OPERATIONS

FREYR signs 'ethical cobalt' deal with Glencore

Norwegian battery cell developer FREYR has agreed to purchase 3,700 tonnes of “ethically sourced” cobalt metal cut cathodes from Anglo-Swiss miner Glencore.

 FREYR and Glencore signed an MOU in December

FREYR and Glencore signed an MOU in December

The cobalt cathodes, which will be produced at Glencore's Nikkleverk facility in Norway, will be a core component in FREYR's lithium-ion battery (LIB) cells to be produced at planned facilities in the town of Mo i Rana.

FREYR and Glencore signed an agreement in December that included collaboration on standards and traceability schemes for artisanal cobalt mining.  

The MOU also covered joint research and development (R&D) projects that will "adjust the quality, shape or form" of Glencore's raw materials, and cooperation on blockchain technology.

"We look forward to helping FREYR achieve its goal of producing batteries with the world's lowest lifecycle carbon footprint and contributing to our ambition of net-zero total emissions by 2050," said Nico Paraskevas, head of copper and cobalt marketing, Glencore.

Glencore is an investor in a new company to be called FREYR Battery that will be created through a "business combination" between FREYR and Alussa Energy Acquisition Corp. The combined company is expected to start trading on the NYSE in the second quarter of 2021.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions