GM Strikes Deal to Secure Cobalt for Electric-Car Batteries
GM Strikes Deal to Secure Cobalt for Electric-Car Batteries
Tuesday, April 12, 2022
General Motors Co. GM 0.31% ▲ has struck a multiyear agreement to source cobalt from commodities firm Glencore GLNCY -2.86% ▼ PLC, the latest in the auto industry’s rush to secure key battery ingredients for electric vehicles as raw materials prices rise.
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