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Samsung SDI Co., Ltd. (006400.KS)

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  • Glencore secures five-year deal to supply cobalt to Samsung SDI
    Reuters

    Glencore secures five-year deal to supply cobalt to Samsung SDI

    Glencore <GLEN.L> signed a five-year deal to supply battery maker Samsung SDI <006400.KS> with up to 21,000 tonnes of cobalt, the miner and trader said on Monday. In the last year, Glencore has agreed cobalt supply deals with battery maker SK Innovation <096770.KS>, China's GEM Co Ltd, Umicore <UMI.BR> and BMW <BMWG.DE>. Glencore produced 46,300 tonnes of cobalt in 2019, up 10% from the previous year and but expects to churn out 29,000 tonnes this year after shutting as its Mutanda mine in the Democratic Republic of Congo.