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Updates Cobalt: Glencore And First Cobalt Sign Definitive Agreement

04:22 MIN 2.052

Glencore AG in Zug gives First Cobalt a 5 Mio.$ loan for the fast evaluation of the restart of the First Cobalt Refinery in Canada. Glencore will then also give over 40 Mio. $ as a second loan to bring the refinery back into production to produce Cobalt for the North American car market, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG.

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