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Electric charge: Glencore bets big on car battery metals

Reuters  |  LONDON 

By Barbara Lewis and Maiya KeidanLONDON (Reuters) - Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.The Anglo-Swiss company's output of cobalt and copper roughly doubled in the five years to 2016, while its production of nickel quadrupled, the research compiled for Reuters by S&P Global Market Intelligence shows.Electric vehicle metals account for roughly 50 percent of Glencore's core profit, more than ...

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First Published: Tue, December 05 2017. 20:34 IST