LSE:GLENMetals and Mining
Glencore Cobalt Deal Links U.S. Stockpiles With Critical Mineral Narrative
Glencore has acquired the remainder of veteran trader Rami Weisfisch's cobalt stockpile.
The deal is linked to efforts to supply critical metals to U.S. government programs such as Project Vault.
The transaction comes as Western buyers look to reduce reliance on China influenced supply chains for key battery materials.
LSE:GLEN is closely tied to global battery metals markets, so this cobalt purchase puts the company directly in the flow of U.S. government sourcing plans. The move comes...