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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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