February 14, 2020 / 3:11 PM / 11 days ago

Glencore held stocks of 12,797 tonnes of cobalt at the end of 2019

LONDON, Feb 14 (Reuters) - Glencore’s Katanga operation in Africa held unsold stocks of 12,797 tonnes of battery material cobalt with a current market value of more than $400 million at the end of last year, statements from Katanga show.

Toronto-listed Katanga Mining, mostly owned by London-listed Glencore produced 17,054 tonnes of cobalt contained in hydroxide last year and sold only 4,257 tonnes over the same period.

Reporting by Pratima Desai; Editing by Edmund Blair

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