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Exclusive-Glencore to buy almost $115 million of cobalt from industry veteran Weisfisch, sources say [Yahoo! Finance Canada]

VALE S.A. American Depositary Shares Each Representing one common share (VALE) 
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm Check Earnings Report
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The material, which is vital for defense and military equipment, ?is expected to be shipped to the United States for inclusion in its planned stockpile, the two sources added. U.S. President Donald Trump's administration is ?actively seeking to secure critical materials including cobalt to reduce its reliance on China, the dominant global supplier and processor of metals and minerals needed for strategic industries. China has leveraged its control to ban exports of critical minerals, introduce quotas and new regulations. London-listed miner Glencore agreed at the end of last year to buy the cobalt from Weisfisch over 12 months ?in 2026 using a formula tied to ?prices assessed by price reporting agency Fastmarkets, the sources said. Weisfisch and Glencore declined to comment. COBALT ACQUIRED BY WEISFISCH IN 2015 The deal marks the end of Weisfisch's half-a-century involvement in the ?cobalt market, the sources said. The cobalt acquired by Weisfisch in 2015 is currently sto Show less Read more
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