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Samsung SDI, Glencore sign cobalt deal

Battery maker secures 5-year supply from global cobalt miner Metal Tech News Weekly Edition – February 12, 2020

Glencore Plc Jan. 10 announced that it has signed an agreement to provide Samsung SDI with a five-year supply of cobalt hydroxide, a key ingredient in the lithium-ion batteries used in electric vehicles, smartphones, computers and other electronic devises.

Under the terms of this supply contract, Glencore will provide up to 21,000 metric tons of cobalt contained in cobalt hydroxide between 2020...

 

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