Glencore Cobalt Deal Deepens Role In Western Critical Mineral Security
Glencore (LSE:GLEN) has agreed a cobalt supply deal with the US government that taps what is described as the last major private cobalt stockpile held by trader Rami Weisfisch. The agreement is intended to support the US strategic stockpile and reduce reliance on Chinese linked supply chains for a key defense and battery metal. The move places Glencore at the center of Western efforts to secure critical minerals as governments focus more on supply chain security. For investors looking at...
Glencore (LSE:GLEN) has agreed a cobalt supply deal with the US government that taps what is described as the last major private cobalt stockpile held by trader Rami Weisfisch. The agreement is intended to support the US strategic stockpile and reduce reliance on Chinese linked supply chains for a key defense and battery metal. The move places Glencore at the center of Western efforts to secure critical minerals as governments focus more on supply chain security. For investors looking at...