Glencore to Purchase $115 Million Cobalt from Rami Weisfisch for U.S. Stockpile
STRATEGIC MINERALSDEFENSE
Glencore has agreed to buy nearly 2,000 metric tons of cobalt worth almost $115 million from Rami Weisfisch. The cobalt is intended for the U.S. stockpile as part of Project Vault, aimed at securing critical minerals. This deal comes as the U.S. seeks to reduce reliance on Chinese cobalt amid export restrictions.
Feb 25, 2026, 6:22 AM
