Umicore, Glencore reach cobalt hydroxide long-term revolving agreement

Switzerland-headquartered miner-trader Glencore has reached a long-term revolving agreement to supply Belgian battery-materials manufacturer Umicore AS with cobalt hydroxide, Glencore said on Wednesday May 29.

Glencore will supply materials from its Katanga and Mutanda mining assets located in the Democratic Republic of Congo (DRC) to Umicore's cobalt refineries globally, including the Kokkola refinery in Finland once the ongoing acquisition process is complete.

Late last week, Unicore announced it had reached an agreement with Freeport Cobalt to acquire the latter's cobalt refining and cathode precursor...


Susan Zou

May 29, 2019

10:56 GMT