COBALT INSTITUTE CONF 2021: Glencore 'will not hesitate' on Mutanda restart but conditional on demand visibility

Glencore “will not hesitate bringing back online part or all” of its Mutanda copper-cobalt asset in the Democratic Republic of Congo, head cobalt trader David Brocas said.

But a restart is conditional on a clearer profile for cobalt consumption including a long-term commitment to cobalt purchases from buyers, he added on Tuesday May 18 during the Cobalt Institute’s annual conference.

“We want a stable supply chain but that cannot be done without our customers. We encourage them to procure on a long-term basis. [Customers] used to look a year ahead but today are looking at securing hydroxide or metal on...


Charlotte Radford

May 18, 2021

14:12 GMT