GM Signs Cobalt Deal with Glencore for its EV Battery Supply

General Motors (GM) has announced a sourcing agreement with Australia’s Glencore supplying cobalt for the automaker’s EVs, as announced on Tuesday.

Cobalt is one of the main metals used in the production of EV batteries, and Glencore’s cobalt will be used in GM’s Ultium battery cathodes for the Chevy Silverado EV, the GMC Hummer EV and the Cadillac Lyriq EV, among others.

The move is also in support of the company’s shift towards an EV ecosystem, as detailed by Jeff Morrison, GM’s vice president of Global Purchasing and Supply Chain.

In a statement, Morrison said, “GM and our suppliers are building an EV ecosystem that is focused on sourcing critical raw materials in a secure sustainable manner.” Morrison added, “Importantly, given the critical role of EVs in reducing the carbon footprint of the transportation sector, this agreement is aligned with our approach to responsible sourcing and supply chain management.”

By the end of 2025, GM expects to have a production capacity of about one million vehicles across North America.

Earlier this month, GM also announced a partnership with Honda to build “millions” of affordable EVs beginning in 2027.

Reviews of GMC’s Hummer EV officially started hitting the internet a few weeks ago, and reservations have already surpassed 65,000.