Glencore and Moroccan mining group Managem to produce recycled cobalt

Glencore and Managem have entered into a partnership to produce cobalt from recycled cobalt, nickel and lithium at the Moroccan mining firm’s CTT Hydrometallurgical Refinery near Marrakech.

The diversified mining giant will enter into a 5-year tolling agreement with Managem’s subsidiary CTT for around 1,200 tonnes of recycled cobalt per year, as well as nickel hydroxide and lithium carbonate.

The deal reflects Glencore’s ambition to support the global energy transition and the electric vehicle (EV) industry in achieving its metals recycling targets. The company will leverage its Canadian (Sudbury) and Norwegian (Nikkelverk) operations to supply cobalt containing black mass to the CTT refinery.

Meanwhile, Managem will provide the lithium-ion batteries recycling technology developed and tested in the pilot plant at the REMINEX R&D Centre. This technology enables a high recovery rate of cobalt, nickel and lithium from black mass.

Glencore will also market the recycled products to its global network of portable electronics and automotive customers.

“As the world seeks to address the challenge of climate change, primary/recycled cobalt and other future facing commodities are set to play a pivotal role in decarbonising energy consumption and delivering the electric vehicle revolution,” said Glencore’s head cobalt trader David Brocas.

“Glencore is already a leading producer, recycler and supplier of these commodities, helping to underpin our ambition of achieving net zero total emissions by 2050.”

@RGNonline