No 1 source of global mining news and opinion
Trenching performed by C3 at an exploration site in La Cobaltera, San Juan District, Chile. Credit: Chilean Cobalt Corp.
Under the agreement, Chilean Cobalt will supply Glencore with 100% of the cobalt and copper production from La Cobaltera for an initial period of five years. The sales price will be based on an agreed-upon pricing formula linked to future prevailing market prices. This arrangement, C3 says, is in line with ongoing discussions with certain third parties regarding its strategy to establish an Americas-centric cobalt supply chain and works to satisfy its own conditions precedent regarding a potential project financing.Through the offtake agreement, C3 is expected to be able to leverage Glencore’s own capabilities and global network as one of the world’s leading industrial producers and marketers of cobalt.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hedge funds are hoarding cobalt amid battery metal slumpNo 1 source of global mining news and opinion
Read more »
Gecamines opposes deal for Trafigura-backed cobalt minerNo 1 source of global mining news and opinion
Read more »
The Metals Company, SGS make world’s first cobalt sulphate from seafloor nodulesNo 1 source of global mining news and opinion
Read more »
Congo’s Gecamines threatens to intervene in sale of cobalt firmNo 1 source of global mining news and opinion
Read more »
Palestinian-Chilean Artist Elyanna Won’t Stop Advocating for Her People“I will always speak for my people,” Palestinian-Chilean artist Elyanna tells Refinery29 Somos. “That's something that comes [naturally] to me every day of my life. It comes with a lot of challenges, but I will always continue to do that.”
Read more »
2 Chilean nationals charged after burglary leads to pursuit, crash in OCIn 2022, 350,000 Chilean nationals entered the US through the ESTA visa waiver program without background checks.
Read more »