GM Signs Multi-Year Deal for Cobalt from Glencore
GM has signed a multi-year deal to source cobalt from Australia, to be used in its Ultium batteries, just as production of EVs on the Ultium platform picks up.
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GM has signed a multi-year deal to source cobalt from Australia, to be used in its Ultium batteries, just as production of EVs on the Ultium platform picks up.
Known for its heat-resistant properties, cobalt is added to lithium-ion battery cathodes to improve energy density and battery longevity.
GM secures a deal to supply it with a critical material for EV batteries in the future.
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