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Glencore

Britishvolt and Glencore sign strategic partnership for long-term supply of cobalt

Fri, 09/03/2021 - 15:06 -- Paul Crompton

Gigafactory firm Britishvolt has entered a cobalt supply agreement with Glencore as the UK company looks to secure a raw material supply chain for its lithium-ion ambitions.

Britishvolt will take a minimum of 30% of all its cobalt requirements from Switzerland-based Glencore, which has also made an undisclosed investment into the battery hopeful as part of the deal.

Ben Kilbey, chief communications officer at Britishvolt, told BEST there was no timeline on its deal, it was just a “long-term partnership”. 

Britishvolt announced in July it had been granted planning permission to construct its lithium-ion facility in Northumberland, UK.

The project will be built in three, 10GWh phases to a total capacity of 30GWh from 2027 onwards.

Orral Nadjari, Britishvolt CEO/founder said that by partnering with Glencore, the firm was able to “lock in supply” and “derisk the project”.

He said: “Cobalt is a key ingredient in electric vehicle batteries and knowing that we are being supplied with responsibly produced cobalt is a signal to the market that we are living by our values.”

David Brocas, head cobalt trader, Glencore, said: “As the mobility and energy transition accelerates, so does future demand for battery metals such as cobalt, copper and nickel.”

Britishvolt is on target to manufacture some of the world’s most sustainable, low carbon battery cells on the site of the former Blyth Power Station coal stocking yard located in Cambois, Northumberland.

Britishvolt is part of a consortium of seven UK-based organisations that have signed a memorandum of understanding to develop prototype solid-state batteries for automotive applications. 

Britishvolt signed a memorandum of understanding (MoU) with the Welsh government in July, 2020, but within a month had announced it was planning to build its plant in Northumberland.

BEST interviewed the firm’s chief strategy officer Isobel Sheldon about the company’s plans to build the UK’s first gigafactory in the Autumn 2020 edition of the magazine. You can read the interview here

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Lithium-ion supply chain launches end-to-end cobalt traceability initiative

Fri, 05/28/2021 - 09:22 -- Paul Crompton
Lithium-ion supply chain launches end-to-end cobalt traceability initiative

Companies from the lithium-ion industry will pilot a system for tracing responsibly produced cobalt from the mine to the end product.

The Re|Source system will be piloted by metals and mining companies CMOC, Eurasian Resources Group (ERG) and Glencore in collaboration with battery material supplier Umicore.

An unnamed “global EV pioneer” and an unnamed “leading battery maker” are also part of the pilot. 

The pilot will run until the end of 2021, with the roll-out of the final solution expected next year.

The system will be tested in real operating conditions, from upstream cobalt production sites in the Democratic Republic of the Congo (DRC) to downstream electric vehicle production sites.

Founded by CMOC, ERG and Glencore, and launched in 2019, Re|Source was later joined by Umicore, as well as the battery and EV company. 

The system uses various technologies, including: blockchain and Zero-Knowledge Proofs, to link digital flows with physical material flows on the ground. 

The system is supported by boutique technology studio Kryha, which is experienced in carbon footprint and metals traceability and known for projects with the World Economic Forum. 

Re|Source also has a direct link with the Battery Passport project of the Global Battery Alliance (GBA), through ERG, Umicore, Glencore and other Re|Source pilot partners, members of the GBA. 

Ivan Glasenberg, CEO of Glencore, said: “Blockchain technology offers us an unprecedented ability for traceability in the supply chain. 

"Through this pilot, we are supporting the development of this tool for our customers who seek to understand and demonstrate the origin of the cobalt units in their products. 

"But traceability is not enough on its own, it must be part of a wider industry effort to bring improvements to the entire cobalt supply chain. 

"This starts with responsible sourcing compliance, for example through RMI; the collective use of wider ESG standards such as CIRAF and ICMM; and supporting the artisanal and small-scale mining (ASM) sector in the Democratic Republic of Congo (DRC) sector through multi-stakeholder initiatives like the Fair Cobalt Alliance (FCA).”

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Tesla and Glencore remain tight-lipped over cobalt supply deal for China gigafactory

Thu, 01/16/2020 - 14:55 -- Paul Crompton

Electric vehicle OEM Tesla has been in talks with Glencore in a bid to secure a cobalt supply chain for lithium-ion battery packs used at its China gigafactory, according to reports.

Swiss firm Glencore has been in negotiations for a long-term contract to ship cobalt to Tesla’s electric-vehicle factory in Shanghai, according to news outlet Bloomberg.

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Glencore closes 50-year-old lead smelter in Canada for economic reasons

Fri, 11/15/2019 - 13:23 -- Paul Crompton

Glencore Canada Corporation will begin decommissioning its Brunswick lead smelter immediately and cease all operations at the Belledune, Canada, facility by the end of the year.

The facility, which opened in 1966, was closed for financial reasons with the company saying the smelter had lost on average $30 million per year for the past three years.

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Umicore tightens cobalt supply grip with Glencore deal

Wed, 05/29/2019 - 10:28 -- John Shepherd
Umicore tightens cobalt supply grip with Glencore deal

Swiss mining company Glencore has signed a deal to supply cobalt hydroxide for Umicore’s battery materials operations.

The long-term revolving agreement comes just days after Umicore announced it was expanding with its planned acquisition of Freeport Cobalt’s cobalt refining and cathode precursor activities in Finland.

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BMW signs ‘transparent’ battery cobalt supply deals

Wed, 04/24/2019 - 11:35 -- John Shepherd
BMW signs ‘transparent’ battery cobalt supply deals

BMW is to buy cobalt for its electric vehicle (EV) batteries directly from mines in Australia and Morocco to ensure “complete transparency” about the origin of the raw material.

A spokesperson for the German carmaker told BEST Battery Briefing today the move to obtain supplies outside of the Democratic Republic of the Congo (DRC) would “eliminate any residual risks of human rights violations in the mining of cobalt”.

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China battery recycler GEM signs Glencore cobalt supply deal

Mon, 03/19/2018 - 11:42 -- Xuan Zhong
China battery recycler GEM signs Glencore cobalt supply deal

Chinese battery recycler GEM has signed a three-year colbalt materials supply deal with Swiss mining company Glencore.

GEM said the move would secure materials needed to supply batteries to China’s growing electric vehicle market.

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China’s CATL ‘plans Europe battery plant’

Tue, 09/26/2017 - 09:47 -- News Editor
China’s CATL ‘plans Europe battery plant’

Chinese lithium-ion battery maker Contemporary Amperex Technology Ltd (CATL) is to open a production base in Europe, according to state media.

China’s Xinhua News Agency said CATL is “planning to build a new plant in Europe to meet the rising demand of the continent” for electric vehicle batteries.

 

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VW unveils $60bn batteries investment plan

Tue, 09/12/2017 - 11:41 -- News Editor
VW unveils $60bn batteries investment plan

Volkswagen has announced plans to invest more than EUR50 billion ($60bn) in battery cells and related technology, towards the electrification of its entire model portfolio by 2030 "at the latest".

CEO Matthias Mueller (pictured) said the group has already launched a global tender process to find manufacturing partners in China, Europe and North America— as VW will “need more than 150GWh of lithium-ion battery capacity annually by 2025 for its own e-fleet alone”.

Full report in the next edition of BEST Battery Briefing, out on 18 September. Subscribe now to receive your FREE copy by e-mail.

 

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Glencore bullish on boost for EVs, storage

Fri, 08/18/2017 - 10:07 -- News Editor
Glencore bullish on boost for EVs, storage

Switzerland-based mining and commodities giant Glencore has increased its earnings guidance for 2017 because of an expected “large scale” push for electric vehicles and energy storage systems.

CEO Ivan Glasenberg (pictured) said in half-year results released on 10 August the group had increase its full-year marketing adjusted earnings before interest and tax (EBIT) guidance by $100 million to between $2.4 billion and $2.7bn.

 

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