Apr 2022

GM Reaches Cobalt Supply Deal

General Motors inked a deal with Glencore to secure cobalt from the global miner’s Murrin Murrin operation in Australia, as it boosts electric vehicle production to meet rising demand. The cobalt will be used in GM’s Ultium battery cathodes, which powers the Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyriq vehicles, the companies said in a joint statement.

Cobalt, a metal that makes up 0.001 percent of the earth’s crust, provides EV batteries with energy density that increases the range of electric vehicles and boosts their life.