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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Glencore Plc | LSE:GLEN | London | Ordinary Share | JE00B4T3BW64 | ORD USD0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.70 | -0.81% | 455.00 | 455.55 | 455.70 | 457.80 | 449.30 | 451.15 | 28,904,035 | 16:35:06 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Nonmetallic Mineral Pds, Nec | 217.83B | 4.28B | 0.3508 | 12.98 | 55.57B |
From May 2019 to May 2024
By Oliver Griffin
Glencore PLC (GLEN.LN) on Monday said it has entered a new five-year agreement to supply GEM Co. Ltd. (002340.SZ) with cobalt hydroxide.
The Anglo-Swiss miner and commodities trader said that under the terms of the deal it will supply a minimum of 61,200 metric tons a year of cobalt to GEM, a Shenzen-listed battery-metals company, between 2020 and 2024.
Nico Paraskevas, Glencore's head of marketing for copper and cobalt, said the partnership will provide the company with a stable outlet for a "significant portion" of its expected future cobalt hydroxide production.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
October 07, 2019 06:48 ET (10:48 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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