceable cobalt, which will be refined at Glencore’s Norwegian operations as part of a growing local sustainable battery value chain.”

FREYR and Glencore will collaborate closely to minimize their carbon footprint and define actions and milestones to meet the common ambition of 100% carbon neutral material, including the potential use of carbon offsets schemes. The companies will also collaborate to develop a scheme to introduce recycling certificates to document the delivery of recycled material as well as on the collection and processing of battery scrap generated during the production of battery material and cells.

Volume 35, Issue 21

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