GM secures Aussie cobalt for batteries
Enters deals to source critical battery metal from Glencore Metal Tech News - April 13, 2022
Last updated 7/12/2022 at 2pm
In another deal to secure the raw materials it needs to produce enough Ultium batteries to power up to 1 million electric vehicles per year by 2025, General Motors struck a multi-year agreement to purchase cobalt from Glencore's Murrin Murrin operation in Western Australia.
A rare and critical metal, cobalt plays an important role in improving the energy density and longevity of the lithium-ion...