By Shane Lasley
Metal Tech News
GM secures Aussie cobalt for batteries
Enters deals to source critical battery metal from Glencore Metal Tech News - April 13, 2022
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Last updated 7/12/2022 at 2pm
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Cobalt, a metal that makes up only around 0.001% of the elements in the Earth's crust, is added to lithium-ion battery cathodes to improve energy density and longevity.
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...
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