By Kyle Morris

 

Glencore PLC said Wednesday that it has entered into a partnership with Managem for the production of cobalt from recycled battery materials in Morocco.

The FTSE 100 natural-resources major said the companies will produce cobalt at Managem's CTT Hydrometallurgical Refinery at Guemssa, near Marrakech.

The partnership is conditional on a feasibility study to assess the commercial viability of the refinery for recovering cobalt, nickel and lithium from black mass, a refinery feed comprised of recycled lithium-ion batteries, it said.

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

January 26, 2022 04:47 ET (09:47 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Glencore (LSE:GLEN)
Historical Stock Chart
From Apr 2022 to May 2022 Click Here for more Glencore Charts.
Glencore (LSE:GLEN)
Historical Stock Chart
From May 2021 to May 2022 Click Here for more Glencore Charts.