GM and Glencore Enter Multi-Year Cobalt Supply Agreement

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.