Tesla will buy cobalt from Glencore in bid to avoid supply squeeze
Contract will help the carmaker shore up stockpiles for new plants in China and Germany
16 June 2020 - 20:42
New York — Tesla will buy cobalt from Glencore, the world’s biggest miner of the metal, as the carmaker aims to avoid a future supply squeeze on the battery metal, a person familiar with the matter says.
The contract will help Tesla shore up its cobalt supply for new plants in China and Germany, said the person, who asked not to be identified as the details are private...
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