GM & Glencore Enter Cobalt Supply Agreement – Green Fleet



The 2024-MY Chevrolet Silverado EV will be offered in a WT model for vocational fleets.  - Photo: Chevrolet

The 2024-MY Chevrolet Silverado EV can be provided in a WT mannequin for vocational fleets. 

Photograph: Chevrolet

Glencore and Common Motors Co. introduced a multi-year sourcing settlement wherein Glencore will provide GM with cobalt from its Murrin Murrin operation in Australia.

Cobalt is a crucial steel within the manufacturing of EV batteries, and the cobalt processed from Australia can be utilized in GM’s Ultium battery cathodes, which is able to energy electrical automobiles such because the Chevrolet Silverado EV, GMC HUMMER EV, and Cadillac LYRIQ.

The settlement builds on a dedication each firms share to create sturdy, sustainable and resilient provide chains by way of collective business and multi-stakeholder platforms, based on a launch. Each Glencore and Common Motors are members of the Accountable Minerals Initiative (RMI), and Glencore’s Murrin Murrin operation is conformant with the OECD-aligned Accountable Minerals Assurance Course of.

“GM and our suppliers are constructing an EV ecosystem that’s targeted on sourcing important uncooked supplies in a safe sustainable method,” mentioned Jeff Morrison, GM vice chairman, World Buying and Provide Chain. “Importantly, given the important function of EVs in decreasing the carbon footprint of the transportation sector, this settlement is aligned with our method to accountable sourcing and provide chain administration.” 

Cobalt is a steel that makes up solely 0.001% of the earth’s crust. It’s identified for its heat-resistant properties and is added to lithium-ion battery cathodes to enhance vitality density and battery longevity.

By the top of 2025, GM plans to have capability to construct 1 million electrical automobiles in North America, and has introduced a sequence of actions to create a brand new and safer EV provide chain, together with tasks focusing on key EV supplies and elements:

Cathode Lively Materials (CAM) with POSCO Chemical. GM and POSCO Chemical are constructing a brand new facility in Quebec, Canada, as a part of their three way partnership to provide CAM for GM’s Ultium batteries.Lithium with Managed Thermal Sources (CTR) to safe lithium produced by the primary stage of its Hell’s Kitchen Challenge in California.Uncommon earth supplies with GE, to develop a uncommon earth worth chain.Alloy flakes with MP Supplies, who will set up the primary North American processing web site for alloy flakes. The corporate will then increase into magnet manufacturing round 2025 at its new manufacturing facility in Fort Value, Texas.Everlasting magnets with VAC, the biggest producer of everlasting magnets within the Western Hemisphere with practically 100 years of expertise. VAC will set up a North American footprint to assist GM’s magnet necessities beginning in 2024, together with regionally sourced uncooked supplies and completed magnet manufacturing.

Initially posted on Work Truck Online



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