Glencore, Freyr agree letter of intent for cobalt metal supply

Glencore International has agreed a letter of intent for cobalt metal supply to battery cell producer Freyr, the company said on Monday February 1.

The Swiss trader-producer will supply up to 3,700 tonnes of high-purity cut cobalt cathode produced at its Norwegian operations, Nikkelverk, to Freyr’s planned facilities in Mo i Rana in Norway, it said without disclosing the time period for the intended supply.

Fastmarkets’ assessment for cobalt...

Published

Susan Zou

February 01, 2021

10:55 GMT

Shanghai