How a Trader’s Cobalt Treasure Is Making Its to America’s Strategic Vault – Moby Mining major Glencore has agreed to buy metals trader Rami Weisfisch’s last cobalt reserves: nearly 2,000 metric tons worth $115 million. In a good example of how brokers work, the traded cobalt was originally acquired in 2015 and stored in Europe…
Orion Minerals is set to secure a $250 million binding prepayment facility from Glencore to support the development of its Prieska Copper Zinc project in South Africa. The agreement, executed through Orion subsidiary Prieska Copper Zinc Mine (PCZM), involves the sale of bulk copper and zinc concentrates, facilitating the Uppers development and partially financing the…
Metallium has announced a binding electronic scrap supply agreement between its subsidiary Flash Metals USA and Glencore. Glencore is a recycler of end-of-life electronics, lithium-ion (Li-ion) batteries and other products containing critical metals. Under the agreement, Glencore will supply Metallium with up to 2,400 tonnes per year (tpy) of electronic scrap for its operations in…
