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GM inks a new deal to acquire one of the rare metals needed for batteries. COVID has caused a multitude of problems with the supply chain just as most major automakers are scrambling to increase EV output!
Glencore and General Motors announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. Cobalt is an important metal in the production of EV batteries, and the cobalt processed from Australia will be used in GM’s Ultium battery cathodes, which...
Glencore and GM have struck a supply deal for cobalt, a key material for EV batteries.
Cobalt is a metal that makes up only 0.001% of the earth’s crust.
General Motors and POSCO Chemical are working with the governments of Canada and Québec to build a new $400-million facility in Bécancour, Québec, to produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ....