Tesla in Talks to Buy Glencore Cobalt for Shanghai Car Plant

Read The Full Article On: Bloomberg

Glencore Plc is negotiating a long-term contract to ship cobalt to Tesla Inc.’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 mark a win for Glencore after a tough spell for its cobalt business

Read The Full Article On: Bloomberg

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