Glencore Cobalt Refinery Deal Signifies New Era for Sustainable Sourcing The recent deal between Glencore and a consortium of investors to develop a cobalt refinery in Australia marks a significant turning point in the quest for sustainable sourcing of this critical mineral.
Market demand for cobalt, driven by the electrification of transportation and increasing adoption of renewable energy technologies, has reached unprecedented levels.
Market drivers behind this deal are twofold: market demand and environmental regulations.