Glencore Plans to Shut Giant Cobalt and Copper Mine in Congo

  Glencore Plc is planning to halt production at one of the world’s biggest cobalt mines after prices for the battery metal collapsed and costs at the project increased, according to a person familiar with the situation. The announcement that Glencore will close its Mutanda mine in the Democratic Republic of Congo is expected to come as the company lays out an overhaul of its key African copper and cobalt business when it releases first-half results on Wednesday. It would be another setback for Glencore, which has been dogged by…

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The top miners are split on how to chase the EV battery boom

    BHP and Glencore don’t agree on is which metals will deliver the best long-term exposure to the developing global market. The new Crystalliser at the BHP Billiton Kwinana Nickel Refinery in Kwinana, Western Australia, Australia. Picture: Philip Gostelow/Bloomberg The world’s biggest miners, including BHP Group and Glencore, are finally firm believers in the electric vehicle battery revolution — what they don’t agree on is which metals will deliver the best long-term exposure to the developing global market. BHP has revived a declining nickel unit in Western Australia to…

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