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DRC: Glencore, Samsung cobalt supply deal

Business Africa

Glencore, the brokerage and raw materials extraction company, has agreed to supply Samsung with 21,000 tonnes of cobalt over the next 5 years.

The five-year agreement between the Anglo-Swiss and Korean giants which is already being studied also aims to conclude long-term supply agreements with key players in the supply chain of lithium-ion batteries.

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