Glencore and General Motors (GM) have announced a multi-year sourcing agreement for cobalt supplies to bolster supply chains between both companies. The miner will supply GM with cobalt from its Murrin Murrin operation in Australia. The deal continues the clamour among car giants to secure raw materials amid the energy transition and breakthrough of electric vehicles (EV) into the mainstream. Cobalt is a metal known for its heat-resistant properties and is added to lithium-ion battery cathodes to improve energy density and battery longevity. It is a key metal in the production of EV batteries, and the cobalt processed from Australia will be used in GM's Ultium battery cathodes.

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