Glencore, SK Innovation agree six-year cobalt supply deal for EV batteries

Glencore has signed a six-year deal to supply cobalt hydroxide to South Korea-based electric vehicle (EV) battery maker SK Innovation, the Swiss miner-trader announced on Wednesday December 4.

SK Innovation will purchase up to 30,000 tonnes of cobalt contained in hydroxide between 2020 and 2025.

“This newly established partnership demonstrates the continuation of Glencore’s cobalt hydroxide marketing strategy to secure long-term supply agreements with key players...

Published

Susan Zou

December 04, 2019

08:39 GMT

Shanghai