GM and Glencore Enter Multi-Year Cobalt Supply Agreement

May 16, 2022

GM and Glencore Enter Multi-Year Cobalt Supply AgreementBackAgreement represents initial strategic collaboration between the two companiesCobalt provides EV batteries with energy density and longevityGM’s EV supply chain strategy prioritizes environmental sustainabilityBAAR, Switzerland and DETROIT – Glencore and General Motors Co. announced today a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. The agreement builds on a commitment both companies share to create strong, sustainable and resilient supply chains through collective industry and multi-stakeholder platforms. “GM and our suppliers are building an EV ecosystem that is focused on sourcing critical raw materials in a secure sustainable manner,” said Jeff Morrison, GM vice president, Global Purchasing and Supply Chain. General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement.

The source of this news is from General Motor

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