South African exec. Gary Nagle-led Glencore halts some cobalt deliveries after Congo ban
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South African exec. Gary Nagle-led Glencore halts some cobalt deliveries after Congo ban
Key PointsGlencore declared force majeure on some cobalt deliveries after Congo suspended exports to ease a supply glut that had depressed global prices.Glencore shifted $30 billion in mining assets, including coal and copper, into its Australian unit, doubling its asset base and signaling deal readiness.Cobalt prices have risen 35% since the export freeze, though it’s unclear if Congo will extend the ban or introduce quotas post-June.Glencore P…
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