Glencore cornering cobalt market

GLENCORE International, the world's largest commodity trader, will buy the output from Katanga Mining’s Kamoto operation in the Democratic Republic of Congo, to gain control of 42% of the world's cobalt market by 2011.

Glencore cornering cobalt market Glencore cornering cobalt market Glencore cornering cobalt market Glencore cornering cobalt market Glencore cornering cobalt market

Bloomberg has reported the Switzerland-based Glencore, loaned $150 million to help restart Kamoto, and agreed to buy all the copper and cobalt produced from the mine run by the Toronto-listed company.

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