Glencore in talks to supply cobalt to Tesla’s new EV factory in China
The deal will help Tesla avoid a supply squeeze on the key battery metal
15 January 2020 - 17:14
Glencore is negotiating a long-term contract to ship cobalt to Tesla’s new electric-vehicle factory in Shanghai, according to people familiar with the matter.
A deal would help Tesla avoid a supply squeeze on the key battery metal as it pushes into the world’s largest car market, and marks a win for Glencore after a tough spell for its cobalt business...
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