Glencore is one of the world’s leading industrial producers and marketers of cobalt, a metal expected to become one of the most important raw materials in the transition towards a low-carbon economy due to its use in rechargeable batteries and renewable energy technologies.
Cobalt in figures - 2021
of cobalt produced at our assets
Uses of cobalt
Today’s rechargeable batteries powering devices such as cameras, mobile phones, and laptops all rely on cobalt. Even small amounts of this metal help regulate a battery’s temperature. It makes them safer, last longer and store more power.
And it’s these qualities that make cobalt so important in the much larger batteries of renewable energy technologies and electric vehicles.
Cobalt also finds applications in medical imaging technologies, and, as a superalloy, is used in aircraft engines and in hard metals used as sharp cutting edges or for drilling.
Cobalt is mainly produced as a by-product at assets that produce copper or nickel.